Financing at Dave Smith Motors

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Leasing

As the cost of vehicles continues to escalate, we here at Dave Smith Motors have found a way to give you the monthly payment you desire and still drive the new vehicle of your choice. Lease it!

Advantages to Leasing

Lower Monthly Payments and Low Down Payment.
Payments on a lease are less expensive than financing because you are only paying for the depreciation, which is the difference between the price of the vehicle and the residual value.
Upside Down
Never have to worry about being upside down where the value of the vehicle is less than the amount owed.
Always have a payment
For most people, a car payment is like a house payment. You will always have one so why not be driving a new vehicle of your choice every 3 years
Asset sense
You should buy items that appreciate and lease items that depreciate. For example, most people would not be too excited about buying stock for $30,000 if they knew that it would only be worth $15,000 in 4 years.
Low Risk
A bank or lease company is assuming the total risk of what the vehicle will be worth in the future
Flexibility
You do not give up the option of owning the vehicle, you just postpone it. This gives you time to make sure this is the vehicle for you. This makes great sense with advances in technology that have the potential to make your vehicle outdated
High Mileage
Drivers can benefit by applying for extra miles up front at a reduced price. The auto industry deducts 23 - 30 cents per mile over your mileage limit when trading in a vehicle
Win! Win!
In many instances, the residual value is comfortably high resulting in lower monthly payments. At the end of the lease, the lease company absorbs the loss, not you
Warranty
The short-term lease leaves you covered under your factory warranty, allowing you to be worry-free about unexpected repair bills
Get a nicer vehicle
High residuals allow you to lease a $5,000 - $10,000 more expensive vehicle for about the same payment as financing
Tax Savings
In states with sales tax, you only pay tax on your monthly payment, not on the whole vehicle. And in some cases, the entire lease payment may be tax deductible. Consult your accountant for more information

Your Options at the end of your lease

Return it to the bank and pay only a small disposition fee
Sell the vehicle and keep any amount over the residual
Trade it in on a new vehicle
Buy the vehicle for the residual amount

Lease Terminology

Cap Cost the purchase price of the vehicle plus the acquisition fee
Acquisition Fee a fee charged by the lender for doing the lease
Cap Cost Reductions any trade equity, cash or rebates used as a down payment to reduce the cost of the vehicle
Residual a predetermined estimate of the market value of a vehicle at the end of the lease term

Call Dave Smith Motors today at 1-800-635-8000

We cannot sell any NEW vehicle for Export or Resale.

All home loans subject to credit approval. Rates may vary according to market conditions, deal structure and customer credit worthiness.

All subject to prior sale. Vehicle Identification numbers posted in dealership and are available upon n request. Not responsible for typographical errors. Prices/payments are plus tax, license & $50.00 Dealer Documentation fee. File photos, not actual photos. Limit 1 per customer or up to dealer discretion. No sales to dealers, brokers or anyone who buys for the sole purpose of resale or export sales. Rebates as of 01/05/09 please call for current rebates. *Must be a Farm Bureau member 45 days prior to purchase. The customer choice to buy without the Hassle of Negotiating. **Military Rebate, must show proof of active or active reserve status and finance thru Chrysler Financial. Chrysler, Jeep and Dodge are registered trademarks of Dealer Chrysler Corporation. All Dodge rebates are zone specific, see dealer for details. Manufacturer retains the right to change incentives without notice, see dealer. Other restrictions apply. Call 1-800-635-8000 or see your dealer for details.