Question:
When leasing a car, if you lease from a dealership that owns several other dealerships, can you lease a car from one of their other dealerships? I leased a Mazda from a dealer who also owns a Volkswagen, a Toyota, and a few other dealerships in the area. Would my lease terms be good there as well? Thanks!
Answers:
I need to sell my car, but no one will buy it...would you?
Each manufacturer sets their own incentives for each vehicle they sell. It is only up to the dealership to decide what they want to sell a vehicle for under MSRP, or sticker price. The lease terms, such as rebates, residual rates, cents per mile, interest rate, etc, are all set by the manufacturer. Example, say you wanted a Camry, Toyota actually sets what the lease is going to work out to, the only thing a dealership can do to change the payment is work with you on what they are going to sell the vehicle for. Other banks have programs too, ask the dealership if there is a competing bank with a better program. Typically you will find a wide range when leasing a vehicle. You may find that you can get a more expensive car less per month than what you leased your Mazda for, it all works out simply by incentives. Remember, when you lease though, you are pretty much set into that payment for the contract terms. It is very hard to get out of a lease. Good luck, hope this helps.More Questions & Answers ...
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