7/12/2010
Some sound advice from Canada.LeaseTrader.com 1) If you're considering leasing a vehicle, you first want to make sure you are a candidate for leasing. If you will drive less than 15,000 miles a year and would enjoy a different car every two or three years, then you should be looking into leasing. 2) When negotiating a vehicle lease payment, keep in mind that you're only paying for the portion of the car you'll be using. Consider leasing as an extended rental because you're not paying for the entire car. This explains why monthly lease payments are usually lower than when you finance the full car 3) Understand that the bank owns your car, not you and certainly not the dealer. In fact, when you drive your vehicle lease off the dealer's lot, they no longer have a relationship with you. your relationship is now with the bank or leasing company, which owns the car and you're making monthly payments to. 4) Because the bank owns the vehicle it's important that you adhere to proper maintenance of the vehicle to keep it in good condition. This will go a long way towards helping you avoid extra fees at the end of your lease, since the bank expects you to return the car in good condition. 5) Read your contract to make sure your lease is transferrable. Today 97 percent of all leases are. This way, if there's ever a time during your contract that you no longer want or aren't able to afford the payments you can use LeaseTrader.com to transfer your lease over to a different credit-qualified person.
|