Parade Leasing provides long term consumer and commercial leases for new or used cars, trucks and equipment. Whether you find the vehicle or piece of equipment yourself or ask us to locate it, we will buy it and lease it to you.
When you lease a vehicle you are basically renting it. Leasing is advantageous because you get a more expensive, better-equipped vehicle for your money and a new vehicle every three or four years.
Because you are not buying the vehicle, it frees up your cash for other purchases or investments.
The lease payment is based on the difference between the new vehicle cost and the expected value at the end of the lease (known as the residual value). Vehicles that hold their resale values will be less expensive to lease compared to vehicles that depreciate faster. In other words, you are paying only for a portion of the vehicle’s cost which is the fraction you consume during the time you are driving it (known as the lease period or term).
At the end of the lease, depending what kind of lease you choose, you can purchase the vehicle or give us back the keys. Of course, we can find you a new vehicle or if you are happy with the one you have we can extend the lease for a longer period. We can also re-lease your vehicle to another family member, friend or colleague at work.
Lease financing is perfect for leasing equipment which holds its market value and that you are certain to buy at lease end.
Fast and easy are words that are used to describe Parade’s leasing services.
