Leasing is a great way for dealers, leasing companies, and other brokers to add excess profit to your car by marking up the internal rate they are charged by their bank, i.e., Mercedes Benz, BMW, Lexus, GMC, Ford, Chase Manhattan, Wells Fargo, Bank of America, etc.
The internal buy rate is expressed as a money factor. Because you are not actually borrowing money and because the money factor is not actually an interest rate, the Federal Government does not require dealers to disclose the internal buy rate. Banks and credit unions do not lease to consumers, only to dealers. As a result, you are at the mercy of whoever sells you the car. Therefore, you get taken advantage of.
At HammerAuto.com we always work for you, as your agent and in your best interest. As a broker, we know the internal buy rates of all banks and leasing companies, and we will not permit the dealer to make one penny on your lease. Therefore, we never negotiate lease terms; rather we negotiate sale prices and then dictate your lease rate to the dealer. We then have the company who supplies us with your vehicle draw up the lease, per our exact instructions.
Upon our acceptance and yours, we instruct the supplier to deliver your vehicle to our office in Palo Alto with the exact agreed upon lease terms having been drawn up by Bank of America, Wells Fargo, Chase Manhattan, GMAC, etc.
HammerAuto.com is the largest hands-on auto brokerage in the United States. Hands-on means we guide you through the entire buying process from initial inquiry to final delivery. You never set foot on a dealer's lot but you get a brand new car or truck with the full factory warranty at the best possible price.
The easiest and best way to buy a car begins when you tell HammerAuto.com what kind of vehicle you need. If you are unsure which car is right for you, just ask one of the automotive professionals at HammerAuto.com for their expert, unbiased advice. With our help, you will make the right decision on the car or truck that best suits your needs.
Then, HammerAuto.com goes to work and finds your exact car at the best possible price. We are privy to all rebates and discounts offered by auto manufacturers. As a client of HammerAuto.com you are completely eligible for all manufacturers promotions and programs.
Once we find the best deal on your car, we put the details
in writing and fax it to you for your approval. Your car
is delivered to our office in Palo Alto; you inspect it,
spend ten minutes completing the paperwork, and then drive
it home. That's it. It's that simple.
