Consumers Can Choose a Lease Payment and See What Matches - Low Resale Cars Cost More To Lease
CINCINNATI--June 9, 2004--Automobile Consumer Services, Inc. (ACS), the leader in online, direct-to-consumer auto leasing, has added a new service to its popular www.LeaseCompare.com website. Visitors can enter a monthly payment range and instantly see a list of new vehicles they can lease for that payment.For example, here is a list of ten 2004 model sedans that can be leased with a payment in the range of $400-500 per month for 48 months:
Monthly Purchase End of Payment Price(a) Lease Value Vehicle =========================================================== $429 $31,155 $15,802 Lexus ES 330 $431 $28,347 $12,342 Volkswagen Passat GLX $432 $32,215 $16,920 Infiniti G35 $439 $29,972 $13,846 Nissan Maxima 3.5 SL $442 $26,403 $ 9,403 Pontiac Grand Prix GTP $455 $31,829 $15,270 Acura 3.2 TL $461 $24,522 $ 6,113 Ford Taurus SEL $469 $30,785 $13,238 Chrysler 300 Limited $485 $34,356 $16,718 BMW 325i $494 $33,773 $15,545 Mercedes Benz C230 (a) Note: Purchase price is based on Edmunds.com True Market Values for a typically equipped vehicle and does not include applicable rebates or local sales tax.
Tarry Shebesta, president of ACS, explains, "Even though the Lexus ES 330 has a purchase price that is almost $7,000 more than the Taurus, the monthly payment is $32 less. The Nissan Maxima sells for $3500 more than a Pontiac Grand Prix but the payments are within a few dollars of each other. Leasing takes into account the vehicle's Residual Value (projected market value at the end of the lease). Vehicles with a higher residual value tend to provide a lower monthly lease payment. Many people are surprised to learn that certain vehicles can be affordable when leased."
By changing the payment range, term, credit score, miles per year and down payment, a new list of vehicles instantly becomes available. This tool saves the consumer a great deal of time shopping and is perfect for those on a monthly budget.
This new "Compare by Payments" option can be found on the www.LeaseCompare.com home page. Those interested in using this new service should note that quotes provided are real lease payments. A customer selects a vehicle from the list and applies for credit. With credit approval, ACS secures the vehicle for the selected payment, prepares the paperwork and arranges for delivery.
About Automobile Consumer Services, Inc. (www.acscorp.com)
Based in Cincinnati, Automobile Consumer Services, Inc. (ACS) is a leading provider of consumer automotive services, including car buying and leasing, fleet resources, vehicle remarketing, and used vehicle sales.
Founded in 1989, ACS's mission is to provide services that enhance the experience of buying or leasing a car. ACS achieves this by leading the industry with innovative proprietary technology, superior customer service, and years of industry experience.
Edmunds.com True Market Value(R) is a registered trademark of Edmunds.com, Inc.