Car Leasing - Find The Best Deal For Your Finances

Many of us put off getting a new car for years even though we're well in need of an upgrade. The main reason for this is often that they just can’t afford the expense, this is especially the case with families who need a large family car that comes equipped with all kinds of safety features. Because of their needs for such a reliant car, they would end up paying thousands if they were to buy new. Instead, they have to keep putting off their purchase in an effort to try and save as much as possible. Thankfully, there is a way around this, though. Instead of buying a brand-new vehicle, you could simply lease one. This is when you basically rent a car. You just need to pay for it in small installations each month. Some companies offer lease to buy options where you continue to lease the car until you have paid its full value, and it then belongs to you. Interested in leasing your next auto? Here are some tips to make it work for your financial situation.

Research Different Leasing Companies
There are lots of different firms out there that lease vehicles, and they will each come with their own set of pros and cons. It’s super important that you take plenty of time to research these companies and decide which will offer the best value for money. For instance, the terms and conditions as stated by Intelligent Car Leasing will be different to those from another company. Be sure to read through a few different T&Cs from companies and make any notes of things you are unsure about. Once you are armed with all the right knowledge and know the facts, you can then make a well-informed decision about which firm will help you save the most money.

Protect Yourself
Once you have leased a vehicle, you should endeavour to take out some Guaranteed Auto Protection (sometimes shortened to GAP). This will protect you financially if the car is ever stolen or completely written off in an accident. If you don’t have any GAP, then you will be responsible for repaying the full value of the vehicle to the company you leased it from. As you can probably tell, that could potentially be extremely expensive!

Be Sure to To Negotiate
The price that you are originally quoted when you first enquire about leasing a car isn't always set in stone. So, it could be worth trying to negotiate with the leasing firm. You can also try to negotiate the car’s mileage and the initial deposit that you have to put down on the car. Even if you are unable to negotiate a better price for yourself, there is certainly no harm in trying!

Be Clear About End-Of-Lease Procedures
Some companies have very strict procedures for you to follow before returning the car at the end of the lease. For example, you might have to return it with a full tank of petrol. Make sure you adhere to these or else you might be charged extra.

No comments