FAQ | AUTO LEASING | BEST CAR LEASE DEALS | LEASE SPECIALS


Lease Dictionary
Lessee - person who has leased the vehicle
Lessor - party who is leasing the vehicle to you. Bank or financial institute of auto manufacturer.
MSRP - Manufacturer's Suggested Retail Price. Dealers will try to base their leases on MSRP or above. We base on invoice or even less.
Term of Lease - length of the lease agreement. Typically from 24 to 48 months. 
Allowable Mileage - number of miles you are allowed to drive per year. Typically from 5.000 to 15.000 miles per year. Monthly payments depends on mileage.
Money due at signing - amount of money you have to pay to begin the lease. Typically includes 1st month payment, title, registration, tag and all fees. If you want to reduce the amount of monthly payment you will need to put down payment.
Residual Value - lessor prediction of what the car will be worth at the end of lease. The higher the residual, the lower your lease payment.
Depreciation - difference between the new car cost and the value of the car at the end of the lease.
Money Factor - interest rate of lease. To convert a money factor to an interest rate, multiply by 2400.
Sales Tax - may varies from state to state and county to county.Tax can be applied to the monthly payment or you may require by state to pay tax on the entire vehicle price.
Security Deposit - multiply security deposits can be made to reduce the interest rate and monthly payments.
Acquisition Fee - also called "bank fee". Charge for the work your lender has to put into setting up your lease agreement.
Disposition Fee - charged at the end of the lease when you return the vehicle.
Payoff Amount - amount of money you have to pay to own the vehicle. 
Sign&Drive or $0 Down?
$0 Down - you pay only inceptions: 1st month payment, tag, title, registration, bank and other fees... You never know how much you have to pay to start the lease!
Sign&Drive - no money out of the pocket due at signing. Your monthly payment already include 1st month payment, tag, title, registration, bank and other fees.
Why your prices are so low?
Our leasing experience in addition to our high volumes through our dealer network enable us to offer much lower prices than at dealership.
Are all your cars new?
Yes, all our cars are brand new.
Can I buy the car at lease end?
All of our leases have a set buy back option if you would like to purchase it.
What bank will I be leasing with?
All of our leases are financed directly thru the manufacturers own finance division.
Do all of your cars come with a manufacturer`s warranty?
Yes, all of our cars come with the full manufacturer bumper to bumper warranty & all other benefits.
Leasing or Financing?
Leasing
The benefits of leasing vs. purchasing
• Monthly Payments are usually reduced
• The need for a cash down payment is reduced
• Upgrading to a more expensive model is easier
• It’s easier to benefit from the latest technology
• Lease-end purchase option

Financing (Purchasing)
Some potential advantages to financing (purchasing) the vehicle:
• Vehicle ownership upon final payment
• No mileage limitation
• No limitations to vehicle modifications. Though, some modifications may void the warranty.


Testimonials

These guys can even make commercial vans deals! Really all cars and deals at one place! Thank you Panauto!
Best commercial van MB Sprinter!

Mercedes Sprinter commercial van leasing and purchase

Thanks for such an easy car buying experience! Michael helped me out every step of the way and was very professional, patient and always had a positive attitude. I highly recommend their services and suggest you trust them without hesitation. They know very well what they are doing.

2018 Toyota Rav4 Leasing

Thanks Panauto! I got my new car! I'm happy!

2018 Toyota Corolla Leasing

It is my second car with Panauto. Very good service. You're the man! Thank you!

2018 Mercedes GLE350 lease in Miami

It was my dream for the last 10 years! And now I've got my 2018 BMW X5 lease in Miami thanks to Panauto

2018 BMW X5 lease

Thanks to Panauto I've got my first car lease. Thank you guys!

Honda Accord Leasing in Miami

It is my first car lease. Thanks to Panauto I've got it with no headache! I'm excited!

Honda Civic EX-L leasing in Miami

They gave me an advise because I had some requirements for my next car. It was a very good service. Recommend!

Infiniti QX60 leasing

Thanks Panauto for a great service. We got our car next day! Very happy with it!

Toyota Sienna Lease in Miami area

It was extremely honest and easy car lease experience! Thank you Panauto! Great job!

Lexus RX350 Lease in Florida

I got my new car in less than a day! Will definitely recommend Panauto to all who's looking for a car!

Maserati Ghibli Lease

Thank you Panauto for excellent service and good price!

2018 Mercedes SCL300 Lease

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