Posts Tagged ‘car leasing’

Five Conditions In Which You Might Call For A Lease Car

Thursday, December 15th, 2011

Almost everyone would like to have a car and for those who already have a car, they would appreciate it if they get a great deal on it on their next purchase. In order to get a new car, you have two choices and these would include buying a brand new car or to opt for a car lease. Do you know their difference? Car leasing means you will be paying for using the car over a specified duration.

When opting for a vehicle purchase, you’ll have to pay for the entire vehicle; however, when you choose a cars lease, you’ll just have to pay for the certain time that you’ve used the car and this is indicated in the car leasing contract. Obviously, at the time that the vehicle leasing period has come to an end as detailed in the contract, then you can also opt on purchasing the car.

You can only enjoy the car lease advantages for a particular time period. The greatest advantage about it is that you’ll be able to get a brand new car after several years when your car leasing contract has come to an end. There is nothing to worry particularly on major repairs.

Unlike purchasing a new car upfront, the monthly bills will be easier on your wallet. But, one setback of vehicle leasing is that you may encounter a long term burden on your financial situation. When you choose to buy a car, you’ll receive an equity for month to month payments. And because you already own the car, you can do whatever you like to do with the car and in terms of driving length, there are no restrictions. However, for people who would like to get a car, then car leasing can be a great solution.

When do most individuals choose to lease a car? Those who are going to drive far from work can opt for car leasing. With this, they can benefit from the car as they can travel with convenience and avoid paying the costs of multiple rides with the public transportation. Moreover, they can drive without lots of hassles and they can bring with the necessary things they need. Also, people or those families who are planning to reside in a particular place for not too long can also go for vehicle leasing. With this, they can have something to use while residing in that particular location. Moreover, they are free from worrying about how they should bring the car to a new country when it is time for them to relocate again.

Third, people opt to lease a car when they are fond of changing their cars every now and then. Through this, they won?t be investing a lot of money on a car which they don’t intend to use for a long time. A car lease allows them to use the vehicle for a certain period of time. Fourth, individuals go for a car lease when purchasing a new car right upfront is too heavy on the pocket. With this, they can pay for the car month to month and if ever they change their mind about getting the new car, then they can just return it to the company when the lease car contract ends. Lastly, some would opt for a car lease when they want to use an expensive car for a short period of time.

Dealer Leasing Tricks

Wednesday, October 26th, 2011

All too often when it comes to auto-leasing, individuals get so blown away by the myriad terms and also the jargon thrown their way that they end-up breaking the bank, counting on a dealer’s “help” than their own informed determination. 

This is a look at a few of the tricks dealers utilize to pad their earnings and leave the customers paying out hundreds of dollars more than the offer should be really worth. 

1.) Leasing is actually a superior choice as compared to buying 

Beware of dealers who will try to embellish how leasing can offer you lower monthly payments. Although this could be factual, there are actually long term contracts in which you find yourself shelling out more money than you’ve expected. Extended contracts may look and sound excellent, but you could spend extra money for increased mileage and also additional vehicle repairs. Whenever you exceed the maximum mileage expressed within the contract, you will be paying between 10 and 20 cents for every mile surpassed..  

2.) Cheap 2-3% APR rate on your lease 

The car dealer is not estimating the interest rate you would be paying on the lease; he’s instead offering up the lease money factor. Although similar to a rate of interest and important in figuring out your monthly payment, a more accurate rate is determined by multiplying the money factor by 24. For instance a “cheap” 3% money factor is 24 X 0.03 = 7.2%. This gives you a much better sense of exactly what your once-a-year interest rate on the lease agreement is. 

3.) No headache in terminating the lease earlier 

Considering that the needs of drivers may change at any time, they at times have to terminate the lease sooner than that which was discussed in the contract. Car dealers are conscious of this particular issue. Due to this fact, they feature “easy” ways of getting out of the lease early, when in reality the only method to get out of the contract effortlessly is to complete it. 

Lots of contracts on leasing these days are loaded with exorbitant charges most especially if the contract is terminated earlier. 

That’s the reason you need to avert these stunts. It is very important to accumulate information regarding car leasing. Understand the proper computations regarding the payments. Additionally, make sure that you comprehend every detail you observe within the contract prior to signing it. If there is anything that you don’t understand, don’t be reluctant to let the dealer elaborate it. Above all, never ever let the dealer persuade you to sign. It is definitely your choice ultimately. It is, after all,  your money that is at stake.  

The author is a multifaceted writer. She creates articles for a variety of topics such as marriage and relationship advices, great deals on special occasion dresses, homecoming dresses and ball dresses, family and parenting concerns, fashion and beauty tips and a lot more.