If you can’t afford to pay a huge amount to buy a new car, you have another option: you can pay much less and lease a car. How do I lease a car? Well, all you have to do is make a small amount as a lower payment and then make monthly payments throughout the lease term. You will give the car back when the season ends. Read on to know the tips that will help you lease the right car.
Type of Car
First of all, you should decide on the car you need. Do you want a sedan, SUV or convertible car? This is an important consideration.
Select the Right Model
You should create a list of cars that fall in your price range. To cut costs other than lease, you can go for models with a high degree of reliability, good gas mileage and safety features, just to name a few.
Go for a test drive
Once you have listed a few models, you should go on a test drive in each car. Make sure you consider the car’s visibility, comfort, steering, breakage, shock absorption and interior noise.
Consider the Security
While on the test drive, you should ask the vendor about the ESC, ABS and other security features. Remember: safety should be your number one priority.
Compare different Lease Deals
Once you’ve got all the details from the dealer, compare the bargains and decide how much you’ll pay each month.
Discuss the Price First
Before you go back to the dealer to make a deal, you should discuss the purchase price. After you have discussed the price, you should go ahead and let him know that you want to lease the car. This is important because your monthly payments will be based on the price of the car.
Negotiate the Price
You should discuss the price of the car. If you want to know the prices of new cars, you can go to Consumer Reports. The price of the car will be between the manufacturer’s suggested retail price and the dealer’s wholesale price.
Avoid the Gab
Remember: your seller can push you to close the deal based on the low amount you pay each month. However, this will increase the total paid throughout the season.
The Lease Payment
If you make a lower payment, your monthly payments will be lower. Failure to make all payments on time will result in penalties. Therefore, you should bear this point in mind. Similarly, if you give the car back before the end of the season, you will still face a penalty.