Frequently Asked Questions

 

Q. Why Choose TransWorld Leasing?

• We are not affiliated with a manufacturer - WE REPRESENT YOU!
• We can provide the vehicle you want - any make, any model
• Leasing available on most pre-owned vehicles
• Better Pricing: we find the vehicle and use our buying power to get you the best price
• Fast Lease Quotes instead of sitting for hours at a dealership
• Equipment Leasing including medical, oil services, airplanes, and more
• Let a TransWorld Lease specialist explain the tax benefits of our Customized Lease Programs
• Customized Leases:
  • Variable Mileage or Unlimited Mileage
  • No pre-payment penalties and simple interest payoffs for the client that likes to drive new vehicles more often
  • Variable Terms from 12-60 months

 

Q. WHY LEASE?

Very few of the things we consumers utilize these days illustrate this point as well as the personal automobiles we use. What else can you think of that depreciates as much and as fast as an automobile?

There are several factors to consider before deciding between leasing or buying a new car or truck.

• Leasing Can be less taxing on your budget!
• If you use a vehicle for business, the tax laws can make a beneficial impact on your taxes.
• Lease payments are deductible up to 100%. (Depreciation has limitations)
• Fuel, maintenance and insurance are deductible up to 100%

Other Opportunities Leasing Can Provide

• No Down Payment
• Gap protection (to prevent loss due to a totaled or stolen vehicle)
• Leasing allows you to get more car for your money… you can step up to a better model
• Security deposit usually not required
• Drive away paying only the first payment, license and registration fees
• “If it appreciates, buy it. If it depreciates, rent it.” - J. Paul Getty III

Leasing vs. Buying

• TransWorld leases meet F.A.S.B. accounting rules and the I.R.S. rules to qualify as operating leases. This is important because the tax benefits are better for you or your company when leasing vs. buying. Leasing also offers off-balance sheet financing for businesses which can help financial statements look stronger. Use your capital to grow your business and not tie it up with long term debt while at the same time keeping your current line of credit available.
• If you use your vehicle in business, leasing will offer better tax benefits. Our T.R.A.C. and open-end lease programs offer the benefits of unlimited mileage, no pre-payment penalties, lower residuals, and offer simple interest payoff methods. Many large corporations use these types of leases to obtain their fleet of vehicles. TransWorld brings this lease to the business owner and/or person who uses their vehicle for business and would like to take advantage of these benefits.