In some situations a car lease is the perfect solution for people who can’t afford the car they really want. It lets the person drive their dream car without emptying out their bank account or applying for a long-term loan. Leasing a car only requires a small down payment followed by monthly payments.
And when the lease is over after a certain period of time, you only need to return the car to the dealership and you have no more obligations. If you’re interested in leasing a car, we should talk about more in-depth to give you an opportunity to see if it’s the right solution for you.
If this article peaks your interest and you want to have more information about car leasing, head over to the Toomeylease website and find out in more detail about the pricing options you have. Without further ado, let’s dive into the subject…
When a Lease Makes Perfect Sense
Here is a short checklist that will give you an opportunity to see if you’re one of these people who could use a good lease. Leasing a car is beneficial when you:
- Simply don’t have enough money to buy a brand new car
- Want something that’s out of your price range
- Don’t want to drive the same car for more than three years
- Don’t plan on driving more than 15 thousand miles a year
Concerning the last thing on the list: you have to keep in mind that exceeding the mileage limit on your lease will cost you somewhere between 10 and 25 cents per mile. Therefore, if you don’t want to pay a ton of money at the end of your lease, you have to be careful about the mileage.
What’s more, the dealership will also hire a mechanic to inspect the car at the end of your lease to look for any wear and tear. Any damages will also cost you.
How to lease a Brand New Car
If you fit the description above, let’s now talk about the process of leasing. Right out the gate, we should tell you that leasing a car is much easier than actually buying one. However, if you want to get the best deal on your lease, here are some of the steps you should take:
Carefully pick a model
You should start making a shot list of cars you want. You can reduce the non-lease costs by including cars with high dependent, favorable mileage and low premiums.
Take it out for a test drive
As soon as you narrow down your list, go to the dealership and take each car out for a test drive. Pay attention to details like steering, breaking and comfort.
Compare lease deals
When you find out lease details, go home, and compare the deals and try to figure out how much money you’ll be able to spend monthly.
Negotiate your lease
When you decide what car you want go back to the dealership and negotiate the final price of the car from the rock-bottom cost to the dealership.
The Bottom Line
And now you know the basics of leasing. The last thing we should say about leasing is: beware of gab. Every salesperson will try push you toward closing the lease by focusing on the low amount you have to pay monthly. Look at the bigger picture and see the total amount you need to pay. This way, you want be fooled into overpaying for your car.