Tags: Auto | Leasing | advice | tips | Lease Auto | Leasing Autos | Auto Leases

5 Things you Need to Know About Auto Leasing

Tuesday, 01 Feb 2011 03:32 PM

Auto leasing is not auto renting, as many people assume – it is another way of financing. If you lease a car, your monthly payments are lower than a loan. But before you agree to lease, here are some key factors to consider:

Leasing gets you a newer car (more often)
Some people would rather lease an automobile than buy it. When you lease a car, you get to enjoy a new automobile at regular intervals.

Short term auto leasing
If you want to lease an automobile for a short period of time, say, six to 24 months, a short term auto lease is what you need. Short term auto leases are often offered at bargain prices without involving any down payment. Even cash back incentives are available if you shop around. Monthly payments are low and you don't need to pay a high up-front fee.

Online auto leasing
The online auto lease is an alternative to dealer leasing. You can do more effective comparison shopping because you can get quotes from multiple lenders online.

Auto fleet leasing
This option is appropriate when a number of automobiles are needed. The fleets could be small or large, involving as many as 25 vehicles or more. Small- and medium-sized businesses, government customers, and even corporate customers find fleet leasing useful.

Auto lease deals
These deals furnish information on the payment to be made every month, the period of the lease, and the amount to be paid at signing. They can sometimes offer extremely attractive discounts and value options.

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