The Dodge Nitro is known for its impressive off-road capabilities and solid build. If you are considering a Dodge Nitro car lease, then you should keep the lease term on car wear and tear in mind. To help you in this regard, the British Vehicle Rental and Leasing Association (BVRLA) provides a guide on wear and tear. Order this BVRLA guide before you initiate the lease to get an idea about the ‘fair wear and tear’ term in your Dodge Nitro car lease contract.
Penalty charges at the end of your Dodge lease term make reference to:
- tears, tarnishes, burns and rips in car seats
- scuffs and scratches on paintwork
- dents and chips suffered by the bodywork
- wheel and trim damages
Make sure you get any damage that that exceeds the ‘fair wear and tear’ as mentioned in BVRLA’s guide rectified immediately. As a responsible lessee, take good care of your Nitro just as much as you enjoy taking it off the beaten track. For an assessment of the damages sustained and to remove stains and odours from your Nitro, you can enlist the help of a company offering such services. A quick repair and servicing is a good idea to prevent further damage and out of pocket expenses.
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Car leasing is different from renting a car. While lease terms can be anywhere from 24 months to 60 months, rentals are usually for a short term, lasting a day, a week or a couple of weeks. If you want to acquire a sleek sedan such as the Avenger without buying it, then you can go for a Dodge Avenger car lease. On the other hand, if you need a sedan to show visiting relatives around town, you can rent an Avenger.
Unlike car leasing, a car rental is not a financing option. Cars are rented by businesses, individuals and mostly vacationers, from rental companies. Such cars are meant for temporary use only. The rented car is maintained and serviced by the rental company. Filling up the vehicle and associated fuel costs is the customer’s responsibility. The rental agreement will also expect the customer to take care of any damaged caused to the car.
Leasing is a financing option where you have to make monthly payments to the company that has leased you the vehicle. The payments in this case depend on the vehicle’s selling price, the financing rate and the residual value of the leased vehicle at the end of the lease term. These payments are smaller that the monthly loan payments you would have had to make if you took out a car loan to buy the vehicle. This makes a Dodge Avenger car lease a cost effective option for motorists.
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If you are looking to lease a mid-sized SUV like the Dodge Journey, then you should keep its residual value in mind. The value of the vehicle you have leased or purchased depreciates over time. The residual value of a leased car is its estimated value at the end of the lease term. The longer the term of your Dodge Journey car lease, the lower the car’s residual value.
The residual value depends on many factors, including vehicle make and model, lease term, estimated average yearly mileage and the vehicle’s resale history.
As the residual value of your car is only an estimation, the values quoted can change from dealer to dealer. There is no fixed residual price for a vehicle- lease companies use industry sources to set their own residual values. Leasing companies may adjust residual values (up or down) based on risk factors and how competitive they would like to stay.
Your Dodge Journey car lease residual will not be set on the negotiated price but as a percentage of the MSRP. At an MSRP of £20,000 a Dodge Journey with a 50% residual percentage will have an estimated residual value of £10,000 at the end of the lease term.
Finance companies and car manufacturers sometimes advertise the residual values of vehicles in their lease promotions and advertisements. If you don’t have information on the residual value of your leased car, you can ask your dealer.
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If you prefer to lease a Dodge-branded car, then a Dodge SRT 10 car lease is one of the options you can consider. You can even choose to lease a Journey or Avenger, depending on your needs.
If you want to know whether the Dodge Viper SRT 10 Coupe is one of the best sportcars that can be leased, look at its residual value at the end of the Dodge fnance term. This is one of the factors to consider when you lease any type of car.
Remember that the lease payment is lower on a vehicle with a high residual value. If the residual percentage at lease-end over a 36 month term is 50% or greater, then the lease deal can be considered a good one. Of course, you will have to factor in other aspects of the lease deal as well before you opt for one.
The price of the vehicle is also an important factor you should consider. Use industry sources to research vehicle price and the invoice price of the dealer and incentives, if any.
A lower money factor, which is nothing but the interest rate determining your lease payments, can also help you keep costs low. Also see if you can get discounts, incentives or rebates on Dodge SRT 10 Coupe car lease deals.
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Although in theory the Kia company was formed in 1944, it wasn’t until a new car manufacturing plant was completed in 1973 in South Korea, did it start to build motor cars with assistance from Ford. Even then the cars manufactured were branded mainly for Mazda and Ford. It wasn’t until 1994 that the first Kia branded cars were sold in the USA, but in 1997 a finical crisis meant Hyundai bought a huge stake in this struggling company. Since then with huge investment, Kia has changed its fortunes and certainly here in the UK, its reputation has improved with the introduction of the Kia Ceed a few years ago.
Although the USA has been the birth of Kia, it now has a presence around the world, with the Sportage and Sorrento 4×4 vehicles also getting new respect and build quality has improved. The main reason for not buying a Kia was its residual values, meaning you lost more money on value than you gained buying a cheaper new car. In reality, those buying second hand models, got great value for money once depreciation was lost, although this did not not promote new car sale. The newer models are seeing a reverse of this, although not to the levels of other more established motor car brands, ther 7 year warranty has certainly gone a long was to o give assurance to the brand.
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The Dodge motor company is a North American based and was started in 1900 in Detroit the main USA city of car manufacturing. Astonishingly the Dodge brothers who created the company to make trucks both died in 1920, some saying the second brother died of grief of the first, but at this time they had the second largest sale of automobiles in America. By 1927, even with growth Dodge was no 7th in vehicle sales and was then bought by the Chrysler corporation in 1928. Chrysler now is associated with Fiat and so has plans to develop all its brands including Dodge through the Fiat Chrysler alliance.
The force of Dodge still remains in North America and Canada though had delivered some iconic performance machines such as the Dodge Charger and the Dodge Viper, it never has mage a huge impact in European and Asian markets even though they do have a presence there, in fact Dodge vehicles are mage by Chrysler in 60 countries around the world. Certain models in the UK, include the SRT 10, Journey and the Avenger, the UK current Dodge UK website is very poor in range of vehicle, unless you want a used vehicle. The Dodge Caliber and Nitro were taken out of the UK in May 2010 and even the website gives a Fiat head office for contact info. In fact you would question if Dodge still sold new vehicles in the UK, based on website presence.
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This is the start of writing about Midway Dodge and Kia auto stuff, from lease to salvage!