Basics of Leasing 21
Basics of Leasing 21
Posted on June 23, 2022
At Howard Carter Lease Ltd, we’ve been exceeding our loyal customer’s expectations for over 20 years. We have a large – fully stocked inventory of over 1,000 (new and pre-owned) vehicles to select from including; Sedans, SUVs, Compacts, Trucks and Commercial Vans. Our dedicated team of qualified leasing specialists work diligently to secure our customer’s vehicle of choice – while catering closely to all individual budgetary requirements. Learn more about our tailored lease plans today.
At Howard Carter Lease Ltd, we’ve been exceeding our loyal customer’s expectations for over 20 years. Today, we remain committed to providing an unrivaled vehicle purchasing experience – that removes any pressure and provides our customer’s with the unparalleled service, superior vehicle selection and the affordability they desire.
At Howard Carter Lease Ltd, we’ve been exceeding our loyal customer’s expectations for over 20 years. We have a large – fully stocked inventory of over 1,000 (new and pre owned) vehicles to select from – Sedans, SUVs, Compacts, Trucks and Commercial Vans. Our dedicated team of qualified leasing specialists work diligently to secure our customer’s vehicle of choice – by analyzing specific requirements and providing practical, helpful recommendations and solutions. Based on this information, we can design a lease tailored towards an individual vehicle or an entire commercial fleet – while catering to our customer’s budgetary requirements.
We have a large – fully stocked inventory of over 1,000 (new and pre owned) vehicles to select from – Sedans, SUVs, Compacts, Trucks and Commercial Vans. Additionally, we stock all makes and models (including exotic and performance vehicles).
Less than favourable credit?
SERVICE
At Howard Carter Lease Ltd, we make our vehicle approval process – straight forward, seamless and transparent. Furthermore, our vast network of automotive contacts and industry experience affords our customer’s to leverage the highest caliber of attentive service and the best rates …while at the lowest prices! Additionally, Howard Carter Lease has the knowledge, the expertise and the network to deliver vehicles anywhere in Canada.
We look forward to meeting you soon.
WHY HOWARD CARTER LEASE?
WHY BUYS – VALUE PROPOSITION — SEE DON and Go AUTO!
More Vehicle For Your Money
Because you’re only paying for the lease term of the vehicle you use, and because your monthly payments are lower, you maybe able to afford a lease a more equipped vehicle than you could purchase.
New Vehicle More Often
Because of lower monthly payments and defined lease periods, you can get into a new vehicles more often.
Manufacturers Warranties
Many lease periods parallel the time frames for manufacturers warranties, allowing you to have warranty coverage for as long as you drive the vehicle.
Choice & Flexibility
Howard Carter Lease is a flexible leasing company. By looking at all your options, we can analyze your specific needs and give you practical, helpful recommendations and solutions. Based on this information, we can design a lease to your individual or fleet.
What Howard Carter Lease Offers
Not Every leasing company offers you what Howard carter Lease does. We are a independent leasing company owned and operated by the Carter Auto family. We provide customized leasing programs tailored to the needs of our clients. We offer the right lease for your applications.
Glossary
Lessee: the customer who is leasing the vehicle (you)
Lessor: The company who owns the vehicle and is leasing it.
Open end Lease: This is a agreement where the monthly payment and residual (buy-out) are specified at the start of the lease. There are no kilometre restrictions or wear-and-tear clauses in this type of lease, the lessee guarantees the value of the vehicle or purchases it.
Closed-end Lease (Purchase option Lease): Unlike an open lease, the lessee does not guarantee a residual or buy-out value. The monthly payment is fixed at the outset of the lease. In addition, the lessee agrees to the specific number of monthly payments and to the terms regarding the vehicle’s condition and kilometres. At the end of the lease, the lessee returns the vehicle to the leasing company. This allows the lessee to fix costs over the term of the lease for budgetary purposes.
Term: The length of the lease in months
Kilometre Allowance: The total kilometre allowed the lessee during the length of the lease. The lessee may pay a penalty per kilometre if the kilometre allowance exceeded, depending on the type of lease.
Residual: Also known as fair market value or lease end value The value. The value specified in the lease, of the vehicle at the end of the lease. Occasionally, the lessor gives the lessee the option to purchase the vehicle for this amount at the end of the lease. This is not always the case. Check to see that the lease contract includes this clause.
Excess Wear- and-Tear: Normal wear and tear is stress on a vehicle caused by normal use. At the end of the closed-end lease, the lessor holds the lessee responsible for wear- and- tear that is in excess of “normal”. Typically, a clause in the lease agreement spells out excess wear-and-tear in detail.
Security Deposit: Money collected at delivery for security typically in the range of one monthly payment. The deposit is refunded, minus any lease-end charges for wear- and -tear or excess kilometre, after the lessee returns the vehicle and it is sold.