A Tale of Two Cars

Image of a Honda Pilot













Image of a gray Honda Pilot

You found a vehicle you love…

per month















The payment is just too high!

The average car payment in the U.S. is a whopping $554 per month! (source: Experian.com) With that being the average payment, some people may pay less, while others will pay even more for their vehicle. New vehicles are getting more and more expensive, and used vehicle prices are all over the place. Think about it like this, you finance an auto loan for $30,000 at an interest rate of 3.74% for 60 months. First off, that’s a really great interest, and second, a term of 60 months or 5 years is a standard starting point for an auto loan. 


Now, you find the same vehicle, but with the promise of a better payment…














per month

That payment is just right!

That lower payment may be presented as something called a “used vehicle lease”. Many car shoppers are familiar with leasing new vehicles, but still have many questions about leasing.

Just like with a new vehicle, savvy customers can lease a used vehicle. Leasing simply means that you only pay for the portion of the vehicle you use. This means that you aren’t paying interest for 5, 6, or 7 plus years, and you aren’t paying interest on the full price of the vehicle. You are only paying for the value of the car from the day you start your lease, until the end of your lease term. 

Lease terms range from 24 months to 60 months, but typically are 36 months. When you lease a vehicle, you are only paying for the vehicles depreciation value for your term, which on average would be 36 months. This saves you thousands of dollars in interested compared to financing the same vehicle for 5 or more years.

Leasing a used vehicle is a great option, because there is a lot less guesswork in how fast and for how much the vehicle will depreciate. Everyone knows that a brand new vehicle can lose up to 20% of its value or more when you drive it off the dealer’s lot. A used vehicle is a different story. It has already depreciated the most.

Now is your trurn to drive a high quality vehicle, and at a lease payment you’ll love. When your lease term is done, you can drive a newer vehicle much sooner, giving you more of the latest technology and options, plus flexibility if your needs change. 


Is a Used Vehicle Lease right for you?

  • You want a lower monthly payment
  • You value updated vehicle safety features and technology
  • You don’t want to invest a lot of money in a vehicle
  • You don’t want to worry about what to do with your old car when done
  • You don’t want to pay interest beyond the value of your vehicle











What’s next?

When you’re ready, we’ll be here for you! Leasing a vehicle is a big decision. A new car, truck, or SUV connects you to so many things in life, and the timing has to be right for you. Rest assured, that when you are ready to make the decision to lease a ClearPay vehicle, ClearShift will be here to make it enjoyable for you!