Clips From Our Newsletter

Just Look At Those Super Low Lease Ads...Carefully!

Almost half of all new cars today are leased. Ads touting GREAT LEASE RATES appear everywhere. But, like anything that's too good to be true, those ads are fiction, not fact. Most of those great lease rates are based on the lowest per year mileage factors, 10,000 miles and sometimes less. Or, big money up-front for cap reduction. The whole idea behind leasing is not to pay up-front. So who are they kidding? Too many people…who get rushed into a deal and end up paying down payments, bank fees, acquisition fees, or administration fees. No matter what they're called they're designed to reduce the capitalized cost of the lease.

And, Be Careful About The Mileage. Huge excess mileage at the end of a great lease is a great, big problem. We've seen some killers. If you drive a car 20,000 miles a year then make certain your lease is written that way. If you drive 15,000 miles, use that number for your lease. But, never try to beat the system by getting a 10,000 mile lease and driving 18,000 or 20,000 miles. That overage will cost you dearly at 8 to 15 cents a mile. You're usually better off working as close to your anticipated mileage as possible.

Here's How We Can Help You. We'll rate your lease based on the best mileage numbers for your needs, not the dealers. We'll guide you through the process so there are no surprises, no funny business. If you like, we'll give you options on cap reduction so you can see the differences clearly.

Most lease customers who lease from a dealer —don't lease their next car from that dealer. McGoldrick Leasing customers are long-time customers, who come back to us car after car. There's a reason. They know they get the car they want at a rate that's great. And, that's a fact!

How Many Banks Are Left?

We're not about to venture a guess but we can be sure that since we wrote this article there are several fewer. One of the concerns to us in the leasing business is the reduction in the number of financing sources available to our customers and the competitive rates that we have always been able to attract due to our volume and years of experience. Locally there just aren't that many sources any longer.

That's why we recently installed new computers and software package that gives us access to over 2,000 banks daily rates and financing incentives. To our knowledge we are the only auto, truck and equipment leasing company in this region with access to this national system.

Let McGoldrick Leasing Conduct A National Search For Attractive Rates.

For our customers it means we can offer the most attractive, most up-to-date lease packages, based on the most attractive interest rates wherever in the country they presently exist. All 2,000 plus banks will work with us to put their best rate forward. Most area automotive dealers have one, two, or at best a handful of local and regional bank sources and a single national manufacturer credit source. For the most part, local rates are very close. but, when you investigate nationally, the varying rates and incentives are much broader.

We call it “A-RATES”, and we’d be happy to search nationally for the most attractive lease rates for your next auto, truck or equipment lease needs. Chances are we'll find several “A-RATES” that will beat locally available interest rates. There's no charge to you. It's part of our service for every customer of McGoldrick Leasing Co.

Longevity Is Our Strong-Suit

It was pointed out to us recently that McGoldrick Leasing is a bit different from most leasing companies. Our group of sales professional has staying power. As a good customer pointed out to us,"most auto lease sales people stay a few years, then move on to another place." We on the other-hand maintain the same sales and service staff year after year, even aside from family. Here's how it adds up for us: