Most car manufactures, dealerships, and leasing companies do not offer lease terms shorter than 24 months. If you’re looking for short term car lease deals you’ll need to look elsewhere. The problem with leasing for a shorter period of time is most often you’ll end up renting which is much more costly.
Another option is a lease takeover or assumption. Arrange to takeover the lease of another driver, assuming complete responsibility for monthly payments. Drive the vehicle for the remainder of the lease and return it to the lending company.
Often people looking to terminate a lease will be desperate and let the vehicle go for the bare minimum. They may even offer cash incentives or special leasing deals.
On the downside, the vehicle you’re leasing is no longer brand new. Depending on the previous driver, you may end up with a poorly maintained vehicle. Even paying extra wear and tear or mileage fees at the end of the lease.
If you are considering a short term lease, shop as you would for a used vehicle. Inspect the vehicle carefully and if possible ask for a mechanic’s opinion. Closely review the leasing contract as well, making sure the vehicle does not exceed the mileage limits.
Though short term leasing may save you money, it is not always as worry free as leasing a new vehicle would be. When leasing a new vehicle, enjoy peace of mind, knowing there are no hidden problems you’ll need to deal with. Choose the exact vehicle you want and payment plan that best meets your personal needs.
Whatever the lease term you’re looking for it’s important to know the following before signing the contract:
- Know the true value of the vehicle.
- Research all available rebates and incentives.
- Review all fees, taxes or end-of-lease charges.
- Check that the vehicle has GAP coverage in case it is totaled or stolen.
- Make sure the vehicle is under warranty for the lease term.
- Find out wear and tear expectations.
- Check that the mileage limit meet your needs.
- Make sure the lease is closed-ended.
- Find out what kind of insurance you need.
- Compare multiple lease quotes to determine the best deal.
Request a free new car lease quote today. Find the best car leasing deals in your area. Uncover current lease specials and dealer/manufacturer incentives. Connect with local dealers offering the best leasing deals in the industry. Learn all you need to find and negotiate the best car lease deal in minutes.
