Category Archives: Automotive dealers

Leasing a Car vs. Buying a Car: When Should You Lease?

Can’t decide whether you should lease or buy your next vehicle? Don’t worry because you are just one of many people who contemplate this purchase decision on a daily basis in the United States. Just as kids and teenagers should be taught in school how to open a checking account, how to responsibly use a credit card, what to do to improve their credit history, how to change a flat tire, why you don’t wash your neon yellow shirt with your white Polo golf shirt, someone who has molded your mind thus far in life should have explained the differences between leasing and purchasing an automobile. Moreover, you need to fully understand what type of impact each could have on your daily life financially and logistically.

If you haven’t come to this conclusion as of yet, let me be blunt…Leasing a car versus buying a vehicle is very different. Buying or leasing a car boils down to two basic things; the person, primarily their driving habits, and the financial situation. When you weigh these two aspects against one another, the advantages and disadvantages of both choices will become evident and ultimately place you in the appropriate purchase bucket for you.

If you are an individual who intends to have the same vehicle for an extended period of time, let’s say a Nissan sedan, and prefer more flexibility when the time comes to sell the vehicle, buying a Nissan is the choice for you. On the flip side, if you desire to drive a new vehicle every two years or 36 months (these are two standard time frames to lease a vehicle for), the best financial decision for you is to lease your car. Here is a fun fact as you consider this point; a typical car lease lasts half the time of a typical car loan. Once the lease is up, you can move on to your next cool ride.

Another factor that may place you in the leasing bucket is whether or not your vehicle of choice is out of your price range. Reason being, leasing a car is best understood by the masses when compared to renting a shore house for the summer. Thus, you are only paying for the time and use (mileage) of the vehicle for the given and agreed upon lease term. By not buying the whole car, you will lower your monthly payments by 30% to 60% when leasing. You are only paying for a portion of the car and as a result your monthly payment is lower compared to your monthly payment when financing the vehicle and being responsible for the entire car regardless if you drive it for two years or 15 years. Plus, you pay sales tax only on the portion of the car you finance. To be exact, you finance the cost of the depreciation of the car while you’re driving it…that is your lease payment.

Furthermore, leasing has another financial aspect making leasing a better choice relative to buying a new car — like the fact that up-front out-of-pocket expenses are generally lower. For example, the down payment is usually low, and sometimes nonexistent. Have you ever heard the term “Sign and Drive”? This commonly used term in the auto industry simply means that you put no money down, sign the lease agreement and drive off into the sunset. Not only are monthly payments much lower than loan payments, leases are often easier to obtain than a loan.

Are you too busy to worry about the wear and tear of what will most likely be the second largest purchase you ever make in your life? It’s okay if you are because most Americans dread the chore and cost of maintaining their vehicle. When leasing a vehicle, the lease terms already include the wear and tear on the vehicle as well as the specific mileage so you never have to worry about anything aside from the rare $19.99 oil change every 6 months or so (really depends on the amount of miles between oil changes). Plus, some leases can include the cost of basic vehicle maintenance. To put this into concrete numbers, leasing saves the average car owner up to $1,200 a year on repair and maintenance fees. Eliminating the financial headaches of depreciation and mechanical problems are two driving forces that push people into leasing because knowing that your only responsibility is returning the car to the dealer at the end of the lease is gratifying in its own right. Keep in mind that you have also erased the headache of negotiating the value of your trade-in at the end of your lease because you don’t have one. You just drop it off at the dealer with the keys!

The length of a lease or ownership can be looked at from a number of different angles, and once again, comes down to your personal life. In a six year period, you could have leased two different vehicles or owned a single one. Looking at this from one of two ways, either you would have to return and repay for a new vehicle, or you have been given the opportunity to choose an entirely new model.

Those who plan on keeping a vehicle long term will benefit financially once the vehicle is paid off, avoiding the need to repay down payments and never ending monthly lease payments. Also, going beyond the pride in ownership, buyers will be able to customize the vehicle however they like, and sell it wherever and whenever they please. Did you know consumers in the USA on average spend $700 on vehicle modifications? Individuals who decide upon leasing will not have this luxury; however, depending on the purchase, some businesses consider a car lease a tax write-off.

Depending on your financial situation and priorities behind choosing a new car, we recommend you speak with our experts here at Windsor Nissan in East Windsor, NJ, who will be able to further help you weigh the options and make a decision you feel happy and secure with. To be honest, most people do not lease, or even consider leasing as an option, because lease contracts are confusing and Americans do not like to admit what they do not know. Hopefully, this article eliminates this bullet point since you should be far more educated than the average consumer upon reading this.

As the debate continues, a recurring theme that weighs on the decision to buy a car is flexibility. Mileage limits are not a problem so if you wake up on Wednesday morning and decide that you want to drive across the country, it is your car so you can do as you please. Plus, if you are committed to a lease and your driving needs change…tough luck. It is costly to terminate a lease early.

After buying a car, you can add the vehicle as an asset to your personal balance sheet because again, you own the car. Remember you are more or less borrowing the leased vehicle from the leasing company who is the true owner of the car. Many people view actual ownership of the vehicle as an important advantage because it can be more economical over the long run as you build equity in the vehicle over time.

While leasing may appear to be the best bang for your buck, especially if you avoid extra mileage fees, there are extra expenses with a lease that you must be aware of. Insurance rates are usually higher for leased vehicles since lease coverage may include gap insurance, which pays off what is still owed on the lease in the event the car is totaled. And, by returning your leased car every three years (really whatever your lease term is), if you lease a car that requires a down payment, that expense will come out of your pocket each time you get a new lease. Plus, each time you turn in your old car for a new one, there are added fees like doc, motor vehicle, NJ tire tax, etc..

Now consider the person who purchases or finances a car. At the end of five years of car payments, the car now belongs to him or her. Five years was the standard finance length for Americans, but leading up to the financial meltdown, many consumers were entering lengthier car loan terms along the lines of 72 and even 84 months. The pendulum has swung back in the other direction as many bank institutions prefer 60 month loan terms and therefore make extended term options so costly that most pass and agree to a 60 month car loan term. It might not have much value on the open market, but if you’re willing to drive it for several more years, it becomes nearly free transportation until the wheels fall off.

To put an end to this debate, here are the basic nuts and bolts in summary. Leasing makes it easier, and/or possible, to get more car for less money. You are essentially paying, “renting”, for a portion of the car, instead of buying the entire automobile. So, like many things, leasing looks great in the short run. However, if you really pencil the dollars and cents and you take the long view of economics, you will see that leasing will eventually be more expensive. It is more costly because once you begin leasing, there is a very high likelihood that you will continue to do so forever. Auto manufacturers’ and car dealers often entice leasing customers with private lease pull ahead offers that enable the lessee to return their vehicle 3 months early with no penalty and get into a brand new model. And by the way, this is a great offer and there is no reason not to take advantage of it; you would be silly not to. But, this means you will always have a car payment and never own anything.

Ultimately, leasing isn’t only a dollars-and-cents question — it’s about personal tastes and priorities. Whether you choose to lease a car or buy a new car, you must educate yourself so that you can negotiate a great price at the dealership either way.

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Windsor Nissan has announced a Historic 3 Day $990 Sale

Biggest Sale in Windsor’s 20 Year History

East Windsor, NJ – General Manager Michael Maguire has announced a $990 Pre-Owned Vehicle Sale on Friday, October 25th at 9:15AM and ends on Monday October 28th at 9PM.

This sale is taking place at Windsor Nissan 590 US 130 East Windsor NJ, just minutes from Route, I-95 and Route 1. Registration starts at 9:00AM. Vehicles will be clearly marked, so come early for the best selection.

This is a one-of-a-kind, three day only sale designed to get the local community driving again. According to General Manager Michael Maguire “We are helping those people that just can’t afford a car right now.”

Windsor Nissan’s pre-owned inventory levels need to be reduced to make room for the arrival of additional 2014 Nissan models. As a result, Windsor Nissan is selling these additional pre-owned vehicles to the public at drastic discounts in an attempt to help its core customers get back on the road. These are the regular folks who are feeling this economic downturn the hardest.

Windsor Nissan believes that reviving the economy starts at home, and that changing things locally will lead to changing things nationally.

In addition to Windsor Nissan’s extra inventory, additional vehicles have been acquired at incredible prices from various banks, repossession companies, auto auctions, credit unions, lease companies, and rental companies for this sale.

The $990 Pre-Owned Vehicle Sale will make vehicles available at low prices that are not normally offered to the general public. According to Mr. Maguire, “We want to give our customers a reason to believe in the local economy again. Someone’s got to look out for their best interests.”

Customers are encouraged to arrive as early as 9:00AM. Every vehicle will be cleaned, detailed, and fully prepared for instant delivery. At 9:15AM, Michael Maguire and his team will mark the special sale price on each and every vehicle.

And because Windsor Nissan customers are feeling the credit crunch right now, Mr. Maguire has given the dealership’s financing manager the resources necessary to get most customers’ credit approved on the spot. This means that customers with “less than perfect” credit history can have their credit approved and drive a quality pre-owned car, truck, van or SUV home. Even if a customer’s credit report shows a bankruptcy, divorce, tax lien, slow payment history, missed payment, or repossession, or if a customer is a first time buyer, Windsor Nissan will accept all applications.

This special, THREE DAY ONLY $990 Pre-Owned Vehicle Sale will be held in East Windsor on Friday, October 25th at 9:15AM and end on Monday, October 28th at 9PM.

Customers are encouraged to register as early as 9:00AM. Incredible sale prices, starting as low as $990, will be posted no later than 9:15AM. All vehicles will be sold on a first come, first serve basis. Windsor Nissan is expecting a high volume of customers for this sale, so be sure to reserve your spot early.

Customers wishing to trade in a vehicle are asked to bring their title or payment book for immediate delivery. Windsor Nissan will even pay off your trade-in in full, no matter how much you still owe on it. Negative equity will carry forward. Most of these surplus pre-owned vehicles will get sent directly to auto auctions for liquidation. So, if anyone has been thinking about purchasing a good, clean, dependable pre-owned car, truck, van or sport utility vehicle, do not miss this special one day only sale.

For more information about this sale at the Windsor Nissan, please contact them at: 1-800-884-3816

590 US 130, East Windsor, NJ 08520
1-800-884-3816
We Speak Spanish

www.windsornissan.com

General Motors Co. to payback the US and Canadian Governments Loans.

US auto giant General Motors has officially announced the repayment of its $5.8 Billion loan by the end of June ‘10. The loan is from the U.S Treasury and Export Development Canada, both of which currently hold Equity Shares in the company.

 

The company that emerged from bankruptcy in July 2009 also stated that once the repayments are complete “the focus will be to upgrade the plants in Detroit and Kansas to build their Next Generation- Chevrolet Malibu.”

The news of the repayment was made on the Wall Street Journal website on Tuesday April 20th by the CEO of GM, Ed Whitacre, as he announced “Our ability to pay back these loans less than a year after emerging from bankruptcy is a sign that our plan for building a new GM is working.”

The Detroit- Hamtramck and Kansan City factories will be updated with an investment of $ 275 million. The update will enable the plants to manufacture the Next Generation Malibu slated for release next year. On Wednesday, Mr.Whitacre addressing the Kansas City plant said that it will receive $136 million of the investment as the plant will be the prime manufacturing site for the Malibu.

As per the Automotive News Data Center, the new Chevy Malibu has a 53 day supply and Buick LaCrosse a 43 day supply, and the Kansas plant is working 3 shifts and on Saturdays to build both the cars which began production in April to maintain a 60 Day supply level as recommended by analysts.

The Buick Lucerne and Cadillac DTS sedans currently being produced at the Detroit Hamtramck plant will be downsized this year to accommodate the production of the Chevrolet Volt plug-in sedan, to be released in the fourth quarter of ’10. The Hamtramck plant investment of $121 will assist in the production of the Malibu in period of spike in demand.

GM Geely competes for limelight @ Beijing auto show

The most awaited and important event on China ‘s automotive calendar is just nearing. The Auto China 2010 will begin Friday, April 12, in Beijing . And almost all the automakers, both domestic and global, have said what they will put on display. And Of course each and everyone of the automakers is vying for its share of the limelight. This may be the toughest contest of the year for the Geely Holdings and General Motors Company. Both of these two companies will display more on their products in the show more than other automakers.

And in detail, Geely Holdings will display almost 39 models of their products and General Motors will display 28 products. They will also show more new models than most other automakers. Geely says it will put 11 all new models on stage at the event. Meanwhile General Motors has announced it will show 6 new models for the first time in front of a Chinese audience.

The General Motors vehicles are Chevy Volt MPV5 concept, the Cadillac Concept, the Cadillac XTS concept, the Chevy Aveo RS concept, the two-box Chevy New Sail and the new Chevy Spark. Last week Geely held an event in Beijing with several company executives taking turns to explain to reporters the long list of new models and power train technologies their company will display at the show. General Motors China convened reporters from across the country in Shanghai for a briefing on its middle and long term growth plans for China .

For sure, Geely Holdings didn’t start making cars until the late of 1990s. So it goes without saying that it still can’t mount serious competition for General Motors. With most of its products selling less than 70,000 yuan ($10,248), the company still confines itself to the low end of the domestic market. This will change very soon. In addition to rolling out more expensive models under its own brand, the private Chinese company wants to launch more Volvo models in China after it completes the purchase of the Swedish brand from Ford Motor Co in the third quarter.

With a brand that is now a byword for excellence in safety in its stable, Geely holdings should become a rival to reckon with for global players including General Motors.

A $3,000 car?! No Way!

Well, the car really isn’t advertised in dollars, but rather in Indian Rupees (Rp132,750 to be exact)! Nissan has announced it’s plan to produce three cars, over the next few years, that will rival the Tata Nano (which sells for $2,500), in India.  The first vehicle will be the Micra Compact, and, by the year 2013, all three new models, plus three imported Nissan models, will be on the Indian market and Nissan plans to sell around 100,000 units a year (which is a BIG step up from the 360 units that were sold this past year)!

Personally, I know that I can not wait to take a look at this car after its production; hopefully Nissan will have a model here in the states for us to take a look at!

Renault-Nissan Alliance & Daimler: A Strategic Cooperation

Okay, so here is the skinny: the Renault-Nissan Alliance and Daimler AG are combining forces to craft an ultimate strategic cooperation. The Renault-Nissan Alliance is already the most successful partnership in the automotive industry with revenues over 86.5 billion Euros in 2009, a footprint in over 190 countries, and an employment of over 350,000 people world-wide. And Daimler is just as successful in the automotive industry, as well as a huge player in the financial sector. But despite each company’s individual achievements, they both found an advantage out of partnering-up: “Daimler and the Renault-Nissan Alliance are combining common interests to form a promising foundation for a successful, strategically sound cooperation that is based on a number of very concrete and attractive project cooperations. Our skills complement each other very well. Right away we are strengthening our competitiveness in the small and compact car segment and are reducing our CO2 footprint – both on a long-term basis. We know that we can make brand-typical products based on shared architectures. The individual brand identities will remain unaffected.”, said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars.

The cooperation will highlight the following four projects:

  • New common architecture for small vehicles
    • The launches for the jointly developed models will take place in 2013.
  • Powertrains
    • Both are going to focus on sharing each other’s highly fuel-efficient, diesel and gasoline engines.
  • Collaboration on light vehicles
    • Mercedes-Benz Vans will add a new entry-level vehicle in 2012 that will produced at the Renault plant in Maubeuge, France. Both companies will benefit from higher sales, more efficient capacity utilization, and a joint investment burden – which will result in a healthier overall cost basis.
  • Equity exchanges
    • The companies are going to exchange, benchmark and create synergies from their one-time cross-shareholding structure. Daimler will get 3.1% of Renault’s newly issued shares and 3.1% of Nissan’s existing shares; and Renault and Nissan will both receive 1.55% of Daimler’s shares.

After all is said, the main goal of this cooperation is to: “…create lasting value for the Renault-Nissan Alliance and Daimler as we work on broadening and strengthening our product offering, efficiently utilizing all available resources and developing the innovative technologies required in the coming decade.” – Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance.

Calling All Indy 500 Fans!

For all of you who have been patiently waiting for the past 16 years, I would just like to say: Wooo-Hooo! For only the fourth time in history, Chevy is building a replica of the Camaro Indianapolis 500 Pace Car. All of the features found on the top-of-the-line Camaro SS can be found on the limited edition, and the limited edition will also include some of the features exclusive to the actual pace car driven by Robin Roberts this Indianapolis 500. Some more details on the car include:

  • 400 hp 6.2L V-8
  • Six-speed automatic transmission w/ remote start
  • Full body decal rally stripes in White Pearl
  • Inferno Orange heritage front grille
  • 20-inch polished aluminum wheels
  • 2010 Indianapolis 500 event logo decal on both doors and embroidered on driver and passenger headrests
  • 2010 Indianapolis 500 event logo badges on front fenders

*I have attached some photos of the car to the bottom of this post for you to take a look at!*

Only 200 Camaro Indianapolis 500 Pace Cars will be built, so if you have been patiently waiting to get your hands on one, I would hurry! The price will come in around $41,950, and a list of dealers selling this car can be found at: Camaro Indy 500 Pace Car Dealers

Remember to watch out for the Indy 500 race on May 30th!

Nissan Juke, Nissan Juke, Nissan Juke!

Beep-Beep! Watch out, everyone, the 2011 Nissan Juke is heading your way!

The Juke, a production model of Nissan’s Qazana that was showcased at the 2009 Geneva auto show, is a vehicle aimed at, “the attention-seeker, aggressive kind of guy,” says Larry Dominique, Nissan’s U.S. product planning chief. It is not your typical kind of family SUV. The center consol is designed to look like a gasoline tank of a motorcycle (with a dashboard that changes color!), and the exterior has extreme curves with a coupelike roofline.

 The Juke is powered by 1.6-liter, tubocharged four-cylindaer engine, producing 180 horsepower and 180 pound-feet of torque. All wheel drive is available, as well as a six-speed manual. The Juke’s selling price will be under $20,000, sitting right below the Rogue.

I have added some photos of the Juke for you to take a look at. Also, go to the Juke’s  interactive website to check out all of its specs and see a 360 degree view!

How to Reserve Your Very Own Nissan LEAF!

As the arrival of Nissan’s electric car, the LEAF, approaches, many people are concerned about how to get their hands on one. We all know that there is a reservation process that needs to be done in order to purchase one, but just how does one go about doing that? Well, I am here to tell you to worry no more! I am going to explain all of the tips and tricks to reserve your space in line!

First and Foremost: Reservations are open to the public on May 15th, 2010.

Step #1: To being your Nissan LEAF Customer Journey Reservation Process, you need to go onto the Nissan LEAF website, http://www.nissausa.com/leaf-electric-car, to create an account.

Step #2: You need to complete the New Driver Snapshot (everything about this will be explained on the website)

Step #3: Create and configure your very own Nissan LEAF in the New Driver Snapshot

Step #4: Lock in your reservation through a reservation fee, which will be found on the reservation payment page

Things to remember:

1 – You can only place a reservation on the LEAF if you have created an account on the Nissan LEAF website.

2 – There is only one reservation per customer! If you try to create more than one entry, your name will be removed from the system. Similarly, only one reservation per address will be accepted.

3 – Reservations are meant to be solely for the individual reserving the LEAF. The reservation can not be transferred, traded, assigned, or sold.

4 – Nissan reserves the right to cancel any reservation that does not comply with the procedures outlined above.

Stop by Windsor Nissan for more information and details on how to reserve your very own Nissan LEAF!

2011 Chevy Cruze Eco

General Motors unveiled the Chevrolet Cruze ECO at New York Auto Show. The Chevrolet Cruze ECO is a high-efficiency model which is powered by a 1.4-liter Ecotec turbocharged engine equipped with variable valve timing that’s coupled with a six-speed manual transmission. A six-speed automatic will also be offered as an option. The company estimates the Chevrolet Cruze ECO will give a 40 mpg fuel consumption on the highway.

The Chevrolet Cruze ECO comes with a lower front grille air shutter that closes at high speeds to improve aerodynamics and a lower front air dam extension. The Chevrolet Cruze ECO also features a lowered ride height, 17-inch lightweight aluminum wheels and ultra-low rolling resistance 17-inch Goodyear tires.

The Eco achieves greater fuel economy using a number of features that enhance its aerodynamics, minimize weight and reduce rolling resistance. The Chevrolet says the Cruze ECO will accelerate from 0 to 60 mph in just 10 seconds with the manual gearbox and in 0 to 60mph in just 9 seconds with the automatic gearbox.

Also debuting in New York will be a sporty variant of the Cruze, the RS model, which is essentially a styling package. It will be available on the upscale Cruze LT and LTZ trim levels. It features special bumpers, side skirt,  a rear spoiler and an instrument cluster with chrome accent rings.

The Chevrolet Cruze ECO price and availability will be announced at a later date and the Cruze Eco will be available in the fourth quarter of 2010.

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