Connect with us

Business

Car Leasing Options To Finance Your Dream car

As the exotic and luxury car industry continues to expand in the automotive marketplace, an increasing amount of auto collectors are turning to chattel mortgage and leasing as a way of getting into the car of their dreams. This discerning group of collectors is finding convenient, flexible leasing programs are becoming an attractive option opposed to traditional financing plans for numerous reasons, ranging from cash conservation to tax benefits. Many leading exotic and collector car leasing companies have responded to this trend with the “Simple Lease” program, a financing experience designed to make getting into one’s dream car a convenient, even profitable experience.

Car Leasing Options To Finance Your Dream car

Many Financial Services companies realize what these vehicles mean to their clients. So, with their ‘Simple Lease’ program…clients can switch cars, end the lease early, or own the car at the end of the contracted lease period with very little problem. Their goal is to make the process of getting into a Ferrari or Bentley as simple for their customers as for someone leasing a conventional ca.,”

Many auto collectors are unaware of the advantages of leasing an exotic or collector car. A couple examples below:

Using Your Exotic as a Business Expense

Often, an exotic or collector car can be used for business purposes and written-off as a business expense. Many people have realized a Ferrari or some other high-profile car could serve as a significant cornerstone to their business promotion. Often times, businesses can use an exotic as a perfect tool for corporate advertising. In these cases, an exotic or collector car may be considered a legitimate corporate expense.

Sales Tax Advantages

When a vehicle is purchased outright, sales tax is due immediately up-front. With a leasing program, one doesn’t have to pay this lump sum at the front end of the sale. In most states, sales tax with a lease is calculated based on your monthly payment schedule and not required to be paid up front. With high-priced exotics, up-front taxes can cost tens of thousands of dollars for buyers. With a chattel lease program, consumers have the ability to pay this tax incrementally.

cash conservation Leasing allows buyers to free up more of their working capital for other investments. Tremendously less capital is needed when entering a lease with an exotic or collector car than when dealing with traditional financing programs.

Lease Options

1) clients can choose to pay-off the remaining residual on the auto and own the car outright.
2) Another option Premier Financial clients have is to sell the car, pay off the residual, and keep any difference made from the sale.
3) clients may be able to trade their car into a dealer, who can pay-off the residual on behalf of the owner. The owners are then able to keep any of the difference earned from the dealer sale.
4) Lastly, one can refinance the remaining residual through a new lease with the Financial institution of his or her choice without a large cash outlay and continue owning the car.

Continue Reading

Recent Posts

Travel1 day ago

5 Tips For Getting Around in Vegas

Las Vegas is always on most travelers’ to Do list. Travelers to Las Vegas usually choose to fly. Many airlines...

Education2 days ago

5 Different Engineering Degrees You Can Study

Engineering is no longer the fearsome career path it once might have been. Engineering courses of study and achievement of...

Home Improvement5 days ago

Sparks and Smoke: 6 Signs Your House Needs Rewiring

If you bought an existing home, it’s likely the wiring was done a long time ago. Over the last few...

Autos6 days ago

Master Mechanic: How to Learn More About Your Vehicle

Driving a vehicle on a regular basis is one thing. Understanding how it works, however, is a whole other ball...

packers and movers packers and movers
Home Improvement1 week ago

Tips to choose packers and movers to help move your office space

Numerous moving companies in India help make your move to any city as smooth as possible. They offer quality and...

Health1 week ago

Enjoy Responsibly: The Safest Methods for Using Cannabis

As cannabis is becoming more and more legalized across the nation, people are becoming more curious about its uses. With...

moving services in Toronto moving services in Toronto
Home Improvement1 week ago

Tips on finding moving companies in Toronto providing comfortable moving services

Moving to an interstate location shall be stressful, especially if you are about to relocate on your own. Hiring professional...

Autos2 weeks ago

Choosing the Right Tail Lights for Your Car or Bike

If you need new tail lights for your car or bike, you’ll want to take several factors into consideration so...

End of lease cleaning in Melbourne End of lease cleaning in Melbourne
Home Improvement2 weeks ago

End of lease cleaning in Melbourne – Move in and Move out easily

If you are a tenant, you are sure to be aware of the fact that you get to move into...

team in Sydney team in Sydney
Lifestyle2 weeks ago

Tips in finding a trustworthy removalists team in Sydney

Relocating to a newly rented or leased house space can be a tedious and time-consuming process to perform on your...

Lifestyle2 weeks ago

4 Fashion Additions to Complete Your Outfit

A wonderful outfit can make you appear and feel like someone who can conquer the world without even breaking a...

Autos2 weeks ago

How to Go about Selling an Old Car for Parts

Selling an old car for parts is easier than most people realize, and your junker could be worth quite a...

Business3 weeks ago

4 Things to Consider Before Choosing a Feed Tank for Your Manufacturing

In every day manufacturing you may find that you need a feed tank for your operation. Selecting the right feed...

Tech3 weeks ago

How to Find a Phone that Fits your Needs

Are you looking to buy a phone that may suit your needs without poking a hole in your wallet? You...

Lifestyle4 weeks ago

Elegant Dinner: 4 Ways to Fancify Your Next Get-Together

Throwing a social gathering in the comfort of your own home can be a joy. If you want your upcoming...

Categories

Archives

Trending