Things You Should Know About Leasing in Detroit, MI
Leasing is the first choice of new vehicle shoppers here in Detroit, MI. But the way monthly payments are determined can be very confusing. However, the math is easily explained.
WHAT SHOULD I KNOW ABOUT LEASING?
Your lease payments essentially pay the difference between your new vehicle’s initial price, and its anticipated value at the end of your lease, plus interest. This amount gets divided into monthly payments. Factory rebates and dealer discounts decrease the initial price of the vehicle; reducing monthly payments. Your anticipated annual mileage and length of lease also impact lease payments.
SHOULD I PUT MORE MONEY DOWN?
Down payments and upfront payment of fees can lower monthly lease payments. This is where many get confused. Some ads proclaim no money down, but they often overlooked smaller type discloses such as, your first month’s payment, upfront taxes, plate transfer, title fees, destination charges, loan acquisition fees, dock fees and more are due at signing. Technically these fees aren’t considered a down payment, but it feels like one when you write the check to get your car.
These disclaimers may say, “all rebates are deducted from the price”-including rebates you don’t qualify for, like an active duty military rebate. The result? The promise of no money down becomes the surprise reality of thousands due.
HOW CAN I GET AN EASY CAR LEASE IN GROSSE POINTE, MI?
Let’s simplify. Let’s consider, “LaethemLease”. With LaethemLease, the price you see is the price you pay. Period! That’s why LaethemLease monthly payments include 6% sales tax. Also included, our plate transfer, title dock and acquisition fees, destination charges, first month’s payment, and upfront taxes. A LaethemLease also means no down payment; truly nothing due at signing. Employee and non-employee pricing are clearly displayed, including your choice of payments based on ten-thousand, twelve-thousand, or fifteen-thousand annual miles.
With LaethemLease, you’re in control with everything you need to make an informed leasing decision.