The Car and Truck Fleet and Leasing Management Magazine

LeaseCompare.com Now Lets Consumers Choose a Vehicle Based on Their Desired Lease Payment

June 10, 2004

Automobile Consumer Services, Inc. (ACS), a leader in online, direct-to-consumer auto leasing, has added a new service to its www.LeaseCompare.com Web site. Visitors can enter a monthly payment range and instantly view a listing of new vehicles they can lease for that payment. Tarry Shebesta, president of ACS, explains, "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. The Nissan Maxima sells for $3500 more than a Pontiac Grand Prix but the payments are within a few dollars of each other. Leasing takes into account the vehicle's residual value (projected market value at the end of the lease). Vehicles with a higher residual value tend to provide a lower monthly lease payment. Many people are surprised to learn that certain vehicles can be affordable when leased." By changing the payment range, term, credit score, miles per year, and down payment, a new vehicle listing instantly becomes available. This new "Compare by Payments" option can be found on the company’s home page. 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.
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