Martes Auto seeks to simplify the leasing process by handling every aspect of it for you! No need to go back and forth with an unscrupulous car salesman that only desires to maximize the amount of profit they make off of you. Instead, Martes Auto functions as a representative of yours to get you the absolute best deal possible. At the end of the process, we will deliver the car to you at your door step!

For those of you that aren’t familiar with leasing, here is a simple explanation:

The basic allure of leasing a car is that you don’t have to pay for or finance the entire cost of a vehicle. You’re simply paying for the use of that vehicle for a specific period, often two or three years or as long as five or six years. It’s not exactly renting, but the principle is similar. Evaluating a lease is a matter of basic arithmetic. You need to consider four factors:

  • Total initial payment, including Capital Cost Reduction (down payment) and any extra fees
  • Amount of each monthly payment
  • Number of months in lease terms
  • Possible additional charges at the end of the lease

With a lease, your monthly payment is based on the difference between the vehicle’s transaction price (its “capitalized cost”) and what it’s estimated to be worth at the end of the lease term (the “residual value”). This difference is financed at a particular rate of interest (which may be called a “lease rate,” “lease charge,” or “money factor”).

Typically, your down payment and monthly charges will be lower with a leased vehicle than one purchased outright. That’s why you can usually obtain a better vehicle for the same cash you put down. You might need nothing more to secure a lease than the first month’s payment and a security deposit, which is usually about one monthly payment. Details vary sharply, though. Many lease deals require a substantial down payment and possible additional charges.

Nothing affects lease terms more than your credit score. The alluring terms seen on TV commercials are available only to customers with a top-notch credit history. So-so credit means a bigger down payment and/or higher monthly payments. Poor credit generally means no lease at all.

In any case, when the lease period is up, you simply return the vehicle to a dealer without having to worry about a trade-in or selling it to a private party. Provided that the vehicle is returned in good condition, you owe nothing more; but you own nothing, either. Most leases give you the option of purchasing the vehicle at the end of the contract at a predetermined price. If you really like the car, that’s a possibility. However, this is often more expensive over time than buying it outright.


Click above to download the Martes Auto credit application!