Ciocca Automotive Answers Your Questions About Leasing

Learn About Leasing

The content in this section of our website is designed to answer questions you may have about auto leasing. Leasing is a way to finance a vehicle purchase, and it may or may not be the right way for you to acquire your next vehicle. Our goal isn't to convince you to lease, it's to make sure you understand this option you have to pay for your next vehicle then let you make the choice on what makes the most sense for you.

We do find that many customers don't really understand how leasing works, but once they do, they enjoy the benefits of leasing. Please feel free to ask our sales or business development personnel any questions you may have.

Frequently Asked Questions About Leasing

In order to answer your concerns or questions about leasing, we've put together a series of videos that will teach you more about the leasing process!
How does 
leasing work?


How does leasing work for a high mileage driver?
How does leasing 
eliminate resale risk?


Is leasing an alternative 
for a cash buyer?
How does leasing lower maintenance and repair costs?


What happens at the end 
of the lease?

How Does It Work?

Auto leasing is a method of financing a vehicle where you only pay for the part of the vehicle you are planning to use and lease charges (like interest on a loan), normally over a term of around 3 years. It is very similar to conventional financing (which has terms ranging from 2 to as long as 8 years), but you don't pay for the entire vehicle.

During the first few years a new vehicle depreciates the most and requires the least amount of maintenance and repairs. Leasing protects you from excess depreciation by having a guaranteed future value (GFV, or residual value). Since most leases are for a term of around 3 years, and almost all manufacturers base warranty is at least 3 years, this limits your exposure to out of pocket repairs and expensive maintenance.

$40,000 Selling Price

$20,000 G.F.V. (RESIDUAL)

No obligations at the contract end, you have 3 great options:

  1. Trade or Sell (keep any profit)
    Select something new
  2. What if (avoid a loss)
    Market conditions change
  3. Keep it (love the car)
    Purchase for the option price

$20,000 DIFFERENCE (DEPRECIATION)

Avoid the following potential pitfalls:

  1. Long Term Contract
  2. Higher maintenance & repair costs
  3. Negotiating trade in values
  4. Assuming resale risk
  5. Being out of warranty

The Ciocca Automotive Express Lease plan gives you the best parts of conventional financing, the opportunity for ownership and profit, and combines them with the best parts of leasing, shorter terms and guaranteed future value.

Please ask one of our associates if this plan may work for you.
This is an example for illustration purposes only and does not represent an actual transaction.

Resale Risk vs. Resale Value

When a customer purchases a vehicle with cash or traditional financing, they assume all the resale risk. They are at the mercy of the used car market for the resale value of their specific vehicle at the time they want to sell or trade it in. The following nine things have a direct impact on the value of a used car:

  1. Mileage
  2. Condition
  3. Factory Error
  1. Economy
  2. Accident
  3. Color or Equipment
  1. Time of Year
  2. Publicity
  3. Technology

When a customer takes advantage of the Ciocca Express Lease, the risk associated with items three through nine are transferred to the leasing institution. They are only responsible for the lease vehicle's miles and condition at lease end.

Leasing institutions place a guaranteed future value on the vehicle, and if it is worth more than that value at lease end, the customer can take advantage of that potential profit. If the vehicle is worth less, they can turn the vehicle in at lease end and let the leasing institution absorb that financial loss.

Lease Comparison

Click the links below for examples of a Ciocca lease document.

Ciocca Express Lease Comparison Example - PA
Ciocca Express Lease Comparison Example - NJ

The Real Cost of Ownership

The below graph shows how the cost of depreciation and maintenance & repair change as most vehicles age. Vehicles depreciate the most right after purchase, while maintenance and repair costs increase significantly as vehicles age. Customers assume the risk of expensive repairs after the warranty expires, and regular scheduled maintenance & normal wear items start to become more expensive as well.

Customers that lease for 3 years or less avoid these more expensive ownership costs by only driving the vehicle when it requires the lowest amount of maintenance and repair, and they control depreciation through the residual value established for their vehicle. People that finance their vehicles on long term (5 years and longer) finance contracts incur these higher long-term costs on top of their monthly payment. Customers that pay cash or finance their vehicle also have no protection against excess depreciation from factors beyond their control.

  1. Ciocca Automotive

    2141 Downyflake Lane, Allentown PA
    Allentown, PA 18103

    • Sales: 484-656-0098
  2. Audi Allentown

    4725 Hamilton Blvd
    Allentown, PA 18103

    • Sales: 610-841-8100
  3. Audi Flemington

    213 Highway 202
    Flemington, NJ 08822

    • Sales: 908-284-2834
  4. Audi State College

    3220 W. College Avenue
    Building 1
    State College, PA 16801

    • Sales: 814-206-0903
  5. BMW of Williamsport

    205 Lycoming Mall Drive
    Muncy, PA 17756

    • Sales: (570) 491-1438
  6. Ciocca Atlantic City

    430 N Albany Ave.
    Atlantic City, NJ 08401

    • Sales: (609) 428-4126
  7. BMW of York

    1370 ROOSEVELT AVE
    YORK, PA 17404-2208

    • Sales: 717-845-6689
  8. Ciocca Cadillac of Atlantic City

    340 N ALBANY AVE
    ATLANTIC CITY, NJ 08401

    • Sales: (609) 246-2211
  9. Ciocca Cadillac of Flemington

    211 US Highway 202
    Flemington, NJ 08822

    • Sales: (908) 968-9732
  10. Ciocca Chrysler Dodge Jeep Ram of Hanover

    200 Eisenhower Dr
    Hanover, PA 17331-5212

    • Sales: 717-637-1101
  11. Ciocca Chrysler Dodge Jeep Ram of Duncannon

    2209 State Rd
    Duncannon, PA 17020-1411

    • Sales: 717-834-0000
  12. Ciocca Chrysler Dodge Jeep Ram of Flemington

    204 Route 202/31
    Flemington, NJ 08822-1765

    • Sales: 908-782-5858
  13. Ciocca Chevrolet

    1200 LOUCKS RD
    YORK, PA 17404

    • Sales: (717) 779-1706
  14. Ciocca Chevrolet of Red Lion

    3220 Cape Horn Rd
    Red Lion, PA 17356

    • Sales: (717) 417-4027
  15. Ciocca Chevrolet Buick GMC of Flemington

    211 US Highway 202
    Flemington, NJ 08822

    • Sales: (908) 864-7298
  16. Ciocca Chevrolet of Princeton

    200 Renaissance Blvd.
    Lawrence Township, NJ 08648

    • Sales: (609) 583-0290
  17. Ciocca Chevrolet of West Chester

    715 Autopark Blvd.
    West Chester, PA 19382

    • Sales: (484) 962-0422
  18. Ciocca Chevrolet of Quakertown

    855 S WEST END BLVD
    QUAKERTOWN, PA 18951

    • Sales: (215) 375-7634
  19. Ciocca Corvette of Atlantic City

    430 N Albany Avenue
    Atlantic City, NJ 08401

    • Sales: (609) 431-0928
  20. Ciocca Ford of Flemington

    215 Us Highway 202/31 S
    Flemington, NJ 08822

  21. Ciocca Ford Lincoln Of Lawrenceville

    2920 Brunswick Pike
    Lawrenceville, NJ 08648

  22. Ciocca Ford of Quakertown

    1531 Park Ave
    Quakertown, PA 18951

    • Sales: 866-833-7619
  23. Ciocca Ford Of York

    1801 Whiteford Rd
    York, PA 17402-2209

  24. Ciocca Ford Of Red Lion

    3250 Cape Horn Rd
    Red Lion, PA 17356-9073

  25. Ciocca Honda of Hanover

    1226 CARLISLE ST
    Hanover, PA 17331

    • Sales: 717-632-2992
  26. Ciocca Honda of Williamsport

    201 Lycoming Mall Dr.
    Muncy, PA 17756

    • Sales: 570-940-7002
  27. Ciocca Honda of Harrisburg

    8001 Allentown Blvd
    Harrisburg, PA 17112

    • Sales: 717-743-1638
  28. Ciocca Honda of York

    1313 KENNETH RD
    YORK, PA 17404-2281

    • Sales: 717-848-2600
  29. Ciocca Hyundai of Williamsport

    202 Lycoming Mall Drive
    Muncy, PA 17756

    • Sales: 570-354-5987
  30. Ciocca Hyundai of Quakertown

    550 S. West End Blvd.
    Quakertown, PA 18951

    • Sales: 215-536-2700
  31. Infiniti Of Flemington

    204A Us Highway 202/31 N
    Flemington, NJ 08822

    • Sales: 9087826868
  32. Ciocca Kia

    1710 N Olden Ave
    Trenton, NJ 08638

    • Sales: 609-883-2800
  33. Ciocca Lincoln of Flemington

    215 Us Highway 202/31 S
    Flemington, NJ 08822

  34. Ciocca Ford Lincoln Of Lawrenceville

    2920 Brunswick Pike
    Lawrenceville, NJ 08648

  35. Ciocca Lincoln of Flemington

    215 Route 202
    Flemington, NJ 08822

    • Sales: (908) 782-3673
  36. Ciocca Lincoln of Lawrenceville

    2920 Brunswick Pike
    Lawrenceville, NJ 08648

    • Sales: 609-882-2900
  37. Ciocca Nissan of Quakertown

    321 S. West End Blvd
    Quakertown, PA 18951

    • Sales: (215) 918-7966
  38. CIOCCA NISSAN OF QUAKERTOWN

    1531 Park Avenue
    QUAKERTOWN, PA 18951

  39. Ciocca Nissan of York

    1212 LOUCKS RD
    YORK, PA 17404-2219

    • Sales: 717-755-9504
  40. Ciocca Ford of Flemington

    215 Route 202
    Flemington, NJ 08822

    • Sales: 908-782-3673
  41. Ciocca Ford of Lawrenceville

    2920 Brunswick Pike
    Lawrenceville, NJ 08648

    • Sales: 609-882-2900
  42. Ciocca Subaru of Ewing

    1710 N Olden Avenue Ext
    Ewing, NJ 08638

    • Sales: 609-883-2800
  43. Ciocca Subaru of Flemington

    167 State Route 31
    Flemington, NJ 08822

    • Sales: 908-782-2025
  44. Ciocca Subaru of Philadelphia

    1400 S. 33rd St.
    Philadelphia, PA 19146

    • Sales: 484-372-4407
  45. Ciocca Subaru of Pleasantville

    401 West Black Horse Pike
    Pleasantville, NJ 08232

    • Sales: 609-646-1500
  46. Ciocca Subaru of Allentown

    4611 Hamilton Blvd
    Allentown, PA 18103

    • Sales: 610-395-3745
  47. Ciocca Subaru of York

    1202 LOUCKS RD
    YORK, PA 17404-2219

    • Sales: 717-854-1800
  48. Ciocca Toyota of Williamsport

    203 Lycoming Mall Drive
    Muncy, PA 17756

    • Sales: (570) 630-9296
  49. Ciocca Volkswagen of Allentown

    1346 Lehigh Street
    Allentown, PA 18103

    • Sales: (610) 600-1779
  50. Ciocca Volkswagen of Williamsport

    207 Lycoming Mall Dr.
    Muncy, PA 17756

    • Sales: (570) 757-7300
  51. Ciocca Volkswagen of State College

    3220 West College Avenue, Building 2
    State College, PA 16801

    • Sales: 814-206-0902
  52. Faulkner Buick GMC West Chester

    705 Autopark Blvd
    West Chester, PA 19382

  53. Ciocca Ford of Quakertown

    780 S West End Blvd
    Quakertown, PA 18951

    • Sales: (215) 709-8292
  54. Ciocca Ford of Souderton

    3470 Bethlehem Pike
    Souderton, PA 18964

    • Sales: 888-220-1893
  55. Ciocca Ford of Souderton

    3470 Bethlehem Pike
    Souderton, PA 18964

    • Sales: 215-486-2515
  56. Faulkner Buick GMC West Chester

    705 AUTOPARK BLVD
    WEST CHESTER, PA 19382

    • Sales: (610) 674-0610
  57. Ciocca Volkswagen of Flemington

    213 US Highway 202
    Flemington, NJ 08822

    • Sales: 908-782-2400
  58. Mercedes-Benz of Flemington

    135 Route 31
    Flemington, NJ 08822

    • Sales: (908) 332-8489
  59. Mercedes-Benz of State College

    127 Leisure Lane
    State College, PA 16801

    • Sales: 814-206-0904
  60. Porsche Flemington

    213 Us Highway 202/31 S
    Flemington, NJ 08822

    • Sales: (908) 300-5794
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