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Get the Best Deal on Auto Leasing

Wednesday, 02 Feb 2011 12:43 PM

Auto leasing is for people who constantly want the experience of driving a variety of different cars. Luxury cars can be too expensive for some to buy, but leasing may be an option. Another advantage of leasing a car is that the money spent on it is much less than it would be to buy it.

Here are five ways to get the best deal on auto leasing:

1. Know how the car lease works
Decided to opt for a car lease? Then make sure you know all about the current auto lease deals. There are lots of details about auto lease deals on the web. This can make it easier for people searching for the best auto lease deals. Research well!

2. Negotiate
Not many know that an auto lease can be negotiated. Do not settle for what the auto leasing company has to say. It is important to know that the car dealer is selling the car to the leasing company and the car has a sale price. It is this selling that determines the lease amount.

3. Look for special offers
Every leasing company is looking to sign up as many customers as it can. Therefore, special offers are usually available. It is up to each customer to check out special offers like no down payment, no penalty for excess mileage, additional mileage limit, etc.

4. Know about the warranty
It is no secret that every car comes with a warranty. It is the lessee’s right to know about the warranty of the car to be leased. Know about what the warranty covers and the duration. There are some vehicle brands that cover annual maintenance in the warranty. Check if the leasing company includes this in the offer. It is not wise to lease a vehicle outside its warranty period.

5. Test drive the vehicle
Do not judge a vehicle merely by its looks. It is important to test drive the vehicle to ensure that it runs smoothly. Never agree to take a car on lease if the leasing company does not offer a test drive option.

Auto leasing can be a good option provided the lessee knows the risk factors involved in it.

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