Used Car Leasing a phenomenon whose time has come…

Yes, you CAN lease a used car! Used car leasing is the fastest growing segment of consumer leasing. As consumers and dealers become educated as to its efficacy they become proponents of this underused option. Leasing is a viable alternative to buyer’s driving financed pre-owned vehicles.

Let’s review some of the Consumer’s advantages of leasing a used car.

1. Avoid the rapid early-years depreciation of a new car. Leasing a slightly used vehicle can result in a significantly lower payment than that of a “new” vehicle of the same type due to the previous owner taking the initial big “hit” in value.
2. The convenience of being able to return their vehicle or the value of buying it for a predetermined amount at the end of the lease can be reason enough to lease. The option to buy the vehicle for a specific price or return it no matter what the market is like at the end of the lease term is a “win-win” option.
3. Less cash upfront allows the consumer to drive the vehicle of their choice with as little money changing hands as possible. This is particularly true with pre-owned vehicle leasing. Little or no money down, lower monthly payments, sales tax spread out over the monthly payments. They can drive “more” car for their money.
4. Gap protection provides security if the leased vehicle is stolen, destroyed, or totaled in an accident. No worry about being upside down on the lease term.
5. Easier to trade out a lease – Many of the major lessors will allow lease assumptions and several websites have sprung up that act as a marketplace for this activity.

Why should dealers promote Used Car Leasing?

1. Growing consumer confidence in late model vehicles offered through CPO programs.
2. Vehicle transparency on the Internet using detailed photos, descriptions and vehicle history tools plus extended warranties improve the consumer experience.
3. Attract customers that frequently turn over vehicles every 2-4 years
4. Attract monthly payment buyers
5. Leased vehicles typically sell at the asking price – a leased vehicle is a sold vehicle with additional backend profit
6. Increased turnover of more late-model vehicles
7. Create repeat customer base – use customer service tools to monitor lease expiration dates and customer contact.
8. The leasing process has been automated and simplified using available Internet tools.
9. Leasing rates are competitive with financing.

Who are the targeted customers for Used Car Leasing?

1. All segments of the population looking for monthly payments, quality vehicles and convenience.
2. Any qualified customer seeking a late-model vehicle – family sedan, sport, luxury, SUV, Minivan, or truck

How has autoLeaseAD.com simplified the Used Car Leasing process?

1. We automated the lease calculation process to provide “live” dynamic quoting capabilities.
2. We incorporate various funding facilities and their related requirements into the calculation process
3. We interface with your website vehicle inventory vendor to post “lowest payments” next to qualifying inventory items.
4. We provide full disclosure of terms on all lease quotes.
5. We provide each dealer with online tools to calculate leases “on demand” and to assist in print advertising of lease payments and disclosures.
6. We have an experienced staff to support leasing questions, educate dealers and implement used car leasing or to outsource the entire leasing process.

In summary, Used Car Leasing is designed to allow the consumer to get more car for the money; have a future value for their car guaranteed; and allows the dealer to ability to meet customer needs and car sales goals so it is no surprise that Used Car Leasing is the Phenomenon whose time has come…