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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 [...]

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 [...]

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 [...]

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 [...]

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. [...]

 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 [...]

 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 [...]

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 [...]

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 [...]

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 [...]