Locating a great deal on new car leases is much simpler than it was just a few short years ago. Presently the auto industry offers some of the lowest leasing specials in years. New car shoppers can gain access to all of the data they need – in just a few minutes. Here are ten steps to help you locate great new car lease deals:
Step 1: Figure out how much you can afford to spend on your lease. Consider over all lease cost, down payment, monthly lease payments, and the length of your lease. We recommend looking at 24 to 36 month lease terms to find the best deals.
Step 2: Review multiple car brands looking for current leasing specials. Also review our current list of top lease deals and discover vehicles with the best leasing incentives this week. Perhaps a car you hadn’t originally considered could turn out to be the best deal for you.
Step 3: Learn the MSRP and factory invoice price for the cars you’re interested in. Print these out to take with you when you go to the dealership. When you negotiate with the dealer, work up from the invoice price and aim to pay less than the MSRP.
Step 4: Check the value of your trade-in, this can quickly be found online. Print this out as well to show to the dealer. Do not discuss your trade-in value until after you have agreed on the lease price. This should be deducted from the capitalized cost.
Step 5: Request multiple price quotes from local dealerships for the exact vehicle you’re looking for. The more dealerships you contact the more likely you’ll find the best car lease deals in your area.
Step 6: Work with each dealership to determine the best new car lease deal. Remember to compare deals based on the length of the lease term. You can communicate with dealerships via phone or email.
Step 7: Once you have agreed on an acceptable deal, request a copy the worksheet detailing all lease prices, fees, and taxes. The dealership should be able to fax or email you this information. Review closely, if you have any questions or notices inflated charges contact the dealership.
Step 8: Armed with the finalized deal, visit the dealership. Test drive the vehicle you’re planning on leasing, inspect for any damage.
Step 9: Carefully review the final contract to make sure all figures match the agreed upon price. Once satisfied, sign and enjoy your new vehicle.
Step 10: Throughout your lease, monitor your mileage closely and keep up with all maintenance requirements. Doing so should allow you to return your vehicle with no additional charges.
Request a free lease price quote today! Learn all you need to get the best deal on your new car lease. Connect with multiple local dealers offering the best leasing specials. Find current deals on the exact new car you want!
