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Monday 12 December 2011

3 Factors To Consider Prior To Pushing On With Car Leasing

By Arlene Parks


Many people prefer a car lease at the expense of making a cash purchase. This may be due to some reasons that do not necessitate having cash acquisition or you perceive car leasing is cheaper than any other mode of vehicle acquisition. Depending on the prevailing circumstance, there are important issues you need to know before going ahead and leasing.

First is knowing the car leases type you might need which might be determined by the reason for leasing. With the existence of different cars, you must bear in mind the single model, its size and features that would suit your requirement. Prior to visiting the dealer, have in mind what you need to evade being exploited by the dealer because they are well conversant with the different models. Additionally, they can thus charge you highly for their maintenance.

Secondly, make sure you have knowledge of the price of what you wish to buy. For example, you would notice that models that have high lease residuals could be resold at high values and this could give you the best deal when it comes to your lease. Another important factor you should consider is the present market condition relating to the car you plan to lease. You need to be careful of present and future changes that could occur on the price of the model and also the demand as well as the supply for the product. Comparing the factory invoice price with the price of the retail the dealer offers is also important.

Another factor to consider is those dealers who may offer discounts. Though you may be the kind of person who never likes negotiating prices, you can visit the internet to see the different retail prices for different dealers and make price comparisons. Some dealers have the discounts quoted against the prices. Avoid dealers who stick to fixed lease prices.

Fourth, it will be important to find out whether there are any present promotions concerning leasing of vehicles. Some manufactures will have promotions on their vehicles for a given time. It is good to check for such because it may coincide with your lease time and you are likely to get favorable lease deals out of it.

Once you have had your mind set on the model, the charges and also knowing how to obtain the best deals on promotions and discounts, you should evaluate yourself on what you are be able to afford basing on your financial position. Using an affordability calculator could help you know the highest price you could pay for your preferred model.

Finally, it is important to know how leasing work before you begin the leasing itself. You need to understand very well the mode of payment, terms and conditions, the timing of payment and any other necessities your dealer has established. Before you decide, finally communicate accurately with the dealer to identify hidden information.

Putting into consideration all the above factors will result to get a car arrangement that is successful. Be keen to obtain the best of whatever you aspire to steer clear of any regrets in future. All the same, leasing is long-term matter.




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