The Good You Get from Car Leasing

Car leasing has gained momentum against car buying over the recent years despite the various money-back guarantee offers and other cut-back on prices and other purchasing promos for car buyers.

This fact is brought about by changes in lifestyle and preferences of today’s car owners. With car leasing, the car owners or soon-to-be car owners are given a large to enjoy the latest trend cars, equipped with the most up-to-date sound system and entertainment set-up. For those who don’t intend to own a car for so long a time, for about two to three years, car leasing is a highly desirable option.

So let’s try to delve on the positive this time, given the fact that the car wanna-be owner is resolute about leasing the latest model at a specific price range. It’s also necessary that he has chosen the right dealership, with whom he can strike a good deal.

As mentioned in the previous paragraph, car leasing will allow you to enjoy the most state-of-the-art safety innovation, updated technology, and advanced entertainment system.

Second is that buying would be your prerogative. For as long as you stick to the mileage limit and is cautious about your car’s state in terms of wear and tear then at the end of the lease, you can buy the car outright or just hand in the keys and walk away to get a new one.

Another reason why you should get a car lease instead of purchasing is, you only have to pay for the depreciation of the car for the time it would be under the lease, so the monthly payment is not that high. There is a 30%-60% difference in the monthly payment when you purchase a car or just lease it.

The last plus factor for a car lease is that everything in a car lease from square 1 to closing the deal is negotiable. Everything depends on your research and negotiation skills. If you are well informed of how the dealers are competing in terms of pricing, then you can capitalize on that and be able to strike a deal to your advantage. With your perseverance to shop around for the best car lease deals, you can get the best insurance for your dream car with the maximum probable mileage.

Sources:
http://www.car-leasing-help.com/
http://www.leaseguide.com

Car Leasing: The Process

The first step in car leasing is not that hard to take. You just begin by finding a car that suits your needs and preferences and budget. Try to dig in more on the pricing of the model you have chosen by doing some research. Try to calculate the monthly payment for the car lease by using the tool Calculate Your Own Lease Payment or you can use the web site Bankrate.com. Bear in mind that you have to minimize the drive-off fees and that a three-year car lease term would be the best option. You have to decide on how long you are going to keep the car, and find out how much mileage would you be able to consume and compare that to what the car leasing company allows you for the car lease. You can also add to that information the charges for extra miles.

The next step to take would be to undergo phone brigade, asking around for prices. One useful tip in doing so would be to give them the specifics of the car lease you want. You can tell them that I want a price quote for this model including the drive-off fees for a three-year car lease term. Don’t forget to ask also to have the taxes included in the calculation. Try to delve further on peripheral issues like asking for the liability during accidents or loss of the vehicle, if there’s gap insurance and how much, and also ask about the depreciation of the car. Take note that gap insurance is usually included in the lease but not part of the car leasing company’s policy. The catch here is that if in case your car gets stolen and you don’t have this then you get to pay more than the amount of the car lease as a whole.

After they give the initial pricing, write it down. Call another company and ask the sme questions for you to have basis for comparison. Call the same car leasing company again and see if they have altered their initial pricing. Do so until you have enough information. Once you have chosen the car leasing company you want to lease from, ask them to send you the “lease worksheet,” which is the document containing all the numbers you have agreed upon. In this case, you have a record of your agreement and not just a verbal one.

These steps need to be taken with precaution and perseverance since you would be dealing with people who are aiming to close a deal with the best amount that would work to their advantage. So take a shot and brace yourself.

Sources:
http://www.edmunds.com

http://www.ehow.com

Car Leasing versus Car Buying

How different is car leasing from car buying? First things first, a car lease would allow you to rent a car and not own it. In a car lease, you return the car after the term ends. When you buy a car, you own it as soon as it gets fully paid.

Your monthly payments for the car lease would include payment for the depreciating value of the car as well as the interests, surcharges, taxes, and fees while for car buying you would have to pay for the full purchase price of the car.

Another advantage that car leasing has against car buying is that in case you want to return the vehicle, you can easily surrender the car and walk away. In car buying, you would have to trade in or sell the car when you want a different vehicle.

Most car owners would prefer to have the latest models and other innovations and amenities for cars. Here is where car leasing would play a big advantage since it would allow you to trade in your old Volvo for the latest C30 after two or three years, depending on the agreement you have.

However, to compare the two methods of owning a car, we would have to be impartial. What bothers most people about leasing is that it’s almost next to impossible to find a good deal for a lease. Some leases would offer you a low amount, not disclosing a lot of hidden charges. So what to do? Do research and don’t be in a hurry to choose. That’s the only way to ensure the best deal whether it’s car buying or car leasing.

Sources:

www.automotive.com

http://www.automotive.com/auto-loans/36/loan-tips/car-leasing-vs-car-buying.html

http://www.car-leasing-help.com/

http://www.neighborhoodlaw.org/page/78&cat_id=81