Whether you lease a car to get into the latest models or have better purchasing
flexibility, getting a good deal is always bound to give you a lift. Use
these guidelines to help you spot one:
Check incentives: be on the look-out for factory subsidized lease deals.
Car manufacturers realise that consumers who lease vehicles from them are
more likely to be repeat customers than those who simply purchase vehicles.
Through their leasing companies, they adjust the residual value and offer
low financing charge. Other auto-manufacturers are also starting to give
incentives on leasing, called leasing subventions. They offer these
subsidies to put slow-selling models on the street, saving you even more
money.
Set up a competitive: bidding environment to get the lowest price. If you
already have an idea in mind of the make, model and trim level of your
desired car, attempt to calculate your own lease payment before you go
shopping to avoid paying through the roof. Check online comparison tools or
use a lease calculator to check your lease payment based on purchase price.
This gives you greater negotiation leverage as you solicit quotes from
various leasing companies.
Make sure you know all the fees involved at the beginning of your lease:
you may have to pay fees for licenses, registration and title. Other fees
include acquisition fees, freight fees and local or state taxes. At
lease-end, you may have to pay a disposition fee and charges for extra
mileage and any excess wear. Be aware that some of these fees like
acquisition and disposition fees are negotiable.
Know your mileage needs: almost all leases limit the number of miles per
year by imposing typically 10 to 20 cents per excess mile over 15,000 miles
a year. If you are the kind of high-commuter who puts 40,000 miles a year
on his car, then you might end up running thousands of dollars in hefty
penalties at the end of your lease. Be smart and negotiate a higher-mileage
limit or pad you excess miles at the beginning of your lease to avoid
robber tax rates for excess miles.
Almost all leases limit the number of miles per year by imposing fees
typically 10 to 20 cents per mile over 15,000 miles per year. If you are
the kind of high-commuter who puts a lot miles on his car, then these costs
can add up quickly. Negotiate
Include GAP coverage: make sure your lease includes GAP coverage. This
covers you in the event of the vehicle getting wrecked, stolen or totalled.
Without GAP insurance, you leave yourself wide open to thousands of dollars
in leased obligations. Check if the GAP coverage is included so you don't
pay it twice.
Latest news and information
Microsoft forgoes South Lake Union lease Seattle Post Intelligencer - For months, the company had been considered to be in the market for additional real estate in the city, and Microsoft had been in negotiations to lease all ... Vulcan Acquires Lake Union Parcel |
Finkelstein Thompson LLP Announces Investigation of American Land ... MSNBC - ... investigating possible shareholder claims arising from potential breaches of fiduciary duty by certain executives and directors of American Land Lease, ... Investigation On Behalf Of American Land Lease, Inc (NYSE: ANL ... |
General Growth Properties Reaches Settlement Over Mall-Lease Tactics Wall Street Journal - ... Growth intimidated a Cheesecake Factory Inc. restaurant when exploring a lease at a California mall and used unfair business practices against Caruso. ... |
Lease may hasten Lee Park fixes Baltimore Sun, United States - By Liz F. Kay | liz.kay@baltsun.com Baltimore County is working on a long-term lease agreement for city-owned Robert E. Lee Park that would accelerate the ... |
ProTech renews lease with Highwoods Properties Bizjournals.com, NC - Technology services firm ProTech Systems Group Inc. has renewed its 10000-square-foot lease at Shadow Creek I, an 80806-square-foot office building owned by ... |
LeaseTrader.com's Auto Lease Transfer Marketplace Brought ... MSNBC - MIAMI, FL - LeaseTrader.com, the nationwide online marketplace for car lease transfers, today announced it has bucked the trend in automotive market ... LeaseTrader.com's Auto Lease Transfer Marketplace Brought ... |
Coast Guard renews lease in Buzzard Point Bizjournals.com, NC - The lease agreement gives the Coast Guard the right to terminate the lease after seven years, but only in the event of a major consolidation like the St. ... Coast Guard Renews 592000 SF on District Waterfront Coast Guard Renews 592000 SF |
Struggling Retailers Press Struggling Landlords on Rent Wall Street Journal - Those in stronger positions are finding that the market's turmoil has provided them clout to haggle for lower lease rates. "It's the best of times [because] ... |
Vision-Sciences cancels lease for Orangeburg expansion Lower Hudson Journal news, NY - By Allan Drury ORANGEBURG - Vision-Sciences Inc., which makes medical devices, has canceled a lease for nearly 35000 square feet at 1 Ramland Road, ... |
 DesMoinesRegister.com | Troubled '09 economy leaves commercial lease signs posted DesMoinesRegister.com, IA - ... developer Jack Hatch, who has about 17000 of 29000 square feet to lease in his $6.2 million renovated building on Locust Street in downtown Des Moines. ... |
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