Friday, February 8, 2008

Tips For Lessors

Leasing or buying a car is quite the game for many dealers and this is one that you should know how to play well. After all, even if you walk into a store and lease exactly the same car as someone else, you might be shocked to find out that you might be paying higher than that other person if you are not well prepared. In fact the difference can be up to the thousands of dollars!

So before you go into the dealers, make sure that you know the exact car that you want, and also study up on its standard retail price as well. You should also have a clear idea about how much you want to pay as far as monthlies are concerned. This can be negotiated especially if you calculate the monthlies yourself just by knowing the residual value of a car. Do not give the salesperson the upper hand by allowing him to make all sorts of calculations for you. If you do that, then all is lost and you will end up paying more than you really have to. The two keywords here are research (what car you want and its value) and calculate (the monthly payments based on the residual value of the car).

Get more leasing tips here.

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