Finding the Best Car Lease Deals
For most of us, hunting for the best car lease deals is such a complicated and tedious work. It's the right combination of sweat and good research. Generally there are several ways for hunting car lease specials and this article dishes out five (5) tips which have been proven to be quite effective.
- Go to your favorite car dealer and start the negotiation with a sales rep with the purchase price of the car then the monthly payment. Go and visit some reliable websites and find out about new car pricing and Manufacturer's Suggested Retail Price, or MSRP. Find some information regarding capitalized cost and invoice price so that you'd be well equipped during the negotiation. To set your bracket for the lowest Capitalized Cost possible, upon negotiation keep the residual value high since it has a direct effect of lowering your monthly payment, money factor must equal the interest rate, and lastly choose the lease term that works to your benefit.
- The Sunday paper usually presents several ads on car lease specials, so be sure to grab of a copy. Most of the deals are only valid for a short period of time and supplies are limited. However, if you present a copy of a lease ad to a competing dealer, they would most likely be forced to match the advertiser's price.
- Use websites and advertisements that claim to offer the best car lease programs. They ask car lease shoppers for personal information so they can provide further info of the lease deals.
- Use websites which allow car shoppers to compare available car lease deals in terms of monthly payment, down payment, and lease length for their favorite vehicle. This saves time for the car shoppers who don't want to deal with all the technical terms of car leasing negotiation and just want to proceed with the monthly payment that they feel the most comfortable with.
The internet is a poweful medium, it comes highly recommended that you take full advantage of it. Try emailing the online fleet manager of your favorite dealerships. Tell them about the car you are eying at, wait for their proposed quotes, and then compare their proposals against each other. Pick the dealership you would like to proceed forward and start the negotiation. Generally, the price quote from the internet fleet manager are more competitive which should get us a better place to start the negotiation.