Leasing is attractively customizable and convenient, overall. It’s a convenient financing option for every driver. That’s not to say that it doesn’t have any downsides, though. Fees, deadlines and complex financing are a few things that can cause anxiety. The good news is that there are ways to avoid the headaches. Take a few minutes to read this article and save yourself some time and money.

Consider this. When you buy a house, you have a mortgage. You get pre-approved at a few banks and then you make an offer when you find the house you want. The financial math is complicated but the process is fairly straightforward, not usually involving numerous factors to think about at one time.

Be careful! The last thing you want to do is make it to the end of your negotiations with a salesperson and end up finding out the deal isn’t as good as you thought. Or, worse yet, you actually sign a contract without understanding the terms. There’s a lot of information to take in when you’re looking for a vehicle. Sometimes shoppers miss the details. Sometimes the details aren’t prominently shown. Look out for the following phrases, which are often in the small print. Also, make sure the numbers add up before you sign anything.

Over 40,000 new cars are sold each day, according to 247wallst.com. With so many people needing a new ride all the time, it’s helpful to know how to save money on one. There is one discount you can get just for being who you are. It’s the demographic incentive discount. Many dealerships offer it to the following people.

Leasing provides an inexpensive way to get a new car and drive it for 2 to 6 years. But leasing isn’t just economical. It’s also convenient in ways we don’t usually notice. Here are some reasons it’s convenient and some scenarios in which leasing can be especially advantageous.

Continue reading ‘Overlooked Conveniences of Leasing: Scenarios to Recognize’ »

Financing always entails risk. When we borrow money, we risk running into penalties and seizures of property if we can’t meet our obligations. Since leasing is a type of financing, it’s no different. Although there are ways to avoid defaulting on a lease, such as finding someone to take over the lease or selling the vehicle, it’s best to stay as safe as you can. This article explains one of the most important and least understood concepts in auto financing, closed end and open end leases.