05 Dec

Breaking Off Car Lease

Break Off Car Lease 
It’s never too soon to be thinking about the end and break off your car lease. Many people who know they should do some homework and prepare for the beginning of a lease overlook the need to also prepare for the end of the lease as the time nears.
Get Out of Your [...]

01 Dec

Closing Car Lease Deals

Closing Car Lease Deals Terms 
Signing the lease contract is only the beginning of your lease. After the signing, your contract is turned over to the leasing company. From this time on, any concerns or questions about your lease should be directed to the leasing company, not your dealer. Go to your dealer only for issues [...]

29 Nov

Car Lease Deals Negotiations

Negotiating Car Lease Deals 
Some experts have suggested that you initially not inform the dealer how you plan to finance your car — that you wait until a price has been established, then tell them that you want to lease. Don’t do it! It’s old advice and it doesn’t work well anymore.
Up front, let the salesperson [...]

27 Nov

Best Car Lease Deals

Best Car Lease Deals 
What is a good car lease deal? How do you know a good deal when you see one? And where do you find deals? Being able to recognize a good deal — or a bad deal — is an important part of successful automobile leasing.
Negotiating or finding a low lease price is, [...]

22 Nov

Car Lease Terms Contracts

Car Lease Terms Contracts 
Auto lease contracts, or “lease agreements,” are all slightly different in detail, but contain important common elements that should become familiar to you. In fact, you should pick up a blank contract form from your dealer before you actually plan to lease to allow yourself plenty of time to examine it. Seeing [...]

19 Nov

Car Lease Price Fees and Taxes

 Car Lease Price Fees and Taxes
In car leasing, as in buying, there can be charges, fees, and taxes that often surprise newcomers. Fees can differ by dealer, leasing company, and by the state in which you lease. The same charge or fee can sometimes have different names in different lease contracts. Some of the fees [...]

16 Nov

Car Lease Finance – Monthly Lease Payments

 Car Lease Finance – Monthly Lease Payments
We’ve already discussed the separate factors that contribute to the cost of car leasing: net cap cost, cap cost reductions, residual, money factor, and term  (see How Leasing Works).  Now, let’s put it all together and see exactly how your monthly lease payment is determined.
The “secret” lease payment formula [...]

16 Nov

Car Lease Terms

Car Lease Terms – How Car Leasing Works
Automobile leasing is based entirely on the concept that you pay for the amount by which a vehicle’s value depreciates during the time you’re driving it. Depreciation is the difference between a vehicle’s original value and its value at lease-end (residual value), and is the primary factor [...]

16 Nov

Two types of car leases – open and closed

Two types of car leases – open and closed

Automobile leases come in two varieties: closed-end and open-end. There’s a big difference between the two types and you should understand that difference before you sign your lease contract. Federal regulations require that the type of lease be clearly indicated on all lease contracts.
Dealer salespeople typcially don’t [...]

14 Nov

Should I Buy Lease Car?

Should I Buy Lease Car?
Although you may be attracted to the many benefits of new car leasing, you should consider the questions below before making a decision. If you answer “yes” to any of the questions, it’s a good indicator that leasing may not be right for you. To do otherwise could cause you a [...]