Archive for March, 2014
Leasing offers some great advantages in comparison to buying, like lower monthly payments and flexible credit requirements. Read on for three things you need to do before you sign a car lease:
1. Check your credit
Your credit rating plays a key role in the lease deal you are able to get. Drivers with better credit will qualify for better rates. You should check your credit score before you start shopping, and clear up any errors that reflect negatively. Even if your credit is less than perfect, it’s best to be informed before you head to the dealership. Qualifying for a car lease is often easier than for a loan, experts say. That means that even drivers with imperfect credit are likely to qualify for a lease than for a purchase.
2. Know your cash flow
One of the perks of leasing is that you pay less each month than you would if buying the car. The average monthly payment at the end of 2013 was $420 per month, and most lease terms were in the 24- 36-month range.
If you were to purchase a new Volkswagen Jetta, you could expect an average monthly payment of $389, but you may be able to lease the same vehicle for an average of only $287 per month. However, keep in mind that you have to return or purchase the car when the lease is up.
3. Don’t just shop for a car, shop for a lease
Unlike car loans, which are offered by a variety of institutions, most leases are controlled by the car manufacturer. Therefore, if your preferred brand isn’t offering a good lease deal, you should consider other makers.
Also keep in mind that the company offering the lease financing will look at your income/debt ratio as well as the lease-to-value ratio, which refers to the amount financed in comparison to the value of the car. You may be required to put additional money down or have a co-signer for the lease.
For the top lease deals from dealers in your area, visit CarLeasingSecrets.com today!
Many people don’t realize that everything about a car lease is negotiable. However, dealers might not expect you to know how to negotiate. If you are looking for a car lease, read on for tips that could save you money:
* No matter whether you’re leasing or buying, a competitive situation between dealers will get you the lowest price. Use CarLeasingSecrets.com’s free lease quote system to shop for the best leasing terms. When dealers know they are bidding against one another, they will offer better terms.
* You should always negotiate the purchase price (known as the capitalized cost), not the monthly payments.
* Find out the residual value that is being used used to calculate the amount you’ll pay, and the purchase price of the car that you would pay if you choose to buy the car when the lease ends. You also need to know the money factor, which is similar to an interest rate. To calculate the interest rate, multiply the money factor by 2,400.
* Be sure that you are aware of all fees involved. You should expect acquisition fee at the start and a disposition fee when you turn in the car. But remember- these leasing fees are also negotiable.
* Your lease should include what is known as guaranteed auto protection, or GAP, insurance, which protects you in the event car gets stolen or totaled. The GAP is the difference between the balance owed on the lease and the value of the car.
* Shorter lease terms are better, as they take advantage of a major “plus” with leasing- you get a new car more often. You don’t want to make payments on a car for 4-5 years and own nothing. Also, don’t sign a lease on a car for longer than the manufacturer’s bumper-to-bumper warranty.
* If the dealer tries to sell you extras like undercoating, a security system, or window etching, say no! Why buy extras for the bank?
Request your free, no-obligation lease quotes today at CarLeasingSecrets.com and see what deals await you!
For all car enthusiasts, first time car buyers and in general, all people with the intention to lease a vehicle this year; we have put together a list of the most common car leasing myths:
1. Buying is cheaper than leasing
Generally, this is only true when you keep your car long after the the loan has been paid off or if you paid in cash. If you trade-in your car before it’s completely paid off, leasing could actually be cheaper.
2. It’s impossible to negotiate a good deal
You can actually negotiate an even better deal by learning some basic car leasing terminology, including capitalized cost, residual value and money factor. Request free quotes from competing dealers using CarLeasingSecrets.com to get the upper hand in negotiations.
3. Only businesses get tax breaks on car leases
Individual drivers can get them, too. In almost all states, you just pay sales tax on the monthly car payments, rather than the purchase price of the vehicle. There are exceptions, though: Texas, Virginia, Arkansas, Maryland, and Minnesota.
4. You have to pay large fees when you return the car
You can negotiate every aspect of the lease, including a higher mileage limit if you need it.
*5: If you want out of the lease early, you’re stuck *
There are opportunities for people who want to switch cars early to connect with those looking for who want a short term lease.
Visit CarLeasingSecrets.com for great lease offers on the car of your dreams!
New car leasing shoppers can find plenty of great lease deals this March, no matter your budget. Current lease deals often ask for a down payment, which brings the monthly payments down to a smaller amount. If low monthly payments are a must-have for your new car lease, you should be prepared to put down some cash up front. The lease deals below represent some of the best that may be available now; visit CarLeasingSecrets.com to see available lease offers from dealers in your area.
If you’re in the market for a compact luxury SUV, dealers are offering lease specials on some top rated models. The 2014 Acura RDX is available for $399/month for 36 months when you put $1,999 down. The 2014 Infiniti QX50 can be leased for $399 a month for 39 months, with a $3,999 down payment. The 2014 BMW X3 is offered at $459 per month for 36 months when you put $4,184 down.
Those looking for affordable midsize cars should check out the 2014 Hyundai Sonata. It’s available at $199 per month for 36 months when you put $2,199 down. The 2014 Mazda6 can be offered for $209 to $219/ month for 36 months with a $1,999 to $2,009 down payment. Honda’s 2014 Accord sedan can be leased for of $219 per month for 36 months with $2,499 down allemagne viagra.
Keep in mind that lease offers may change and may not be available everywhere. The best way to keep up on current lease deals by requesting a free quote from CarLeasingSecrets.com.