Chevrolet-2013

Contact Information


Earth Auto Leasing
3216 Kellway Drive
Suite 132
Carrollton, TX 75006

Telephone: 214-483-9044
FAX: 214-483-9042
E-mail: sales@earthautoleasing.com

Hour Of Operation

Monday-Friday
9:30am – 6:00pm
Saturday
10:00am – 3:00pm
Closed Sunday

Leasing Programs

Earth Auto Leasing offers more lease options to its customers than any leasing company in the country! Whether it’s a car or SUV for the family or a fleet of trucks for your company, Earth delivers the most competitive programs available today so you can feel good about your lease tomorrow!

 

Closed-End Leasing

Closed-end leasing is typically provided to individuals leasing a vehicle. This is the type of lease generally provided by a bank, leasing company or automobile/truck dealership.

Advantages:

  • Operating lease
  • Off balance sheet financing
  • At lease term walk away from lease
  • Lower monthly payments
  • Lower interest rates
  • Residual guaranteed by bank

 Disadvantages:

  • Requires a specific term
  • Requires a specific mileage allowance
  • Excess mileage penalties
  • Excess wear and tear penalties
  • No participation in used vehicle sale gains
  • No control over the sale of the used vehicle

Open-End Leasing

Open-end leasing is primarily used by companies who have fleets ranging from 1-1,000 vehicles. The flexibility provided with this type of lease makes it easier to manage a fleet of vehicles. The lessee has the ability to customize an open-end lease.

Advantages:

  • Operating lease
  • Off balance sheet financing
  • No cash outlay
  • 12 month minimum term
  • Customized leases
  • Ability to manage cash flow easier
  • Variable depreciation rates
  • Easier to replace vehicles
  • Lease to own vehicles
  • Share in used vehicle sale gains
  • Sell used vehicles to drivers/employees
  • No mileage restrictions
  • No early termination penalties
  • No excess wear and tear penalties

Disadvantages:

  • Absorbed loss on used vehicle sales
  • Higher interest rates than closed-end
  • Higher payments than closed-end