Tuesday, August 19, 2014

Before you get a lease...........

Before you apply to the car lease you should really need to focus following  things. Read carefully and get the idea.
The best lease deals are usually offered through the manufacturer in the form of subvented lease deals. When a manufacturer offers these lease deals, they typically lower the interest rate (called money factor), and/or increase the residual values to make the lease more affordable. You can see if a manufacturer is offering special lease deals by contacting dealers directly.

1. Always negotiate the price!
Many don't realize that you can negotiate the purchase price of a vehicle when leasing. This is called the capitalized cost, and it's a major factor that affects your monthly lease payment.
Be sure to use my Car Buying Method to negotiate the best lease deals.

2. Choose a Car with High Resale Value
When you lease a car, you're mainly paying for the usage of the vehicle. At the end of the lease, it's worth a lot less than when you first started driving it. You're responsible for paying this depreciation cost - which is the largest portion of a lease payment. By choosing to lease a car with high resale value, you minimize this depreciation cost.

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