 | 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 $2524 Payments $439 | |
|
60 Monthly Payments$414 | ||
|
Total difference between 48 month financing vs. 24 month SmartLease: |
$1,416 |
Two Years Later
|
|
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. |