La lecture en ligne est gratuite
Le téléchargement nécessite un accès à la bibliothèque YouScribe
Tout savoir sur nos offres
Télécharger Lire

Expats beware - not all car leases are created equal. Protect yourself and learn the difference before you sign!

1 page

Expats beware - not all car leases are created equal. Protect yourself and learn the difference before you sign!

Publié par :
Ajouté le : 15 juillet 2012
Lecture(s) : 12
Signaler un abus
Expats beware - not all car leases are created
equal. Protect yourself and learn the difference
before you sign!
PR Newswire
WOODBURY, New York, July 6, 2012
WOODBURY, New York
,
July 6, 2012
/PRNewswire/ -- Expatriates moving to
the
United States
encounter many challenges when leasing a vehicle due to a lack
of a U.S. credit history. There are two types of automobile leases that exist in
the United States
, open-end and closed-end leases, for both new and used
vehicles. Expats need to protect themselves and learn the difference before
they sign to ensure they are getting a good deal.
Closed-End Leasing –
Often called "walk-away leases," are based on the
number of miles a customer will typically drive in a year (12,000), that it will be
driven in normal driving conditions and the residual value of the vehicle is
known upfront. For Expats this is a good option as it is a no-risk lease
agreement with all costs known prior to going into the lease. Choosing a
manufacturer direct leasing program protects the expat with a higher residual
value, low monthly payments and low interest rates not found anywhere else.
At the end of the leasing term, the customer simply returns the vehicle and
they are not responsible for anything other than possible excessive damage or
additional mileage charges.
Open-End Leasing –
Typically used in business leases, the lessee takes all of
the financial risks. The monthly payments on open-end leases are much higher
and the total cost of the lease is unknown until the end of the lease agreement.
Therefore if an expat were to enter into this type of lease they would be
responsible for paying the difference between the estimated lease-end value
and the market value of their vehicle at the end of the lease. Expats beware as
open-end leases are often promoted as a good option since customers are not
locked into a long-term agreement. However, expats often end up paying more
for this flexibility as the higher monthly payments usually exceed those of
closed-end leases and the expat would also be responsible for the difference in
the residual value and market price, resulting in one large lump-sum payment
due upon return of the vehicle!
International AutoSource has been assisting expats without a U.S. credit history
lease vehicles for decades. Through manufacturer direct leasing programs,
expats have access to safe, low rate, close-end lease programs. To read more
about International AutoSource, please visit http://www.intlauto.com.
Contact: James Krulder
International AutoSource
+1-516-496-1810, jkrulder@intlauto.com
Un pour Un
Permettre à tous d'accéder à la lecture
Pour chaque accès à la bibliothèque, YouScribe donne un accès à une personne dans le besoin