Open-Ended Lease

A rental agreement that obligates the lessee to make a balloon payment at the end of the lease agreement amounting to the difference between the residual and fair market value of the asset.

Closed-Ended Lease

An agreement where there is not obligation to purchase at the end of the leasing term. (John Hinderer CDJR offers this leasing benefit to our clients)

Leasing Terms

• Guaranteed Future Value - (Residual – The guaranteed amount you can purchase your vehicle for at lease end)
• Monthly Investments - The amount paid for the leased vehicle each month
• Inception Fees - 1st payment, titling/registration fees, acquisition fee, license fee
• Capital Cost - Total cost of the lease
• Cap Cost Reduction – Down payment, rebates & incentives, trade equity, and any additional money applied toward the lease
• Money Factor – This number is used in place of an interest rate and is part of the calculation for a lease
• Disposition Fee - Lease end termination fee, typically $350, which may be waived depending on end of lease choices

Advantages to Leasing

• Not investing in a depreciating asset
• Lower monthly payment investments (40% less than buying)
• Lower initial investment
• Reduced tax obligations in most cases
• Only taxed on what you use of the vehicle
• Under Warranty for 36 months
• Shorter ownership, new vehicle every 3 years

End of Lease Options

• Buy out the lease
• Trade the leased vehicle
• Sell the leased vehicle
• Turn in the vehicle

For questions, please call the dealership at 740-674-3472

Customer pricing notice:

Pay With Cash Or A Debit Card And Save!

To Cover The Cost Of Credit Card Acceptance, Your Receipt Now Includes A Credit Card Service Fee.

Debit Cards: No Fee! Credit Cards: 2.75%