How to Lease a Car?

By Egi Isnaeni

How to lease a car…?

That is the questions if you need a car but don't want to go through the rigmarole of a car loan, while the overall cost maybe can higher than purchasing a car. So if you want an option somewhere for renting or buying a car, these tips will help you to consider lease a vehicle:

A.   Search for the car that you want.

Is similar to the search for a new car, and it’s likely that you'll be leasing the car for years, so you might as well like it. Consider factors such as the make, color, model, and all features. will be help to make the process much smoother, if you Taking the time to determine the car you want to lease.

B.   Learn about your liability.

You should learn about the company's policy regarding accidents or theft involving the vehicle, because Just as when renting or owning a car, "stuff" can happen while driving a leased car. Because today's skyrocketing cost of automobile repairs, and the possibility of lawsuits, the conventional wisdom says that you should get as much coverage as possible. Leasing agreements usually require the leaser to secure a certain amount of insurance coverage.

C.   Consider the depreciation rate of a vehicle.

You must do some Web surfing before settling on a particular make and model, and you can find certain models that tend to hold their value well. Make sure to do your homework about the depreciation rate of certain models, because just as when purchasing a car, how fast a vehicle depreciates can mean the difference between a great deal and a raw deal--when leasing.

D.   Understand the terms of a lease.

To ensure that you're getting a fair deal, make sure to read the terms in full, and all the fine print. It also helps to have a legal expert review the terms. If you have any questions, then ask them BEFORE you sign on the dotted line. Asking them afterwards would be as practical as an ashtray on a motorcycle. And most importantly, remember that a closed mouth doesn't get fed.

E.    Get your credit in order.

You must have a squeaky clean (or nearly) credit score, and then you're already in good shape. However, if you don't, then now is the time to start paying your bills on time. Since leasing a car doesn't mean that you'll technically own it, leasing companies tend to put more emphasis on your credit rating.

F.    Compare the costs of leasing and buying.

Make sure to include the size of the down payment that you can make, the actual cost of leasing, and the depreciation of the car, when you making this comparison. After making this comparison, you may ultimately determine that buying makes more sense than leasing. You should also consider that buying a car requires a longer financial commitment. Lease a car may be your best bet if you don't need a long-term vehicle.

See the Other TIPS about For Sales Cars