Get the best when choosing an auto shipping service!

Auto Transport

Contact American

About American Auto Shipping

Auto Shipping Blog

Auto Shipping Privacy Policy

Car Shipping Terms of Use

Transport Testimonials

Site Map

Why use auto transport brokers?

Becuase it saves you time & money every time you ship your car. more about auto transport brokers

Where does our Gasoline Come From?

Many places but maybe not where you think! more about gasoline originating countries

History of Gasoline

Facts about gas you should know.more about the origin of gasoline

Bill of Lading

Auto Transport Terminology. more about the bill of lading

Auto Transport, Click Here
Car Shipping, Click Here
Motorcycle, Click Here
International, Click Here

"When auto transport companies compete You Win!"

Auto Related Link Directory

Auto Leasing & Financing

Auto Leasing & Financing - What are the Benefits and Drawbacks?

Buying: The Benefits
By far the greatest benefit of buying a car is that you may actually own it one day. Implied in this benefit is that you'll one day be free of car payments. The car is yours to sell at any time and you are not locked into any type of fixed ownership period.

When you buy a car, the insurance limits on your policy are typically lower than if you leased. Finally, by owning a car, you're free to rack up the mileage without economic penalties or restrictions.

Buying: The Drawbacks
The most obvious downside of owning versus leasing is the monthly payment, which is usually higher on a purchased car. Additionally, the dealers usually require a reasonable down payment, so the initial out-of-pocket cost is higher when buying a car.

Presumably, as you pay down your car loan, you have the ability to build equity in the vehicle. Unfortunately, however, this is not always the case. When you purchase a car, your payments reflect the whole cost of the car, usually amortized over a four- to six-year period. But, depreciation can take a nasty toll on the value of your car; especially in the first couple years you own the vehicle. More and more, as car prices escalate, buyers who give modest down payments end up financing a considerable portion of the car, and then find themselves in an "upside-down situation" where the car is worth less than what the buyer pays to own it. Like the monthly payments of a mortgage, monthly car payments are divided between paying principal and interest, and the amounts dedicated to each vary from payment to payment. In the first years in which you pay back your car loan, the majority of each payment goes towards interest rather than principal. But in the first couple years after being purchased, most new vehicles depreciate 20-40%. The loss in equity is a double whammy: your car depreciates dramatically, and the monthly payments you've been making have mostly gone towards interest rather than the principal, which leaves you very little equity in the car.

Leasing: The Benefits
Perhaps the greatest benefit of leasing a car is the lower out-of-pocket costs when acquiring and maintaining the car. Leases require little or no down payment and there are no up-front sales-tax payments. Additionally, monthly payments are usually lower, and you get the pleasure of owning a new car every few years.

With a lease, you are essentially renting the car for a fixed number of months (typically 36-48 months). Therefore, you pay only for the use (depreciation) of the car for that period, and you are not forced to absorb the full depreciation cost of the vehicle. Leasing a car will never put you in an upside-down position.

Leasing also provides an alternative when buying a car is not an option. Most banks will not lend more than $30,000 for a car loan. If you are planning to acquire a car worth more than that, leasing may be your only option.

Finally, for business owners, leasing a car may offer tax advantages if the vehicle is used for business purposes.

Leasing: The Drawbacks
By leasing a car, you always have a car payment, and if you don't like that prospect, then leasing is probably not right for you. As long as you lease, you never really own it. However, depending on your type of lease, when your lease term is up, you either hand the keys over to the car dealership and look for another vehicle, or finance the remaining value of the vehicle and go from making lease payments to loan payments.

The mileage restrictions of leasing pose another drawback. If you drive a great deal during the year, consider instead a loan or an open-end lease (which we discuss below). Most leases restrict your mileage usage to 15,000 miles per year (sometimes even lower at 12,000 per year). If you go over your allotted miles, you pay extra: the going rate is about 15 cents for every mile over your limit, and 20-25 cents for luxury cars. So, if you go over, say, 4,000 miles on your luxury sedan, you can expect to pay about $800 at the end of the lease. One way to reduce mileage is to use auto transport services.

Finally, insurers usually require higher coverage costs for leased vehicles. However, depending on your age, driving record and place of residence, that additional cost may be nominal.

Aged Mortgage Leads - Cambridge-Marketing.com offers a variety of qualified aged mortgage leads and refinance leads.

Business Loans California - Neil Advani offers complete representation in obtaining business, commercial and residential loans for buying or selling on almost all types of business and residential properties.

Auto Title Loans California - Loans made easy with online loan application at City Loan.

Get an online quote for car leasing and independent vehicle finance from Seaton Automotive

Semi Truck Financing - Prudential Leasing offers fast and competitive rates on commercial truck financing and leasing. We offer flexible terms for all types of trucks; new or used.

Car loans - Bad credit car loans - Americas Car Loans - Americas Car Loans offers various options for car loans and bad credit car loans, calculate your loan repayments with easy car loan payment calculator and apply online now for private car loans, instant car loans, low cost car loans, cheap car loans, fast car loans, instant bad credit car loans at low interest rates.

Auto Leasing - LeaseTips.com - Calculate car leasing payments, avoid auto leasing scams, negotiating tips, and auto leasing software.

Precise Auto Lease Quotes - AutoLeaseShopper.com
Specializing in nationwide leasing of luxury autos for busy professionals. Precise auto lease quotes, not estimates.

Car Leasing Inc. - CAR Leasing, Inc., a pioneer in the automotive industry, has been servicing individuals and corporations for 50 years. We are a nationally recognized auto and truck leasing company holding fleet certificates with GM, Ford and Daimler Chrysler.

LeaseTrade.com - America's #1 Lease Assumption Marketplace - Marketplace for consumers, dealers, and lease companies to trade, assume, swap or transfer into or out of lease vehicles through car lease assumptions.

Free Educational Guide on Car Leasing - Unbiased, consumer oriented, free educational guides on car leasing and how to transfer a car lease or get out of a car lease.

CarCredit.com - We have the car you want and the credit you deserve.

Bad-Credit.com - Your online credit source for car loans, mortgages, credit cards, debt consolidation & more!

Auto-Credit.net - Welcome to the most effective automotive financing site available today!

AutoCredit.com - It's never been easier to get an auto loan!

FastAutoApproval.com - Get approved for an auto loan regardless of your bad credit history.

SubPrimeAutoLeads.com - Learn how we can increase your dealership's subprime sales.

CarApproval.com - The easiest way to get the car loan you need.

Credit Card Guide Your comprehensive guide to everything involving personal credit matters including things such as Credit Cards, Credit Reports, Mortgages, building and repairing your credit and other related subjects.

Thanks for Visiting American Auto Shipping!