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“I appreciate the fact that the McMahon Automotive Group offers full service and one stop convenience, with purchase and lease options, for new and used vehicles of any make or model. No customer ever goes away from McMahon Automotive without knowing the personal commitment of the McMahon family and their dedicated staff, all of whom share in a very special mission and resolve to serve with distinction.”

- REV. ZACHARY W. NAVIT, PASTOR

Director of General Services Archdiocese of Philadelphia

Vehicle Leasing

McMahon Automotive Group will lease any make or model vehicle, new or used, including automobiles, SUV’s, passenger vans, cargo vans, pickup trucks, box trucks and buses to both individuals and fleets anywhere in the USA.

McMahon offers a full assortment of leases

Closed End Lease
Open End Lease
TRAC Lease
Dollar Buy Out Lease
Interim Lease

Closed End or “walk away” lease is structured on a net-lease basis where at the end of the lease the vehicle reverts back to the lessor. The resale value is guaranteed therefore the full risk of the residual value rests on the lessor. The lessee is only responsible for excess mileage and excess wear and tear.
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Open End Lease are net-leases for commercial users, whereby the lessee is responsible for the residual value at the end of the term. At that time the lessee has the option to purchase the vehicle for the agreed residual value or return it to the lessor. If returned, when the vehicle is sold any wholesale gain, minus disposition fees, is returned to the lessee. If there is a deficit at the time of sale the lessee is responsible for such a deficit. Since the lessee is responsible for the residual value, there are no excess miles charges or excess wear and tear charges on this type lease.
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TRAC Lease contains a terminal rental adjustment clause that guarantees your business a certain residual price for the vehicle when the lease expires. This is the most common type of lease for business owners. The fixed purchase option is normally expressed as a percentage of the initial value. You are required to pay any deficiency if you choose not to purchase the vehicle if the net sale price is less than your fixed purchase option. The lessor maintains the depreciation while they pass onto the lessee a lower payment.
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Dollar Buy Out Lease is simply where the vehicle is written down to a dollar and at the end of the lease term the lessee takes ownership of the vehicle.
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Interim Lease is a very unique lease offered by McMahon to its clients for a short term period on a month to month basis for a minimum of three months. This type lease could be used when hiring a new salesperson, a special short term project, possibly an out of town contractor or just when one needs an extra vehicle for a short term need in their household.
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