26671 Renaissance Pkwy.
Warrensville Heights, OH 44128
216-581-0000
FAX: 216-581-7063
The new wav
e of senior living customers likes being mobile—and they prefer traveling in style. And they expect residential care facilities to provide the ride. Facilities must find a way to keep current with the latest trends in assisted care transportation without going over budget.
Most leases come in off-the-shelf packages tailored to meet the needs of a financial institution. But because standard terms might not meet your unique needs, knowing how experienced lessees negotiate customized leasing structures will help you make the deal that’s best for you.
More and more car-shopping Americans are turning to leasing, as evidenced by seven consecutive years of lease volume growth. Consumers leased 4.3 million vehicles in 2016, compared to 1.4 million vehicles in 2009. While many people choose leasing as a way to lower their monthly payments, automotive technology is also playing a role in the shift.
If there’s one thing we’ve learned during our five-and-a-half decades in the leasing business, it’s that our customers all have different needs. And yet, most manufacturers and financial institutions offer leasing packages designed to fit their own needs rather than those of their customers.
US consumers finance 29 percent of new cars through leasing, according to Experian’s latest quarterly review of the automotive finance market. What’s more, the likelihood that consumers will choose leasing is higher among borrowers with better credit scores (35 percent when a borrower has a “prime” credit score over 660).
A quickly growing segment of our business at Shaker Auto Lease involves assisted care vehicles for senior residential facilities. Fueling that growth is a mounting need for senior care providers to distinguish their services from competitors. As it turns out, providers are learning that assisted care vehicle fleets can be meaningful differentiators in a crowded senior living marketplace.