Friday, March 12, 2010
Nick, I heard you changed to "Lease Here Pay Here." What's that about?
West Valley Auto Plaza has upgraded our Buy Here Pay Here program to Lease Here Pay Here. After attending several conferences where Buy Here Pay Here dealers get together we realized that this was a must do for our customers and here's why... There are two big differences between Lease Here & Buy Here Pay Here for our customers:
First, when you buy a car in Utah you must pay almost 7% state sales tax up front before the vehicle can even be registered. This means between tax and licensing we have to collect about $1000 from a customer just to get the car licensed. That means you are not lowering the amount you are financing even a penny with your $1000 down payment, but now we are set up for leasing! Leasing has been reserved for customers with the highest credit scores for decades UNTIL NOW! When you lease a vehicle you don't pay sales tax upfront. You only pay tax on your monthly payment. Folks, this is awesome!
Second, with leasing your interest is broken up evenly over the 2-3 year loan instead of the standard principle and interest setup we're all used to where you pay almost entirely interest during the first half of your loan. This means where most of our customers only keep their car for an average of 18 months they will be able to trade it in easier because they will have more of the balance paid off.
Folks, the new Lease Here Pay Here program allows our customers to get into a newer/nicer vehicle than ever before with less down payment due to tax savings and you still get a 12 month warranty and MONTHLY credit reporting to rebuild your credit. Call us right away and let us show you why we've been able to keep our customers happy for over 10 years now and we won't jerk you around!
www.BeenJerkedAround.com
www.WestValleyAutoPlaza.com
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