How To Lease A Car
Familiarize Yourself With Leasing
Car leasing is comparable to renting a car, but it’s for a longer time period with additional fees. A lot of people would rather lease than buying one as it would allow them to drive the car with lesser money involved compared to actually buying a new one.
Plan What Your Lease Deal Shall Be Like
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It would be best if you lease your car for no longer than three years just so you can ensure that you’ll still be protected by the standard bumper-to-bumper warranty which will end in three years. There are people who may be tempted to extend their leases for up to five years so that they can reduce their lease payment per month. This is absolutely not a good idea since you’re just investing a lot more of your money to something that will never be yours and the worst part is that you’re going to need some repairs that might be expensive.
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It would be wise to ask your insurance agent if you can get a coverage quote. Keep in mind that lease companies will definitely ask for higher levels of coverage compared to coverages applied for cars that are purchased.
Know Your Lease Payment Per Month
It would be best if also have an estimate to your possible lease payment so that you can effectively determine which deal is the best one for you as you continue shopping. You might find the formula to be complicated, but with patience, you can possibly calculate the lease payment that you’ll have to pay. You can actually find lease calculator from the internet and use it to generate a payment as you adjust the parameters needed such as mileage and down payment.
Checking Out Lease Deals from Manufacturers
There are times when carmakers would offer lease specials that are highly discounted. You should also check whether or not the stated monthly payment already includes the sales taxes and other fees and if you still need to pay up for high drive-off fees, which is the same as making down payments when buying a car.
Find The Car You Really Want To Lease
You should take a look at all the available cars for sale from a dealer you trust so that you can have a complete list of cars to choose from. If you already found a car that interests you, you should contact your dealer in order for you to make sure that it is still available for lease. If there are a lot of other dealerships out there that offers the same car, then you definitely are in a far better position to negotiate with regards to a better lease payment.