You may be surprised to learn that you can negotiate a car lease exactly as you would the purchase of a new vehicle. Car dealers have many opportunities to improve a lease deal if you know what to ask and how to properly negotiate. Though leasing can seem confusing you can learn everything you need to get the best car lease deals in just a few minutes.
Simply request a free leasing quote now, we’ll provide you with the best leasing deals in your area. Connect you with local dealers ready and willing to negotiate excellent leasing deals. As well as, give you insider price and incentive information!
The more you can get the dealer to lower the total price of the vehicle, the lower your monthly lease payments will be. Find out the MSRP and factory invoice price of the vehicle you’re interested in. Use these values to negotiate a price below MSRP.
Choosing a model with a high resale or residual value can lower lease costs further. Also remember that the older a vehicle is the more quickly it will lose it’s value. Consider 24 to 36 month lease terms for vehicles with 50% or higher residual value for the best deal!
Look for current manufacturer or dealership leasing specials. These are usually advertised and easy to find. Remember, these deals are only available for a limited time and to those that qualify. If you can take advantage of these offers they are likely to be the best leasing deals available.
Research your financing options through multiple lenders. Often banks or credit unions can offer better interest rates than a dealership. Look for interest rates around the same level as those available to you for a car loan. These will depend on your credit.
Make sure the mileage limits meet your needs. Also understand what the leasing company considers normal wear and tear. You’ll want to make sure you stick to these rules or you will end up paying more at the end of your lease.
Check for GAP insurance or coverage. This is must have – it will cover the remaining leasing payments if your car is totaled or stolen. Having GAP insurance will give you peace of mind even if it’s not required, and you’ll be thankful to have it if something ever happens.
Find out the length of the manufacturer warranty. Make sure it will cover your vehicle for the entire lease term.
Carefully read your lease contract before signing. Leasing involves many terms that may be new to you. Ask questions! Review the capitalized cost, APR, fees and taxes. Make sure all discounts and down payments have been deducted from the capitalized cost.
