| To lease a car is a like renting it for a long-term. Its the | | | | car. When you lease a car for a longer period the cost |
| best option if you want a new car but have little | | | | is much lesser than taking it for a short term and |
| money in hand. or even if you wish to have a fancier | | | | extending it often on. So make you up mind early on |
| car than you can afford to buy. Monthly payments are | | | | rather changing it later and paying more. |
| significantly lower if you lease a car than buying a new | | | | 4. Calculate for yourselves how big a down payment |
| car but having said that the number of miles you can | | | | can you make as well how much you would be able |
| put on the car is restricted. The following are some of | | | | to pay every month before you lease a car. Be |
| things to be considered to lease a car with the option | | | | realistic when you calculate as if you fail to pay on |
| of buying it. | | | | time you would have to face the penalties.There are |
| 1. For many people who drive a lot of miles every | | | | many websites online which would help calculate the |
| year, or people who would want to keep a car for | | | | payments which you would have to pay on a monthly |
| number years and want the option to sell later, to | | | | basis with the help of online calculators. |
| lease a car is not a great idea. So it makes a lot of | | | | 5. Always for a reputable dealer who specializes in the |
| sense to know what your exact needs are and then | | | | type of car you want. Go through their terms and |
| go ahead leasing a car | | | | conditions, also test drive the car before you decide to |
| 2. Calculate or estimate how many miles you would | | | | lease a car. Read through the conditions like penalties, |
| drive every year before you lease a car. Each and | | | | additional fees etc and discuss with dealer before |
| every manufacturer has different yearly allowances | | | | hand. |
| on mileage, which would help you to determine which | | | | 6. Ask for a buy out after the lease period is over. |
| car you want to choose. Many leases now days are | | | | Enquire about it before you lease a car from the |
| for only thousand miles per year, whereas they used | | | | dealer. |
| to be fifteen thousand some years ago. The additional | | | | 7. Negotiate for the lowest buy out payment as |
| charges for mileage can be quite substantial when you | | | | possible. Cars with more depreciation value which cost |
| lease a car, often twenty cents per mile over the | | | | very less. |
| allotted allowance, and when you drive to work every | | | | 8. If you have plans to buy out a car after leasing it, go |
| day, that adds up pretty quickly. Quite often you can | | | | for cars which you would be able to maintain |
| buy extra mileage up front, but this cost changes the | | | | according to your income. Lease a car which you can |
| lease expense. | | | | buy and maintain it. |
| 3. Make up you mind on how long you would need the | | | | |