When your lease is almost up, there are usually only two paths people consider. Most choose to return the car to the dealership. Others fall in love and decide to purchase the car outright. What you may not know is that in some cases you can actually build equity with your leased vehicle. That’s extra money you can use toward a new car.
So if you want to lease a new car, it’s recommended that you should be near the end of your finance term for your old vehicle before you go and get a new vehicle.
If you want to learn more about how to lease a car, you can get more information on our website. Signature Auto Group aims to provide best deals on Car Leasing in New York City and Florida.
Many Car Buyers will contemplated whether it’s better to lease a new car or to buy it? There are some things which would be similar to buying. You need to get the price of the new car. The calculation of the lease would begin at a price. Then the capitalized cost for the new car would be obtained. You could also trade in your old vehicle and then use the funds obtained as a down payment. Applying this would get the cost of the lease for your new vehicle.
It would help if you kept it in your mind that whenever you trade in your new vehicle on a lease in New York, you would be handling two different transactions. The dealer that would be leasing a car to you is not the owner of the vehicle. A leasing company owns the car. The dealer is simply buying you the car.
The amount you would get trading your vehicle has no business with the lease of your new vehicle. Both of these transactions are independently negotiable. It is essential you mentally separate them, so you could get great deals on each transaction.
You may find that if you sell the vehicle yourself that you could received a higher sales price for your vehicle, however selling a car privately can also come with it’s own challenges. Signature Auto is also here to help with selling your current car. Click Here to learn more about selling your car with Signature Auto.
If you are not done paying for your old vehicle, you could trade your old vehicle in for a lease if that vehicle has an amount that is more than you owe. But when you want to buy, you should trade the vehicles you have full ownership of, instead of using one you already owe money on. That is because, in that case, you have a lower amount of equity. The value of the down payment you bring would be less. You could need to secure additional funds to cover upfront lease costs. Some dealers would work and help you roll with your car to convert your loan and add it to your new vehicle. But you might soon run out of luck if you get a lease that has negative equity.
Fort Lauderdale’s Most Trusted Car Leasing Company
If you’re looking for car leasing in Fort Lauderdale or the Miami area, Signature Auto Group Florida is the place to be. As a leading leasing broker, we help customers with early lease exits, lease swaps, new leases, and everything in between. With two decades of experience in the New York area collected, our company is confidently expanding its expertise to the South Florida region.
Becoming the go-to company for early lease exits in Miami and Fort Lauderdale is no easy task, but with our commitment to customer service led by a motivated staff, our entry is already favored by most. Standing by you every step of the way, our company strives to guide you in the right direction. Whether buying, leasing, or selling, a dedicated team member is here to attend and impress.
Along with our excellent staff, Signature Auto Group Florida offers a diverse array of services, separating itself from other car dealers in South Florida.
Car Leasing Florida
Serving areas from Aventura to Boca Raton, our reach is vast. As such, our inventory is built to serve all types of clients. With an impressive list of available cars for lease in Miami, we have a special vehicle for everyone.
Leasing a car is beneficial for many consumers. It provides a way to save on costs while evading any long-term commitments. Drivers remain open to the possibility of new vehicles, always able to keep their driveways fresh.
With our extensive industry knowledge and decades-long relationships, we’ve been able to build one of the most desirable inventories around. With most makes and models available, our lot is the only place you need to visit for your next lease.
Contact Signature Auto Group Florida Today!
Signature Auto Group is the best destination for car leasing in the Fort Lauderdale and Miami area. We offer an extensive inventory made up of all makes and models, along with an experienced staff dedicated to making your next visit pleasant and straightforward.
We aim to provide as many avenues of communication as possible, allowing you to interact with our team in a manner that is most comfortable to you. Regardless of the question, feel free to email us directly at firstname.lastname@example.org or use the built-in contact form. If you prefer a call instead, you can reach our team at (561) 709-2277.
You can also stop by our location to speak with us in person. We are located at 291 E Commercial Blvd, Fort Lauderdale, FL 33334.
Fort Lauderdale, Florida Car Leasing Return Center
If you have an car lease that is due to reach maturity, we at Signature Auto Group Florida can accept your lease return even if you did not lease it from us, all makes and models! Let us guide you through the process of turning in your current lease as well as provide all the information you need on leasing a new car.
If your lease is maturing soon, we suggest that a pre-inspection of your vehicle is conducted. This inspection will evaluate your vehicle’s condition using the Vehicle Condition Guidelines. After the inspection, we’ll provide you with a Vehicle Inspection Report, documenting your vehicle’s condition at that time. Save Big by returning your car with Signature Auto Group.
Fort Lauderdale, Florida Car Lease Transfer
A lease transfer works by allowing one driver to transfer their lease to another, who must qualify for credit approval with the finance company. A lease transfer is a simple process in which the name on a lease account is changed for the duration of the term. Other than the registered driver and the name on the lease, the remainder of the lease contract is unchanged. This includes mileage restrictions, wear-and-tear restrictions and the total length of the lease in months.
Fort Lauderdale Early Car Lease Buyout
Want to get out of your car lease early and into another car? Signature Auto Group Florida offers an early lease buyout program just for you. When you are leasing a vehicle, you can purchase your vehicle before the end of the lease contract. There are some instances when your car may be worth more on the market than your buyout price, and in this instance, you can actually make a profit!