Car Lease Deals
Searching for the best car lease deals? Do you know exactly how car leases are calculated and truly understand the terminology. If you don"t, you can find yourself stuck with a lease that can really cost you a lot of money, heartache, and stress. To avoid the mistakes most people make...
There are many ways that you can be taken advantage of with car lease deals. Here's 5 important factors you should be aware of... - Be careful if you have a trade in and owe more than it is worth. The dealer will hopefully give you credit for what it is worth and will add the remaining balance to the new car. Since you are leasing not buying, your payments will still likely be lower but this is not a good deal.
- Dealers may suggest that they require things like rustproofing, paint protection, maintenance contracts or extended warranties.Lease companies do not require these so, don't let the dealer talk you into paying for these items.
- Don't let the dealer tell you the lease price is based on the sticker price. Leasing is based on the rebate price, discounted price or the negotiated price.
- If you are going to lease, be sure that you know exactly how many miles you will be driving each year and how many miles you are allowed. Typically, this is between 12,000 and 15,000 a year but make sure.This could cost you a small fortune at the end of your lease.
Watch out for this tactic that you don't qualify for the special deal because you have a low credit score. The dealer will tell you this to charge you a higher interest rate. Be prepared, know your FICO credit score before you make that deal.
To make sure that you don't get hosed with any car lease deals then, you will want to learn all the tricks and strategies that car dealerships will use. You know they have perfected their sales tactics. Why be at a disadvantage? You can have the upper hand for a change. Learn how to negotiate and make your best deal ever.
If you want to spend less money, get more value and not get taken...
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