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Archive for December, 2010

Leasing a Car Basic Steps

The best way to get a good car lease deal is to make sure that you know all the car leasing secrets that there are in the market. Of course, you might not become an instant expert when it comes to shopping around for a good car lease deal. But knowing a few of the facts will definitely help you get the best deal there is for you. Here are a few things that you should know:

What’s a car lease deal?
One of the first car leasing secrets to know is that there are two types of car lease deals. These are the closed-end and open-end lease deals. A closed-end lease is one where you can return a car at the end of a lease contract and then simply walk away, meaning that you don’t own the car at the end of the contract. This is actually the more popular choice for people who lease vehicles. Open-end lease is actually more for commercial business and can be a little more complicated. The market value of a car is determined with this kind of deal and then the residual vale of the car is pre-determined. This means that a person who goes for this deal will pay the difference which can be quite pricey.

How is a lease calculated?
You might be wondering if there is some kind of difficult formula that the dealers use when they calculate your monthlies. The car leasing secrets truth is that it’s as simple as your ABC’s. You just need to know all the figures that you need for a simple equation. First, get the depreciation value of a car by subtracting the residual value from the cap cost. You divide the difference by the number of months you plan to lease a car. Then for the monthly finance charge, add the residual value and the cap cost and then multiply that by the money factor that can be given to you by your dealer if you ask politely. The result is the monthly finance charge. Add the monthly depreciation and the monthly finance charge that that is your monthly car payment. This may vary across different vehicles.

What are the Advantages?
Two advantages to think about are lower monthly payments compared to a purchase. These payments can be up to 60% less than if you purchased a car on monthly terms. This means that you can drive a much nicer car if you lease it. Upfront costs are also lower, with some down payments starting at zero, depending on the car. Paying a larger down, however, does not always mean that this will lower your monthlies.

What are the Disadvantages?
The car leasing secrets that most dealers will not tell you about usually involve many different fees. This includes early termination fees if you want out of a contract before it ends; insurance costs that will require you to pay more than you are used to paying for insurance; car mileage fees since leases will only allow you a certain annual mileage limit; and so-called “wear and tear” fees that are used to fix up any damages done to the car during the lease. These fees can run up to a hefty price if you are not careful.

These are the basic car leasing secrets that you should know about before you get yourself into a lease contract. Understand them well and you should have no trouble with a lease at all. Depending on your preferences, you can get the best car lease deal with a little knowledge and negotiation.

Lease Smart, Lease Safe Cars

Traffic accidents are probably one of the most frequent road mishaps and actually kill more than a million people in a year and injure millions more. From a statistics point of view, this is quite serious; and if you are on the look out for your next car leasing quotation or purchase, then the best advice would be to get car leasing quotations on safe cars.

What are safe cars? Basically, these are vehicles that handle the best on the road and in many occasions off it (with the exception of street cars). You can get car leasing quotations from brands like Honda, Audi, and even foreign brands like Hyundai from Korea, and the Subaru from Japan. Investing in a safe car is something you will never regret. You don’t want to become a part of the demographic that shows the many traffic accidents and fatalities caused by driving unsafe vehicles. So before you get the wrong car leasing quotation on an unsafe car, take a look at some of the safest cars that are available on the market today.

Honda CRV – The fact is that Honda is known to create some of the safest cars on the planet. They are also fuel-efficient and powerful vehicles. The CRV is no exception and comes standard with electronic stability control, front seat airbags, side airbags, air curtains in the front and rear side, active head restrains, antilock brakes, brake assist and traction control. Now this is a car leasing quotation that you don’t want to pass up.

Audi A4 – Considered to be one of the safest brands in the market, Audi knows what the consumer really needs. Standard in this street car are side airbags, antilock brakes, and an electronic stabilization program. Topping it off, the Audi has its own Quattro four-wheel drive and this car was already chosen as the safest back in 2007 by the Insurance Institute for Highway Safety. Grab a car leasing quotation on this safety monster today.

Subaru Forester – Are you looking for a car leasing quotation on a safe all-wheel drive? You may want to consider the Forester from Subaru, a company best known for their all-wheel drive products and turbo-charged vehicles. However, what you might not know is Subaru is also known for safety, unlike many of Japan’s manufacturers at present. A car leasing quotation will show you that the Forester, for example, comes standard with frontal and side impact airbags, an occupancy sensor, height adjustable seat belts, a panic alarm, rear child safety door locks, and a content-theft deterrent system. The optional features available include a bunch of other luxuries that are really up to the consumer to purchase or not.

Hyundai Entourage – Korea’s leading car manufacturer has been take great leaps and strides in their field of expertise. The first thing that you might notice beyond a car leasing quotation on a Hyundai is that they are known for their interiors. Ask anybody; they will tell you that a Hyundai probably has the best standard interior than any other. But that is secondary to the safety that their cars offer. The Entourage is a minivan specifically for the North American market and contains standard features such as an occupancy sensor, illuminated entry, a panic alarm, seatbelt pre-tensioners, traction control, frontal airbags, and side impact airbags. This car leasing quotation should be able to convince you that it’s one of the safest cars on the market to date.

Think about safety before your next purchase of a vehicle, and make sure your next car leasing quotation comes from a reputable manufacturer or dealer.

Saab & December: Amazing Holiday Lease Offers

Following another year of happy holidays’ news, Saab will continue to offer 0% auto loan rates during this whole month.

Most of the deals have a length of 72 months on most 2010 vehicles including the 9-3 Sport Sedan, the 9-3 Convertible, the 9-3 SportCombi and the 9-3X. The new 9-5 Saab will donate $50 per client to the Make-A-Wish Foundation if they test drive a new Saab from now until Jan. 3, 2011.

Other lease specials are the chance to lease a 2011 Saab 9-5 for only $439 per month with a down payment of $3.948 when signing your lease contract.

You can also choose to receive a cash incentive of $3.500 on 2010 models Saab 9-3 Sport Sedan, 9-3X and 9-3 SportCombi. Or a $5.000 cash incentive on 2010 Saab 9-3 Convertible if you choose to pay in cash or use a private lender, Credit Union or bank.

Visit us at and request a 100% free lease quote on any of these models.

Whether to Negociate a Lease Deal or Not

When you have all your car leasing secrets and tips in place, then everything should be easy. You should be able to negotiate well, especially if you have all the necessary tools, like the lease calculators and information on different cars. But you also must realize that there may be times when you don’t need to negotiate at all. This is important because you don’t want to turn off the dealer who just might think he will be better off leasing to someone else instead of you.

So the next car leasing secrets advice is know how to spot a great deal because there are some out there. A great place to find good deals is in your living room on TV or in the newspaper. This is because most of them are packaged deals already and are sponsored by both dealer and leasing company. In fact, these advertised deals are actually better than you might be able to negotiate.

What Our customers are saying

The lease rate I got by calling the dealer was $67 higher than the rate I got from Car Leasing Secrets. It’s all about the local competition. So happy with my Benz!
Cristoph Wiese
Athens, GA
This is probably the easiest way to get quotes and compare them. I got one from each dealer in my city. One of them was surprisingly low. The quotes are free. No worries there.
Kristen Fletcher
Albany, NY
What a great way to shop around! I wanted a Corolla. There’s only one Toyota dealership in my city but I got a quote for a Honda Civic and decided to go with that one because I got such a good offer.
Mark Dolan
Missoula, MT