(MENAFNEditorial) Car lease is all about you driving a new car or vehicle of your choice without having to pay a huge amount or taking a loan. Leasing a car is all about driving aor vehicle of your choice without having to pay a huge amount for a long term commitment. All you have to do is make a small down payment close to 20% of the car's MSRP followed by monthly payments for the duration of the lease and then you return the car when the duration expires.
However, car leasing has some small negatives which are:
Firstly, you cease using the car once your lease expires because you're not the owner, you only rented it.
Secondly, as time goes on, for example 10years, the cost of leasing several cars will be more than what will buy a.
The terms of lease can carry some penalties especially if:
You go farther than the number of miles in your lease contract.
You fail to keep the parts and body of the car in good condition.
Leasing, however, is better than buying when you:
Don't have the money to buy a new one, used one or the desired one.
Won't likely exceed the number of miles in a contract—usually between 10,000 and 15,000 miles per year.
Are capable of taking good care of the car's parts and body and avoid damage to them.
Steps to get the best deal in a lease:
Step 1.Choose choose the type of car you want or the type you need. Is it a Jeep? Ram Truck or Chrysler Pacifica Mini Van?
Step 2.Pick After choosing, you pick the model you want, make a list and ensure its within your price range. You can reduce non-lease costs by including models with good gas mileage, high dependability, top safety features and low insurance premiums (ask your auto insurance agent for a list of vehicles that fit the bill).
Step 3.Take a test drive — after the list, select a few models and take each for a test drive and pay careful attention to comfort, visibility, braking, steering, internal noise and shock-absorption. At this stage, don't make known your intention to lease.
Step 4.Ask about safety— During your test drive, check if the vehicle has anti-lock brake systems (ABS), electronic stability control (ESC) and head-protecting side air bags which are all needed valuable safety measures.
Step 5.Compare lease deals — do your research, make a calculation of the lease deals on offer and know how much is within your financial power to pay monthly.
Step 6.Discuss the price — Anytime you return to the dealer to secure your deal, don't tell him yet you want to lease the car of your choice until you've bargained for a price.
Step 7.Negotiate - Negotiate the price. Don't be afraid to ask for more from the dealership. They want to sell you the car just as much as you want to buy it.
Step 9.Payment — The larger your down payment, the lower your monthly pay. Late payments attract penalties. Returning the car before its expiration date often results in a penalty except if you're switching it for another leased or purchased car.
Follow these steps and you can be rest assured you are getting the best deal possible for your.
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