Secrets to Leasing

So many questions arise when discussing leasing a new car. I've spoken with several people this week who are considering residual based financing rather than a traditional purchase. Whether you normally make payments or purchase your vehicle in cash, leasing can be a better option for you. With so many dealers and brands available in Dallas, Tx, it is imperative that you find a dealership with good customer service, honesty and ethics. Price is of course important too. Many times, as with many other dealerships, the prices posted online are not a true price. It is a "bait and switch", in direct violation of state law.

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Here are my secrets which are of course, completely just my opinions. Don't take my advice on its own without consulting with your financial planner, banker, or trusted adviser. For legal reasons I can't prescribe the exact perfect situation for any person. Of course, all of these options depend on your credit score and income. You can always visit our website to take the easy Buy vs. Lease Quiz. Nothing is required- not even your email address. Buy Vs. Lease Quiz     E-Mail Me    Our Mission & Values


DCW's "Secret" Benefits of Leasing:
1. Many shoppers can get "more" car for less money. Since you're only paying for the future depreciation of the car, and not the entire MSRP, your payments are lower.

2. Leases typically require a smaller down payment than a purchase (and at Bob Stallings Hyundai, we even offer the $0 Down Sonata lease and $0 Down on other models as well). That leaves your cash in your pocket, in your investments or pretty much anywhere else than in your vehicle; which is a depreciating asset.

3. Many leases last about 3 years which gives you a great opportunity to always come back to trade in for the latest and greatest. And with today's rapidly changing technology, it's always fun to see what is new each model year. Just think about how many times iPod integration has changed since Apple's craze...Many vehicle manufacturers offer residual based financing today. The biggest secret I'm revealing is to make sure the car you buy will have a good/high value in 3 years. Do your research! Our Hyundai models; especially Genesis, Sonata and Elantra, hold their value well. 

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"Secret" Dealer Terminology and Definitions from the Dallas Car Wife: 
Acquisition Fee: This is a charge, usually charged by the manufacturer, for allowing you to lease the vehicle. It is usually non-negotiable. 
Cap-Cost Reduction: This is basically the same thing as a down payment. The value of your trade in can be applied to the cap-cost. 
Disposition Fee: The fee assessed up front to cover the basic fixes for normal wear and tear. This is also usually non-negotiable. 
Gap Insurance: This is the insurance that covers the entire value of the lease. In some cases, if the car is totaled, you could owe more than the totaled value of the vehicle. Gap insurance covers the "gap".
Residual Value: The expected future value of the vehicle at the end of the lease term

Dallas Hyundai Leases from Your Savings Store: