Even with all the perks of a Jaguar lease, many drivers are hesitant to lease because they don’t understand the process. However, it’s actually a relatively simple process, once you understand how it works. We’ve put together a helpful guide at Jaguar Bellevue to help you shop confidently.
Acquisition Fee
A fee that you’ll owe to cover the cost of arranging your lease.
Adjusted (or Net) Capitalized Cost
This is the total amount your payments are based on, which includes your vehicle’s total cost and fees.
Capitalized Cost Reduction
The amount that you pay upfront, which is similar to a down payment.
Closed-End Lease
If your vehicle ends up being worth less than its original residual value, you won’t owe the difference with a closed-end lease.
Disposition Fee
This covers the cost of preparing and selling your vehicle once your lease is up.
GAP Insurance
GAP insurance is Guaranteed Asset Protection coverage. If you total your vehicle and owe more on your vehicle than it’s worth, GAP insurance will cover the difference.
Money Factor
The money factor is similar to an interest rate on a loan. It’s the direct fee you owe your lessor and is typically displayed as a decimal.
Open-End Lease
If your vehicle ends up being worth less than its predetermined residual value, you’ll be responsible for paying the difference at the end of an open-ended lease.
Residual Value
This is your vehicle’s projected value at the end of your lease, which is estimated when you first sign your lease.
Secure a New Jaguar Lease in Bellevue, WA Near Seattle
Even if you still have questions, there’s no need to dread the leasing process. Our team is committed to helping you every step of the way. Visit Jaguar Bellevue to secure a new Jaguar lease today!