- NWFL assumes all risk of resale at scheduled termination
- There is no "risk" of ownership
- Lessee will be responsible for excess mileage and excess "wear and tear" at lease termination
- Lease term is fixed
- Lessee is not exposed to fluctuations in used car market
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- NWFL works with you to determine the best term and residual value for your needs
- When the lease terminates, you participate in the resale value of the vehicle
- If the vehicle sells for more than the residual (depreciated value), you get 100% of the proceeds
- If the vehicle sells for less than the residual (depreciated value), you pay the difference
- You will not be assessed any excess mileage or "wear and tear" adjustments at lease turn-in.
- The minimum lease term is 12 months
- Allows flexibility in replacing vehicle due to usage rather than actual lease term
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