Incentives on a lease and purchase often vary, and the vast majority of car shoppers do not realize this difference. Finance Incentives Options (2 of them) are usually: Option of cash rebate (example: $2k rebate); or low interest rate over a period of time. Lease Incentives Options (3 of them) are usually: Different cash rebate; different subsidized interest rate; or a subsidized residual value.
“The art of the deal is different between financing and leasing, and the makeup of incentives is no different,” said Scot Hall, Executive VP at Swapalease.com. “Knowing the differences in how incentives are packaged is important because the educated car shopper that understands this has a better opportunity to negotiate the best incentives package.”
Example Using 2016 Chevrolet Silverado Double Cab LT 4×4
Invoice Price $42,385 *sale price used
GM Financial Subvent Lease
36 x $409
12,000 miles per year
Lease factor 0.00068
Residual 62% or $27,611.70
Cap cost rebate(s) $2540
US Bank Lease
36 x $472.24
12,000 miles per year
Lease factor .00105
Residual 58% or $25,830.30
Factory Purchase Incentives
0% financing for 60 months & $1000 rebate
$3000 rebate *current bank rate for 60 months ~2.9%
Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use Swapalease.com’s safe online system to contact the prospective seller and close the deal. For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.
Author: Swap ALease
The leader in lease transfers and lease assumptions. Swapalease.com can help you exit your vehicle lease early by marketing your car lease to lease buyers seeking a short term lease assumption or lease transfer. Buyers can assume or takeover a lease that fits their payment budget as well as choose a lease term that meets their needs. Swapalease.com is the lease trade leader, the largest lease trader, and the pioneer in the lease transfer and lease assumption business. Swapalease.com is your best option for both entering and exiting automotive leases cost effectively.