A subscription is a lease with the running costs inside
Same finance mechanics, same depreciation and rent charge, same residual value. The difference is that insurance, servicing, tyres, roadside and your Georgia tag are in the payment, and the commitment is measured in months rather than years.
- Apply inAbout 6 minutes
- Decision1 business day
- Delivery3 to 5 business days
- Shortest commitmentMonth to month
The five steps
From application to driveway
Licence, Georgia address, and consent for a credit check. You get a decision in one business day, and the desk tells you before you start whether the car you want is in the fleet or needs sourcing.
Pick from the ten cars, then set the term and the mileage band. The payment desk shows the depreciation, the rent charge, the money factor converted to APR and the tax, so nothing arrives as a surprise on the first invoice.
Standard and Premium members inside I-285 get free delivery to a home or office address. Otherwise collect from Ponce, Perimeter or Westside in a thirty minute handover slot, with child seats fitted and the hitch tested beforehand if you asked for them.
Insurance, scheduled service, wear items, tyres, roadside and your tag renewal are already paid for. When something needs doing we book it and, on Premium, collect the car. You buy fuel and pay your own tolls. That is the whole list.
Swap within your plan allowance and the new car is priced at its own rate. Hand it back with notice and the exit is costed by the ladder on this page. Nothing rolls into a new fixed term without you agreeing to it.
Subscription, lease, rental
A conventional lease
You take the car for a fixed term, insure it yourself, service it yourself, pay an acquisition fee at the start and a disposition fee at the end, and hand it back. Leaving early means paying out the remaining payments.
A rental
Priced by the day, insured by the hour, and built for weeks rather than years. Convenient and very expensive past about three weeks.
A Leasey subscription
Priced monthly with insurance, maintenance, tyres, roadside and registration inside the payment. Commitments from one month to twelve, swaps within your plan, and exits priced in advance rather than argued about.
Work out the payment first
Nothing on the application changes the arithmetic. Build the payment here, then apply knowing what the first invoice will say.
Build your payment
| Depreciation | $340.36 |
|---|---|
| Rent charge | $106.53 |
| Short-commitment premium | $0.00 |
| Standard coverage bundle | $232.00 |
| Georgia tax at 7.0% | $47.52 |
| All-in monthly payment | $726.41 |
Sample figures for illustration. Your rate depends on credit approval and the vehicle sourced.
What you need in front of you
- Driving licence
- Valid US licence held at least two years, and a clean-ish record. Two moving violations in three years usually means a co-applicant.
- Proof of address
- A Georgia utility bill, bank statement or lease agreement dated in the last 90 days.
- Credit consent
- A soft check at application, a hard check only once you accept an offer. Approvals typically at 640 FICO and above.
- Payment method
- A bank account for the monthly debit. Card payments are accepted for the start fee only.
A co-applicant can be added at any point in the application. Additional household drivers are added free after a licence check.
Questions people ask on the call
Four things. Depreciation, which is the part of the car you use up: cap cost minus residual value, divided by the number of months. Rent charge, which is the finance cost: cap cost plus residual, multiplied by the money factor. The coverage bundle, which is insurance, maintenance, tyres, roadside and registration. Then Georgia tax on the total, shown at a sample 7.0 percent. The calculator on this site prints every line.
A money factor is a lease rate expressed as a small decimal, for example 0.00215. Multiply it by 2400 and you get the equivalent APR, in this case 5.16 percent. The multiplier is 2400 because the money factor is applied to the sum of cap cost and residual rather than to a declining balance. Any subscription or lease quote that will not tell you its money factor is hiding the finance cost.
Residual value. A RAV4 holds 62 percent of MSRP at 36 months while a Colorado holds 54 percent, so the RAV4 depreciates less even though it costs more up front. Depreciation is the biggest line in your payment, so the stronger residual usually wins. The residual and depreciation panel on this site shows the curve for every car and every term.
A valid US driving licence held for at least two years, proof of Georgia address, and consent for a credit check. The application on this site takes about six minutes and gives you a decision in one business day. Approvals are typically issued at a 640 FICO score or above, and a co-applicant is an option below that.
If the car you want is in the fleet, usually three to five business days from approval. If we need to source it, plan on two to four weeks. The desk will tell you which situation you are in before you complete the application, not after.
Talk to a person before you commit to anything
The member desk will pull your own numbers up, tell you whether the car you want is actually in the Atlanta fleet this week, and say so plainly if a subscription is the wrong answer for you.
- Answered in about 40 seconds, Mon to Fri 8:00 am to 7:00 pm
- No hold music queue, no transfer to a sales team
- Nothing is run against your credit file on a phone call
Call the desk
(404) 555-0180Saturday 9:00 am to 4:00 pm. Email desk@leaseyatl.example any time and you will hear back the next business day.