More than a quarter of new-car sales last year were not sales, but leases. The rate of leasing in the United States was higher last year than at any time in more than a decade, according to data provided by Edmunds.com and Kelley Blue Book. More than one out of every four new vehicles are leased today rather than bought by American consumers — and the percentage choosing a lease has risen sharply over just the last two years. It is now roughly 27 percent, up from 22 percent in 2012, according to Edmunds.com.
There is a steady, pronounced shift in the number of consumers choosing to lease cars rather than buy them, and brings to mind the go-go days of the late 1990s, when automakers and private leasing companies offered almost absurdly cheap lease deals to move cars off dealers’ lots.
Analysts say this wave of leasing is different in many fundamental ways. In particular, a significant shift in the overall consumer culture is taking place where monthly payments alone are becoming the norm for everything, including cars and buying the latest iPhone.
Before its time to turn in your lease, contact Twin Ridge and set up a convenient time and let us perform our newly developed Lease Turn-In Service which will determine the “Necessary” cosmetic corrections needed to meet the terms of your lease. The key word is “Necessary” – far too many “Lessees’” (The Renter of the Vehicle), end up paying “Unnecessary” expenses that only increases the value for the leasing company.
At Twin Ridge we watch current industry trends in order that we will always give our customers maximum value for their money.
My husband and I have been using Twin Ridge Auto Body for years. The owner Ron, I call “The Car Psychiatrist.” He is so
caring, kind and excellent at making a car look brand new. He has so much integrity and will always work with his clients to
make sure they are well taken care of. Whenever we have an accident or fender bender, we can't wait to get our car to Twin Ridge
where we know our car will be treated like gold!! I would highly recommend Ron and Twin Ridge!!! -Gail Goldberg -Stamford,
Serving the Stamford and Fairfield County Communities Since 1996
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The Twin Ridge 5 Point Lease Inspection
Click Picture to Left to Open Survey
Although there is some variation in the process, the lease turn-in process typically starts about 90 days before the end of the contract.
The leasing company (technically called the "lessor") will contact you to let you know your lease contract is coming to an end. It
will then contact you to set up an appointment for an inspection of your car. Any damage to the car that's going to cost more than
an average amount of money to refurbish is called excessive wear and tear.
Following are the 5 areas we examine,
dings, scratches and scrapes on the exterior
2. Damage to bumpers, rims and wheels, especially "curbed" wheels
stars and/or excessive pitting in the windshield and/or other windows
4. Abnormal or excessive wear to the tires.
and/or stains in the upholstery that can't be repaired or cleaned with normal refurbishing