Finance and Leasing Options & FAQs

Finance Options

At Moses, we offer a number of different ways to finance a vehicle to offer convenience and flexibility to our customers. In general, our packages typically include traditional financing as well as leasing options.  Traditional financing is an installment transaction over a period of time. You agree to pay the amount financed, plus an agreed-upon finance charge.  Traditional financing is probably right for you if you like the idea of owning a vehicle or you plan to keep the car for more than a few years. 

Moses works with many different lenders to offer you the most competitive rates. A big part of our service if staying on top of the market, and knowing which lenders have the best offers as any given time. Presenting options and walking you through all the ins and outs to find the best finance package for you is the expertise of your Moses Business Manager.

Leasing Options

Leasing has several advantages to traditional financing. Some of these include lower payments compared to financing (which may mean getting more vehicle for the same money as a traditional car payment), avoiding the risk of trading in a car that is worth less than is owed (with leasing, you can just return it), and with most manufacturers with maintenance plans included with the original factory warranty, leasing means that you never have to worry about service or maintenance costs. This is a great option for someone who prefers to have a new car every three years and who likes to have the most updated technology. 


 

 

For all your leasing questions, a Moses Business Manager is happy to assist you!

FAQs: See below.

Do I have to pay property tax on a lease?  

In West Virginia, you will be billed property tax if the car is registered in your business name.  If it's registered in your own name, you can file an affidavit of non-income-producing purposes with the state.  However, each city may still charge the individual.

How do I figure the amount for tax, title, and license?  

The sales tax in West Virginia is 6%.  West Virginia does accept tax credit on trade-ins, so in a deal including a trade, the taxed amount would be the sale price less any non-leased trade times the sales tax of 6%.  The title fee is $10.  The registration fees vary depending on the vehicle's model year.    

When will my first payment be due?

On a purchase, the first payment will be due 30 to 45 days after signing.  On a lease, you will make your first payment at the time of signing.  

For how long can I finance my car?

Typical terms are usually 24, 48, 60, and 72 months, but the maximum can very depend on the model year up to 84 months. 

How much do you require for a down payment?

Typically, a down payment is not required.  However, any down payment used will lower the monthly payment.

Do you have a first-time buyer program?

Most of our lenders offer college graduate programs from time to time.  Some stipulations may apply.  This could qualify you for preferred finance rates.

What is GAP insurance?

You may be surprised to learn that the value your primary insurance company places on your vehicle may be substantially less than the amount you actually owe. The result is a financial "gap," and if the vehicle is totaled or stolen, it's you who must make up the difference. This gap liability could cost thousands. GAP (Guaranteed Auto Protection) insurance will pay the difference between the loan or lease balance and what your insurance company pays you. GAP insurance will go into effect if the vehicle is declared a total loss.

How much payment can I afford?

 A good guideline is 20% of your gross monthly income, but other factors can cause it to vary.  Your Moses Business Manager can walk you through the particulars to help you arrive at a decision that works well for you. 

Do you offer extended service agreements?

Yes, and with an important advantage.  All our extended service agreements sold by our particular brands are backed by the manufacturer, and not a third party.  Our service contracts are self-insured and offer some of the most-reliable insurance products on the market as they provide more support than a handful of the most successful brands on the market combined.

What if my leased vehicle is involved in a wreck?

If your lease vehicle is declared a total loss, the GAP insurance will take care of the balance (GAP insurance is always included in the lease).  If the loss is less than the total, the claims and repair process is as it would be with a purchased vehicle.

What types of purchasing methods do you offer?

Our purchase methods include leasing, traditional financing, and cash payments.  Moses has many direct relationships with banks and institutions under which we may be able to offer a better financing rate than if you dealt with the bank or institution yourself.

How does my credit rating affect the purchase of a vehicle?

Part of the service our sales associates provide is an assessment of your credit.  Sometimes a customer may believe his or her credit rating is not good enough for the purchase of a new vehicle, when, in fact, it may be just fine.

When and how can I purchase a vehicle service agreement?

Generally, vehicle service agreements are sold before the manufacturer's factory warranty expires. It is often advantageous from a pricing perspective to buy them when you purchase your vehicle; also, you can roll any products you purchase into your lease or loan if that is more convenient for you. You may talk to any Business Manager or Service Advisor in the dealership at any time to learn about or purchase a service agreement.

 


  1. Moses Lincoln

    2001 Maccorkle Ave
    St Albans, WV 25177

    • Sales: (304) 586-6991
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  • Contact our Sales Department at: (304) 586-6991
  • Monday9:00 AM - 8:00 PM
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  • Wednesday9:00 AM - 8:00 PM
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  • Saturday9:00 AM - 6:00 PM
  • Sunday1:00 PM - 5:00 PM