Guidelines for Obtaining a Car Lease Deal

Obtaining a car lease deal is a task that is quite challenging. In fact, it can even be much more humiliating in case you are among those who have never indulged in the act. However, that should never scare you from obtaining a car lease deal whenever you have got the need. Obtaining a car lease deal is a task that is quite challenging. In fact, it can even be much more humiliating in case you are among those who have never indulged in the act. However, that should never scare you from obtaining a car lease deal whenever you have got the need. There are certain factors that you should put into consideration every time that you are intending to obtain a deal fro car lease to ensure that you get the best one. However, you need to get it straight that obtaining a car lease deal is very different from owning a car. It merely means that you are only financing part of the value of the car for the period that you are going to be using it.

Below are some guidelines that should lead you into obtaining a car lease deal without loosing your bucks.

- Negotiate The Initial Cost

When obtaining a lease deal for a car, it is very important that you know how to negotiate the initial cost of the lease. In fact, you should make efforts and negotiate the cost towards the lowest figure that you can afford. However, you should ensure that you negotiate on a cost that is fair both to you and the person who is leasing out the car. Quoting very low rates may make the owner of the car to think that you are not serious with the deal. However, you should ensure that you arrive at a price that you will be able to pay off monthly without difficulties.

- Get Better Residual Value Estimates

The residual value refers to the value of the car when its lease is up. It is advisable that in order for you to get the best car lease deal, you should look for cars that have got higher residual values. This is because; the amount of the lease is mainly based on the car's value both at the start and at the end of the lease term. In case you choose a car that is bound to lose more value as its term elapses, there are higher chances that the lease will be more costly. You should have an estimate of the residual value of the car to assist you in negotiating for a better lease deal.

- Compare Different Lease Terms Over Various Periods

A variety of lease terms are often scheduled to last for a period of up to 36, 39 or even 60 months. A car lease deal that last for a longer period of time enables you to spread out the monthly payments such that you will not have to pay lots of money for the lease every month. However, this can also mean that you are financing the better part of the useful life of the car. In order to obtain a better car lease deal, it is advisable that you first go through the options offered by the dealer for different periods of time. This will assist you in choosing one that suits your needs.


By: Virgil Harry

If you are a car enthusiast, car leasing is the best way to try different cars. When searching for the best car lease deal, these are some guidelines that you should strictly follow before finalizing on a deal. Click on this link to find out more.

Article Directory: https://www.articledirectoryusa.com

Source: http://www.articledirectoryusa.com/article/category/vehicles/guidelines-for-obtaining-a-car-lease-deal/

Article Tags: car lease , best car lease deals

Submitted On Nov 02, 2012. Viewed 199 times.

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