10 tips to getting the best car lease deals
Leasing a car seems lucrative because the monthly payout is lesser than when you finance your new car. Moreover, your down payment is less, and the leased vehicle is typically protected by a warranty from the manufacturer. These are just a few of the many benefits of car leasing. To make this alternative even more worthwhile, you need to consider some tips and tricks to secure the best car leasing deals that help you save some money. Here are the top 10 tips to get the best car leasing deals Try to negotiate on aspects such as down payment, mileage limit, and the post lease expiry purchase price. Leasing works similar to getting a loan. So, the higher your down payment, the lesser financing charges you would need to bear. Try to negotiate on the money factor. This is the number that most lessors use to calculate the cost of leasing, i.e., an interest that you have to bear per month. If guaranteed auto protection does not come with your lease, buy it. It is an insurance protection plan that will protect you if the car faces an accident or is stolen. To ensure that the monthly payout is as little as possible, try to opt for cars that do not depreciate at a rate higher than average.