FAQ

Why choose Classic Leasing ?

Classic Leasing offers a complete, one-stop shop for any and all of your automotive lease and finance related needs. Saving your TIME and MONEY is the #1 goal for Classic Leasing . We do not "sell cars" for a living, we manage loans and leases day in & day out to give a new-found peace-of-mind when driving and buying cars. Classic Leasing 's direct and exclusive affiliation to many of the industry's top manufacturers and brands allow you to save where it counts the most: The Monthly Payment!

Once the GET CUSTOM QUOTE form is submitted, Classic Leasing customers will enjoy the process from start-to-finish without ever having to go to a Car Dealership!

Do I have to pay a down payment?

According to most advertised factory lease programs in the market: Yes, you do have to make a down payment according to the fine print, or the surprises that await you once you invest hours at a dealership. However, at Classic Leasing we have the true $0 ZERO down payment program you've been looking for.

A common perception is that you must pay something upfront in order to get a good deal. That's absolutely not true. Our criteria is simple: Unless a down payment program allows for a drastic change in the overall program (i.e. the bank's score ratings, interest rate, etc.), why not keep the cash in your pocket? We understand that your goal is the lowest monthly payment as well as the lowest down payment.

Ask about our ZERO Down Payment Program to find out more.

How long does the leasing process usually take?

The car you have chosen can be in your possession within hours of submitting your inquire online. Classic Leasing invests in the latest and greatest technologies to accommodate our society’s desire to save time and money when getting their next vehicle. Our clients are typically driving their new vehicle within the first 24 hours of completing the quick & easy Get Smart Quote form.

How is a lease similar to a purchase?

The best loans and leases on the market are all based solely upon the individual’s credit score and credit profile.

You have the option to pay off or trade in both a purchase and leased vehicle at any time.

Your monthly payment goes down the longer your finance term is. Usually a 3 year term is less per month than a 2 year term, a 4 year term is less than a 3 year term, etc…

You don't actually own anything until you have paid off the remaining balance on your purchase or lease. (Don't believe me? Stop making your payments and see what happens.)

The amount of miles you drive affect how much you pay to drive your vehicle. A vehicle with higher mileage is worth less than the same vehicle with lower miles. Even when you purchase a vehicle and then trade it in, you still pay for the miles you drive in the trade in value of your vehicle.

A lease simply allows you to account for your specific needs for mileage. Whether you drive 5,000 miles per year or 50,000 Classic Leasing has a smart plan for you.

Let us help you decide on the best Finance option for you today!

Will having financial issues or a low credit score prevent leasing?

Though leasing is a preferred method of financing, a few bumps and bruises on your credit, or with your current financial situation, will certainly not prevent you from leasing a vehicle. If your credit has made it to a state that reestablishing your credit is the smartest option, then our exclusive Credit Re-Establishment Program may certainly be a benefit in your situation. This program is designed to help re-establish credit over a few short years so that you're able to get back to a position to transition to the lowest lease and finance rates and programs in the market.

Does warranty still apply if I get the car from you?

Absolutely! As a client of Classic Leasing your warranty on any vehicle with remaining factory warranty will work exactly the same no matter where you choose to purchase or lease it. In addition, Classic Leasing has several beneficial Warranty options that can either extend beyond the factory coverage or provide protection to nearly all pre-owned vehicles.

Should I Purchase or Lease?

What is the Same?

For the most part; Lease and Loan terms are both evaluated the same way when it comes to credit worthiness.

1. You have the option to pay off or trade in both a purchase and leased vehicle at any time.
2. Your monthly payment goes down the longer your finance term is. Usually a 3 year term is less per month than a 2 year term; a 4 year term is less than a 3 year term, ect…
3. You don’t actually own anything until you have paid off the remaining balance on your purchase or lease. (Don’t believe it? Stop making your payments and see what happens.)
4. The amount of miles you drive affect how much you pay to drive your vehicle. A vehicle with higher mileage is worth less than the same vehicle with lower miles. Even when you purchase a vehicle and then trade it in, you still pay for the miles you drive in the trade in value of your vehicle.

A lease simply allows you to account for your specific needs for mileage and usage. Whether you drive 5,000 miles per year, or 50,000, a lease is the only method to customize those differences. Let us help you decide on the best Finance option for you today!

What are the Differences?

When you purchase a vehicle you pay 100% of the vehicles value over the term of the loan. This results in your payments being higher than they would be on a comparable term lease. When leasing a vehicle you pay only for the portion of the vehicle you use (the depreciation). Though people that drive less miles per year pay less than those who drive more miles, even higher mileage drivers will save money with lower monthly payments.

Once you’ve made the final payment on a purchase you own the vehicle outright.

Once you’ve made the final payment on a lease, you don’t own the vehicle, but you do have options. (Options include: purchasing the vehicle for a pre-determined value, trading or selling the vehicle, or turning the vehicle back into the bank.)