CarLeasingSecrets.Com

Novated Car Lease

admin — Sat, 22 Nov 2008 02:30:27 +0000

Novated Lease is a car finance option that allows your employer to pay for your behalf from your pre-tax income for the term of the lease or as long as you’re employed. More and more companies are making it a centerpiece of their attraction strategy today. Novated lease is not something new, in fact it has been around for over 15 years. However in the past, a novated lease was solely available to top executives in white-collar jobs. As more employers sought more ways to attract and retain people, novated car lease has worked its way down the corporate ladder and a lot of employers now offer salary packaging to all staff who can afford it.

What are the Steps Involved in a Novated Car Lease?

You choose a car and organize a lease through a supplier or your employer may have their own car leasing company that they’d like to deal with.
After the Deed of Novation is signed for the term of the lease, this means your employer takes on the responsibility of making your lease payments.
Your employers makes the monthly car lease payments on your behalf through salary deduction.
When your lease term is up you can either pay the residual in order to own the car outright, trade in the vehicle or refinance the residual with another lease or loan.

Despite that your employer is making the monthly lease payments for you, the car lease is in your name. At the end of the day, you are solely responsible of the car lease, including if you change jobs and your new employer will not take over the lease payments.

What are the Benefits of a Novated Lease?

One obvious benefit is the reduction of income taxes
A Novated car lease can also increase the your (employee) spending power
The opportunity to make money on the difference between the residual and the market value of the car
Compared to getting a fleet company car, a employee can choose the car he wants, control the maintenance and take the car with them if they switch employers. There are also no restrictions on personal use and the company is not stuck with an unwanted car.

10 Tips In Negotiating Your Car Lease

admin — Fri, 21 Nov 2008 15:13:26 +0000

Do your homework so that the process will be smooth or else be prepared since processing your car lease can be a tedium task.
When you want to get the best out of your car lease, always tell the sales person upfront that you want to lease and you already have in mind what car to lease; and you know well enough about the car model. Give the car dealer the impression that you are well informed on car lease and that you know what is a fair deal.
Let the car dealer know that if you get a fair lease deal, you’ll lease within the day or else you’ll find another dealer or car leasing company that will give you the lease you want.
Negotiate for the car lease price (cap cost). Also ask about rebates, advertised specials, factory-to-dealer incentives, or discounts that can reduce your cap cost.
Ask about the fees concerning acquisition, disposition or other charges that can affect your cost.
Make sure you calculate your monthly payments. Compare your computed monthly payment with the dealer’s computation. When there is a difference, often it is a mistake, some are unmentioned extra charges, or your weren’t given the correct credit for your trade-in.
Never tell the car dealer how much is the monthly payment you can afford - you can opt to give him the price instead.
Don’t fall for the extended warranties, credit insurance, or add-on services.
Generally, it’s best to deal at the end of the day, at the end of the month, on a weekday, on a rainy day, or any sluggish period.
Never, never reveal to the car dealer how much you’re attracted to the vehicle.

Car Leasing and the Environment

admin — Fri, 14 Nov 2008 16:43:26 +0000

Did you know that CO2 emissions from cars are among the biggest contributors of the greenhouse effect?

According to J.D.Power, a market researcher, car buyers want to go green but not if it involves paying more. Even with the need and the desire to help the environment, many are hindered with the cost of going green and it’s quite apparent during this economically trying times. Although there are a lot of environment friendly cars, these type of cars are not easily available for the majority of the populace since most of these hybrid cars belong in the elite group with an elite price. Whilst car leasing is a good route to take in reducing your CO2 emissions, only 11% is willing to take in the extra cost. According to the survey, only educated women would go for this kind of car; and why is that gentlemen?

Compared to car loans, car leasing are more affordable. Driving in expensive hybrid cars are an arm’s length away since you won’t be stuck paying the entire cost of the car. You can even sport a new green car every two to three years without having the burden of paying large loan amounts. Compared to the regular car that’s leased, car leasing an environment friendly car can, yes, still eat up a chunk of your budget. However if you have something to spare for the environment, give it to Mother Nature for the future of your children and mine.

When you do decide to venture into Car Leasing, you might also consider picking these models so as to help fight Global Warming and the ultimate degradation of our environment.

Environment Friendly Cars you might consider in Car Leasing :

• Honda Civic GX

• Toyota Prius

• Honda Civic Hybrid

• Smart Fortwo Convertible/Coupe

• Toyota Yaris

• Nissan Altima Hybrid

• Toyota Corolla

• Mini Cooper/Clubman

• Ford Focus

• Toyota Camry Hybrid

• Honda Civic

• Honda Fit

Countries Interested in Car Leasing

admin — Thu, 13 Nov 2008 13:19:20 +0000

With the worldwide crisis, car enthusiasts are looking into car leasing to concord for their rather expensive interest. Even with the news that the US car leasing industry lags down due to the slowing economy, still other regions all over the world have developed an interest over car leasing with UK taking the first spot.

Pakistan has the second highest query rate for car leasing. With the popularity of car leasing at Pakistan, the direct impact is evident on it’s increasing inflation rate. With the car leasing, the middle class also have the chance to sport a new car ever two years.

As you can see the US’s interest over car leasing is only 15%. According to the Tennessee Journalist “When Ted Russell Ford turned down Harrison Pang’s leasing request for a 2009 Ford Focus, evidence of the lagging economy on the most profitable business in this country became readily apparent.”

Since I was quite interested to see what are the popular queries on car leasing were. I took the liberty on finding out what are the rising topics on car leasing in Google.

Car Leasing Offers
Car Leasing Deals
Cheapest Car Leasing
Audi Car Leasing
Vauxhall Car Leasing

Interesting. Especially for Car leasing companies.

Legendary Lies to Every Car Leasing Deal

admin — Tue, 04 Nov 2008 06:12:43 +0000

Naivete is left only to those who lack experience and who have not seen the worst. Needless to say, in car leasing the naive will have himself buried in neck-deep monthly payments and additional charges. No amount of questions asked can compensate for a discerning, critical mind in evaluating a car lease deal. This is so because of the multitude of car lease dealers who ply the road clandestinely at night, peddling their wares of questionable value.
These peddlers we call car lease dealers usually have the most inane concept of a business deal, a.k.a. car lease. For those who are not aware of their existence, let me introduce to you their language. Car dealers usually have the sweet tongue to sweet-talk you into thinking the car you’re leasing is an affordable eye-candy. Here are some of their pick-up lines: (Reminder: Don’t believe them.)
“You can lease your car with no rate, yes, zero rate!” This might cause a fiasco when the lessee learns that the interest rates are embedded in the skyscraper-high sales price.
“Our car leasing rate is not influenced by a financed rate.” The truth is, the greater the financed rate, the greater was the leasing rate added.
“In car leasing, the credit extension rate is mandatory.” It’s another way of milking me pure with honey, Mr. Car Lease Dealer. Simply refuse it.
“Oh, we only take car leasing from our partner bank.” Get lost! You have to change your car leasing company right away! This might be a cartel or a syndicate group you’re going to deal with.
“You pay easily for 84 months for the car lease.” If you’re into financing your car in this manner, the amount you’ll be paying is equivalent to buying two cars.

Last Resort Can Be Best: Lease Trading

admin — Wed, 29 Oct 2008 03:06:09 +0000

Plans change and circumstances are shaped by them. This applies to any situation, whether you’re about to go off with the man of your dreams to the Caribbean or simply getting rid of your leased car, which you might realize soon are more like the same.

To strategize is the name of the game; that’s why they came up with the word street-smart in Webster. You need that cause you sure would have to pay a hefty sum for early termination fee, if not.

So what will you resort to? It’s called lease trading. What you’re doing is transferring the lease to a new lessee by finding one in an actual bidding site. Caution: it may take some time but rest assured you have a legitimate buyer; more importantly, you have more time searching for a new car.

In lease trading, the new legitimate lessee will assume the responsibilities that go with car maintenance and other fees imposed on the car at lease end. The new lessee can take advantage of not paying down payment while you, well, you are free from the lease!

So how should you go about lease trading? You have to look for a professional trading site like tradecarlease.com. They can manage all lease trades there. You only have to post your car lease and personal information on the site and they will store that in their database, showing them to potential lessees. However, you need to be informed that you’re on your own in the actual transaction. You would have to contact the person and manage the paperworks. So you should take time doing it.

For everything it is for, it’s all for the glory of freedom from an old car!

A High-mileage Driver Can Still Lease

admin — Mon, 27 Oct 2008 09:09:09 +0000

Most drivers who go down the long, winding road occasionally by over speeding are easily put off by leasing; their reason, “No way is any leasing company milking me out of my pocket.” However, unknowingly, they have options to avail of a lease even if merely to test if it would somehow fit their lifestyle, considering it’s cheaper. We have come up with three work-around techniques for any fast and furious driver to use in getting around excess mileage issues.
Manipulating the lease deal is not prohibited; it’s an option. If you, in all intents and purposes, want to buy out your leased car at the end of the contract, then go for a low-mileage car cause it’s relatively cheaper. By then you won’t have to pay for the excess mileage at lease end since you’re buying it anyway. Cunning? Nah, I’d call it initiative.
Go for other parts of the lease where savings is a premium. Any leased car with high mileage means low resale value, which upsets your leasing company. These companies usually look for other means to offset the high mileage and as eye-candy for possible buyers. You can take advantage of this. Occasionally, also, a low purchase price is set on the leased car that the lessee can benefit from, as stated above.
When I say you use diesel on your engine, it usually paints up a picture of muck, eardrum strain, bad performance, well, think again ’cause diesel has changed over the years. In fact it is highly advisable for high-mileage drivers because of its relatively lower cost. It can also give you 30-40% more mileage than petrol.
Mileage has always been a pain in the neck for most drivers, but there sure is a way to go around it. So drive on, fast!

Most-asked Questions in YahooAnswers

admin — Fri, 24 Oct 2008 06:45:59 +0000

Whenever car enthusiasts, especially shoppers, are around, some questions continue to pop up about car leasing. Time-tested questions time and again are thrown at dealers and even YahooAnswers groups. Same old questions, same old answers. But then maybe it pays to repeat things, particularly if they’re as important as influencing them to believe in leasing as a good form of car ownership.

The following are the most significant questions and the hardest to answer, but they’re answered for you, nonetheless.

How can I get out of this lease even before the contract ends?
At times, things don’t work out the way we want. They drift into detours; then you find yourself not needing your car. This is true when your wife suddenly adopted two Asian kids from UN and the whole family won’t fit into your sedan. To make things easy, there are three options you have: find someone to assume the lease, sell the car yourself, or hand in the keys and walk away. The first option needs you to call the leasing company and ask if they would allow somebody else to “assume.” You might be needing $300 for fees. And be sure that the mileage does not go beyond what’s allowed. The second option will demand research from you. You need to check on the standard market price of your car. Even if you’re short by $1,000 or $2,000, you’re still better off with a new car. The third option is simply not a good choice. It will show as a “repo” on your credit record.

How can I buy out my leased car at the end of the contract?
When it happens to you, like to many, who went love struck with their leased cars for the comfort and familiarity and other times memories that go with it, the first thing to do is check its residual value. If, unfortunately, it’s higher than what you can afford, remember one thing: it’s negotiable. Next move is, call the leasing company.

How can I avoid extra expenses at lease end?
When you’re counting the days for Judgment Day, you secretly wish you’re not going to pay for your car’s after-life. To give you a clue, most leasing companies are bent on earning from returned leased cars. Good thing, there are maintenance tips that can help you with that: Get a car wash and have it detailed. Keep maintenance records as evidence. Have it serviced at regular intervals. Fix damages. Stay on regular mileage.

Should You or Should You Not: Lease?

admin — Tue, 21 Oct 2008 06:27:37 +0000

Okay, I got it. I heard you, people. And I will answer your questions now. But please, don’t bowl me over, okay?
Here’s what you need to ask yourself when you’re thinking of leasing and everyone tells you no. Oh well, not just plain and simple “no,” but “NO!!!”
You need this, buddy, ’cause it all boils down to what you need and want: not what THEY tell you.
First question: Do you have the cash, or can you afford a monthly payment without losing a house or something to that effect?
If your answer is no, then leasing is for you.
Do you keep the vehicle for more than five years?
If yes, then go buy a car instead. Leasing is usually good for two to three years only.
Do you drive a lot?
If you drive more than 20,000 to 25,000 km per year, leasing can be such a pain in the ass. So go get a used car instead.
Does your dealer show you “full disclosure” lease agreement?
If no, go find another dealer somewhere else. All contracts no matter how tough are fair. Be sure you see that in your dealings with any lessor.
But, hey, the most important question to ask is this:
Have you done your part? Go ahead and do some reading before you say leasing sucks.

How to Negotiate with Ease

admin — Wed, 15 Oct 2008 01:48:37 +0000

When you face the dealer, be sure you know your trade-in value. Don’t stand there and act dumb. You are inviting hell to break loose.
Keep that dealer invoice price for the car you want in your pocket always. Let nobody tell you, you don’t know the trade.
Don’t pretend that you know how to calculate monthly payments unless you really know ; negotiate for the price, not the monthly payments for your own peace.
Feel comfortable to walk out when the negotiations don’t work for you.
Let the dealer know that you know leasing and that you know what you are doing.
If the salesperson seems to be playing games with you, tell that person to stop. But restrain yourself from kicking his butt.
Don’t give the dealer any deposit during the negotiations.
You can always ask for another salesperson to negotiate with; if not, then walk away, right away!
Never give a dealer what you can afford for monthly payments. Give him an exact price instead.
Never agree to bring home a car for a night without settling a deal.
Make sure your well-being is intact during negotiations. When you feel tired, confused, or pressured during these times then you’re doomed.
When that dealer starts telling you that lease prices are not negotiable that means he is bluffing. Same as when he says that your source of invoice price is wrong.
Say no to extended warranties, add-on services, credit insurance, and other “miscellaneous fees.”
Always compare the dealer’s calculated monthly payment with your own, to make sure it’s accurate.
A slow day, like when it’s rainy or on a weekday, is a good day to negotiate.
Always negotiate the price up from the dealer’s cost.
You are now a certified lease negotiator!