As with just about everything, knowledge and information is nearly always empowering - especially with something with as many variables as automobile leasing. Knowledgeable and well-informed consumers can win the car purchasing game by making sure they get more for their dollar at dealers. They can be secure in the knowledge that they will get far better deals than those people that don't take the time or expend the effort to acquire the same knowledge.
Among the key factors when shopping for an item the size and price of a car, is to remember to do your own research and above all else - shop around. Never make the assumption that you have gotten the best deal you can get on anything until you allow someone else to bid for your business.
If our site does nothing else, we hope the information provided allows you to make a better, more intelligent decision about leasing your next car.
Lets' face it, buying a car is never easy, and it we don't need to tell you how expensive all new cars have gotten. It isn't about saving a few hundred dollars - your savings can easily be in the thousands. It is a demanding process. Negotiating for your new vehicle requires additional negotiating expertise and information.
We want to eliminate, or at least minimize, the leasing hurdles and costly mistakes that can be significantly reduced with good research, accurate details and a clear plan.
It is vital that your lease does not become a "fleece!"
Simple items like knowing whether you should lease or purchase your next automobile are critical to determine – and the answer isn't always as clear as you might believe.
Leasing or buying a vehicle?
This is a "smart" question to know the answer to; however it’s only the beginning.
- Do you have the know-how required to negotiate the absolute best lease terms and acquire a vehicle at the very best price?
- How does one discover the most favorable leasing terms?
- What’s the money factor or capitalized cost?
- Do you truly understand how the residual value comes into play?
- Are you aware that you can lease your next vehicle from a different source entirely, and you can actually void the transaction with the original dealership entirely?
- Is it possible to lease a car with absolutely nothing down?
- How many miles do you drive yearly?
- Do you wish to drive a luxury vehicle?
- How about leasing an outstanding condition high-end used car to save money?
- Do you like the idea of driving a new and different vehicle more frequently?
- How about assuming a lease or some of the short term agreements available?
- Advantageous lease terms and deals can change with the times.
- Do you know how you can calculate the real lease value before leasing your next car?
- So how exactly does your credit score affect the plan for the car you want to lease?
- Will leasing an automobile impact your auto insurance rates?
- Do you need special coverage?
The reality is: this ostensibly straightforward transaction is fraught with consumer risk.
The fiscal intricacies of many components of a new car lease like the money factor, residual, assignment fees, contracted and un-contracted excess mileage charges, gap insurance, purchase option costs, and dealership participation, can be incredibly confusing to even the savviest shoppers.
Leasing also is not necessarily for everyone. Take the time to understand leasing prior to making your decision. Continue to keep price as an important factor in leasing.
However, without accurate information, you can't be guaranteed your lease terms are favorable. Make sure you get all the information you need about car leasing.
