Leasing has become an increasingly popular choice for consumers. Low interest rates and leasing specials are creating the best car lease deals we’ve seen in years. You too can find great car lease deals in minutes by using the following tips.
Choose a Vehicle with High Residual Value. – Every vehicle looses value, but some do so faster than others. Consider leasing brands such as Lexus, Honda or Toyota, all know for higher than average resale values. Since you only pay for the amount the vehicle depreciates over the term of your lease, the smaller percentage you pay of the total price.
Negotiate Both Capital Cost & Lease Price. – The capital cost is the complete price of the new vehicle. It will be the same if you lease or buy. Learn MSRP and factory invoice prices before visiting the dealership. Negotiate the capital cost as far below MSRP as possible.
The lease price is made up of at least three parts based on the capital cost and other factors: finance and depreciation fees and sales tax. You can shop around or negotiate for the lowest financing and depreciation fees. These fees are spread out over your lease term.
Low Monthly Payments Do NOT Equal Deal. – Both dealerships and manufacturers advertise low monthly payment lease deals. Though cheap monthly payments may sound very tempting they do not always make for the best car lease deals. Lower monthly payments mean a longer lease term, in some cases they can add up to more than the sticker price of the new vehicle.
Advertised Leasing Specials Can Be a Great Deal. – In some cases the leasing specials advertised by car manufacturers and dealerships are truly excellent deals. This year we’ve seen many 0% APR lease offers. Usually these deals are not very flexible and only available to qualified consumers. If you qualify some will be better than a car lease deal you negotiate on your own.
Don’t Be Intimidated by the Dealer. – It’s true, you may not be an expert on leasing, but if you have done your research you know enough to get the best car lease deal. If you have questions, ask. If you feel uncomfortable, leave. Remember, you are in charge, don’t let the dealer pressure you into anything less than the best deal.
Find the Top Lease Deals in Minutes. – Researching the best car lease deals doesn’t have to be time consuming. Just request a free lease quote and we’ll provide you with all you need to find the best new car lease deal in minutes. Learn MSRP and factory invoice prices for the vehicles you want. Connect with pre-qualified dealers offering the top leasing specials in your area. Discover current rebates and incentives that could save you thousands. Start now and save!
