Got a car lease? Your vehicle could be worth thousands of dollars more than expected because of COVID-19

Sean Larson decided he didn’t need his 2019 Subaru Crosstrek anymore, but he had 16 months left on his lease, so the Seattle resident thought he was stuck. He wasn’t. Many people with leases, such as Larson, are cashing in or turning in their cars early with no penalty. That’s because their vehicles are suddenly worth a lot more than carmakers and dealers expected when they had customers sign up for leases in 2018 or 2019. The shift in favor of leaseholders has come about because of the COVID-19 pandemic, which pushed up prices for new and used vehicles and…

Why You Should Consider Buying Your Leased Car

If you’re nearing the end of your lease, it might make sense in the current market to purchase the vehicle from your Leasing company. Most contracts include a provision to buy the vehicle at a precalculated price set at the beginning of the lease. In normal times, it’s usually not such a good deal, but with new and used cars in short supply and prices surging, the buyout price might represent big savings and actual equity in the vehicle, if you turned around and sold it to a third party. “There was no way for the folks that drew up…

What are the benefits of using cash for cars in San Jose instead of leasing a vehicle?

You might think that Leasing a Car is the best idea for you – however, other businesses can provide you with a better offer than Leasing or Buying a vehicle! Let’s see the difference between Leasing and another selling method that can be more effective in the long run.  Leasing vs. cash for cars San Jose! Which one is better?  What is Leasing? Well, Leasing is the ability to just put down monthly payments for a vehicle so you can drive a vehicle for less per month than you would with Buying a Car. If you are considering Leasing an…

How it works & how much it costs

If you’re looking for a new vehicle, one option is to lease. While Buying a Car gives you access to that vehicle indefinitely, Leasing a vehicle means you’ll generally only pay for the time you drive that vehicle before returning it to the dealer at the end of the lease term. Wondering how to lease a Car? In many ways, it’s a similar process to purchasing a Car. In both scenarios, you and the dealer can negotiate the price of the vehicle you are interested in, which will influence the monthly payments you’ll make. Leasing a vehicle isn’t for everyone,…

9 Benefits of Leasing a Car

Many people are apprehensive about leasing because the benefits over purchasing are unclear. After all, why lease a car when you can own it and get some money back when you sell it? Depending on your personal preferences, lifestyle, and financial situation leasing can be packed with advantages. From lower monthly payments to even more vehicle options, here’s why leasing a car might be right for you. What are the benefits of leasing a car?  Leasing is similar in theory to renting an apartment. As the person leasing the car, or the lessee, you are paying some initial fees along…

INTERVIEW: Europlan the pioneer of Russia’s car leasing business

Why buy a car when you can lease one? The option of leasing vehicles is perfect for Russia’s fast-growing economy. Following the collapse of the Soviet Union no one had any money, but there were opportunities galore for anyone with a decent business idea. The trick was to get hold of some cash to get the business off the ground. Into this world was born Europlan that provided small and medium-sized enterprises (SME) a way to get cars, vans and trucks in a way they could afford and scale.   Europlan was born from a circle of bankers that grew out…