| I have terrible credit…is this program right for me? | Your previous credit situations, good or bad have no bearing on your participation in our program. There is no credit check, no credit score and most importantly you cannot be turned down due to bad credit. |
| If my car breaks down, who pays for it? | Your lease vehicle is covered by a limited power-train maintenance agreement which covers certain items related to the engine, transmission and other various drive-train components (contact us for a specific description of items covered). Should your lease vehicle require repairs outside of the realm of the coverage provided, you will be responsible for the costs of all repairs. In the case of any mechanical issue or failure it is recommended that you contact our location before completing any repairs. Your power-train warranty may cover the costs of these repairs; however, they must be performed at the location specified by Springs Rent a Car LLC. |
| What is residual or a residual payment? | The residual value is the amount that you can buy the vehicle for at the end of the lease should you decide to purchase. This value is calculated using various factors related to the value of the vehicle at the time the lease is started and the value of the vehicle at the end of the lease term. At the end of your lease your residual value can be paid in a variety of ways: 1) You can pay off the residual value in a single payment. 2) For a small fee you can start a new lease based on the residual value of your vehicle. Typically these secondary leases are for a considerably shorter term and continue with payments at approximately the same amount as your previous lease. 3) You can decide not to pay the residual and simply turn the vehicle back in. We understand that the residual payment can be confusing. If you have any questions regarding the residual for a particular vehicle, please contact us for a “Lease Extension Estimate Worksheet”. |
| If I find a car I like, can I hold it? | Our deposit program allows the customer to hold their dream car for a period of up to four weeks. Once you have found the vehicle you want, we require a deposit of 25% of the total down payment for the term you wish to lease. This 25% deposit will hold your vehicle for up to two weeks. At the end of the 2nd week, you will be required to pay 50% of the remaining balance. This second payment will hold the vehicle for another two weeks. At the end of this final two weeks, you will be required to pay the final balance of the down payment and sign the lease papers. Here’s an example: Down payment required: $800.00 25% deposit to hold for 14 days: $200.00 (new balance due $600.00) 50% of down payment balance due at the end of 14 days: $300.00 (new balance due $300.00) Final 50% of down payment due: $300.00 (balance due $0.00) |
| Are these quality vehicles? | All of our vehicles are subjected to a multi-point inspection that ensures all vehicles are mechanically safety checked, all engine systems are inspected and all functions of the vehicle are operational. In a nutshell, we don’t knowingly sell vehicles that require repairs. Feel free to ask to see the “in-service report” for any vehicle you may be interested in. |
| Can I use my current vehicle as a trade in on my lease vehicle? | Absolutely. Bring your current vehicle in for a trade-in appraisal. This value can be credited towards any lease vehicle or you can simply choose to receive cash for your trade. Give us a call and set up an appointment for your trade-in appraisal. |
| How do I register my lease vehicle? | Your down payment inlcudes the cost of your registration for your leased vehicle for the length of the lease term. Your lease vehicle will be delivered with a temporary registration. Within 60 days your permanent plates and vehicle registration will arrive at our office. Simply come by the office to pick up your plates. No waiting in long lines at the DMV, no additional charges, NO HASSLES! |
| How old do I have to be? | Minimum age is 18. |