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LeaseWise Frequently Asked Questions
Before you place your order with LeaseWise by
CarBargains we strongly suggest that you take the time to read our full LeaseWise
Brochure. The following are answers to typical LeaseWise
customer questions. Please read.
Q: How long will it take to get my
report?
A: Typical turnaround time is 2 weeks but
time varies based on demand. Current turnaround time is 7 business days. Allow 2-3 additional days for mailing of the report.
Q: Who are the dealers that bid?
A: LeaseWise contacts at least the five
closest dealers to you based on your zipcode.
Q: What if I want dealers in another
area bid, or don’t want to deal with a specific dealer?
A: Call us at 800-475-7283 and place your order
directly with one of the LeaseWise representatives so that these
specialized needs can be dealt with.
Q: Why don’t you need to know options?
A: LeaseWise bids are solicited as markups
or markdowns from total invoice cost. So the bids are applicable to any
option configuration on the car. For example:
Dealer A bids $100 over invoice cost - If the
vehicle you wished to purchase had few options and an invoice cost of
$20,000 - the bid would produce a price of $20,100. If the vehicle you
desired had many options and had an invoice cost of $22,000, the same
bid would produce a price of $22,100. These prices would serve as the
starting point for the capitalized cost for the vehicle.
In either case, the options are being factored in
based on their invoice cost, not their sticker price.
In some cases, particularly on high-end luxury cars, dealers place bid as markdowns from MSRP. The bids are still applicable to any configuration of options but, in these few cases, options are being factored in based on their sticker price.
Q: What about dealer installed options
that don’t have invoice costs?
A: Some makes, most noticeably Honda and
Acura, do not specify invoice costs for common options. They allow the
dealers to install the options and charge what they wish. In these cases
we will need to know what dealer installed options you might be
considering. Getting a bid on them doesn’t mean you have to get a
vehicle with those options on it, but does give you a firm price should
you decide to get any of the options that were bid.
This is why we must have a valid daytime phone
number, should such vehicle- or make-specific questions arise.
Q: How will I receive my report?
A: Due to the length of the report, reports ordered online may be sent by email, US mail, or UPS 2nd Day, depending on your location. You may specify your desired delivery method at the time of you order. Should you be in a rush, call us at 800-475-7283 and place your order directly with one of the LeaseWise representatives.
Q: What is your guarantee?
A: If you are able to lease the vehicle that LeaseWise shopped for you with a lower monthly payment than you would get under the terms of the quote of our lowest quoting dealer, in the same time frame and area, without using our information as leverage, we will refund our fee, with proof of lease and terms.
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