Stop Wasting Money On Car Lease Deals With These Essential Insider Tips

Car leasing is a popular way to get a new car, with the reassurance of a manufacturer’s warranty. It can be a good idea if you are on a budget because you are only paying for a fraction of the car’s full value. It’s also ideal for those wanting the latest model, as you get to change your car every few years.

What is it?

If you agree to lease a car then you agree to pay a monthly fee, in return for the car plus an agreed mileage. Leases can be for different periods but two years is very common. The payments can also vary, with some offers starting with a higher initial payment and then lower monthly payments, and others working the other way around. New car leases can be surprisingly affordable, though don’t forget you will be tied into making the payments until the end of the lease.

Cutting out the jargon

Be aware that monthly payments may not include sales taxes, so be sure to find out before you sign. Also look out for any extra fees that may pop up such as acquisition fees (a fee charged when you start the lease and typically around $500) or disposition fees (the charge a dealer makes for taking back your car at the end of the lease).

Finding the best deals