|
 |
Payment Comparison |
Example: Buy or Lease?
|
|
FINANCING |
SMARTLEASE |
|
Selling Price |
$20,000 |
$20,000 |
|
Down Payment |
$1,000 |
$1,000 |
|
Tax(6.0%) |
$1,200 |
$60 |
|
Amount Financed |
$20,200 |
$19,510 |
36 Monthly Payments $638 | |
|
48 Monthly Payments$498 |
Payment$414
Tax $25
24 Payments$439 |
|
60 Monthly Payments$414 |
|
Total difference between 48 month financing vs. 24 month SmartLease: |
$1,416 |
FINANCING
24 Remaining Payments
Based on 48 Month Example:
$11,952 |
SMARTLEASE
Contract Paid-in-full
Guaranteed Purchase Price:
$10,800
Customer Options:
1. Buy the vehicle and keep it.
2. Buy the vehicle and sell it.
3. Return the vehicle and walk away.
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