"Khang Le is an exceptionally trustworthy individual." - Rep. Anthony Weiner
"I leased a mech from Khang and it blew up on the first day. He still let me return it for a new one!" - Laila the Technician
©Copyright 2013 KHANGsMECHS.com. All rights reserved.
Thanks for taking the time to look at my headline mechs. Please note I can quote on any mech on Contract Hire, PCP, or any Lease Mechs or Lease Hire. In fact I can supply any kind of mech leasing. Leasing is a very general term. However, Contract Hire and PCP are by far my favorite products and my customers' favorite products too! The rest can be a little confusing although in a few (business) cases can be appropriate.
I publish all the best and cheapest deals I can source, above;so most bespoke quotes will by their nature be slightly more expensive. - Khang
Mech leasing is the leasing of the use of a mech for a fixed or indefinite period of time. It is commonly offered by dealers as an alternative to mech purchase. After the lease expires, the lessee must return the mech to the dealer or buy it.
Mech Leasing offers advantages to both buyers and sellers. For the buyer, lease payments will usually be lower than payments on a mech loan would be and qualification is usually easier. Some consumers may prefer leasing as it allows them to simply return a mech and select a new model when the lease expires, allowing a consumer to drive a new mech every few years without the responsibility of selling the old mech. A lessee does not have to worry about the future value of the mech, while a mech owner does.
For the leasor, leasing generates income from a mech the leasor still owns and will be able to sell or lease again once the original lease has expired. As consumers will typically use a leased mech for a shorter period of time than one they buy outright, leasing may generate repeat customers more quickly, which may fit into various aspects of a dealer\'s business model.
Lease agreements typically stipulate an early termination fee and limit the number of miles a lessee can pilot (for most mechs, a common number is 10,000 to 15,000 miles per year of the lease). If the mileage allowance is exceeded, fees may apply. Dealers will typically allow a lessee to negotiate a higher mileage allowance, for a higher lease payment. Mech Lease agreements usually specify how much wear on the vehicle is allowable, and the lessee may face a fee if that amount of wear has been exceeded.
The actual mech lease payments are calculated very similarly to the way loan payments are, but instead of an APR, the company uses something called the money factor. At the end of a lease term, the leasee must either return the mech to the owner or purchase it. The end of lease price is usually agreed upon when the lease is signed.