Automobile Consumer Services, Inc. a company that provides direct-to-consumer auto leasing, has added a new service to its Web site, www.LeaseCompare.com.
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:
Payment - Purchase Price - Lease Value - Vehicle
$429 $31,155 $15,802 Lexus ES 330
$431 $28,347 $12,342 VW 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 300L
$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.
"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,” explains Tarry Shebesta, president of ACS.
The Nissan Maxima sells for $3500 more than a Pontiac Grand Prix but the payments are within a few dollars of each other. That’s because leasing takes into account the vehicle's residual value, the projected market value of the vehicle at the end of the lease. Vehicles with a higher residual value tend to provide a lower monthly lease payment.
By changing the payment range, term, credit score, miles per year and down payment a new list of vehicles can be compared.
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.