A common myth of leasing is that, once you sign a contract, you are committed to the vehicle until the terms of the contract are completed. The truth is, you can turn in a leased vehicle early. You can also trade the vehicle, sometimes also called a lease-buyout and sale. Is it better to fulfill the terms of your lease contract? Yes. But sometimes circumstances … Read More
Author: Linda Steil
What is a disposition fee on a Lease Contract?
In a previous post on how auto leasing worked, one of our “Terms to Know” was Disposition Fee. It was defined as: “Charged by some lessors for the privilege of returning the vehicle and walking away; the cost is spelled out in the Lease Contract, so you will know upfront how much it will be.” Simply put, the disposition fee is charged by the lessor … Read More
Dodge Grand Caravan saves the day
Upon returning home from a recent trip, my husband and I hit a deer. Everyone was fine, so no worries there, but our vehicle did not fare so well. Still a solid eight hours from home, with a vehicle that was nowhere close to drivable, two large dogs and up to our ears in items we were transporting back from my parents’ house, we needed … Read More
How does negotiating in auto leasing work?
There’s a common misconception that the auto leasing process is not negotiable. While leasing can be significantly different from traditional financing, when it comes to negotiations, the two are quite similar in certain ways. For example, the price of the vehicle and your trade-in, if you have one, are frequently items you can negotiate. Trade-in value Let’s talk about your trade first. You need … Read More
How does auto leasing work?
An auto lease is where you pay for the use of a vehicle for a certain amount of time determined by your contract. Once the Lease Contract is completed, the vehicle is returned. But how does auto leasing work? If you’ve purchased a vehicle using traditional financing before, lease can be quite different. There are some terms to know and factors to consider when trying … Read More
To warm or not to warm your vehicle – you decide
You’re dressed and ready for work. To start your morning, you probably showered, had some breakfast, checked on the news (possibly the weather) of the day and now it’s time to hit the road. Coffee and computer bag in hand, you head for the door. But first, you stop to put on your coat, hat, scarf and gloves. Why? Because it’s FREEZING outside. The weather … Read More
Leasing vs. buying – here’s what sold me
Recently, someone mentioned something to me about a post I scraped together a LONG time ago – four years and nearly six months ago, in fact. The mention made me want to go back and take a look, which of course I did, and I am excited to report back to you that Leasing vs. Buying – why is it a question? is as relevant … Read More
Happy Thanksgiving from all of us at Chrysler Capital
From our family to yours, we hope your Thanksgiving holiday is filled with joy. During your travels, or between Thanksgiving leftovers, feel free to check back for any of your auto financial needs. We have plenty of categories in our blog that cover vehicle journey. Travel Road & Car Tips Auto Advice To you and your loved ones, have a safe and happy Thanksgiving!
The ABCs of Halloween safety
All the hard work has been done. The candy is packed and ready to hand out to trick-or-treaters. Those costumes you bought or made are looking exquisite. Now it’s just time to hit the road and celebrate Halloween night. As you prepare for ringing doorbells or knocking on doors, it’s important to remember that fun and safety go hand-in-hand! Enjoy your trick-or-treating this year with … Read More
Muscle car meets supercar; a chance to own a piece of automotive history
Last year, with just one production year and only 3,000 made, the 2018 Dodge Challenger SRT® Demon was unleashed on American soil. The one-of-a-kind, street-legal drag car roared to life, set unheard of records and was immediately banned by the National Hot Rod Association (NHRA). Shortly thereafter, when the last 2017 Dodge Viper rolled off the line, it marked the end of an era. After … Read More