1 / 9

5 Fundamental Car leasing mistakes to avoid

Leasing a car is one of the best ways to drive a new car without purchasing it outright. When you lease a car, you finance the vehicle for a certain period of time. Once the lease is up, you hand over the keys to the dealer. <br>u00a0<br>However, if you are not careful, you could end up making a few mistakes that can cost you more than a brand new car. Let's take a look at these in details.

fastyam99
Download Presentation

5 Fundamental Car leasing mistakes to avoid

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 5 Fundamental Car leasing mistakes to avoid

  2. Introduction Leasing a car is one of the best ways to drive a new car without purchasing it outright. When you lease a car, you finance the vehicle for a certain period of time. Once the lease is up, you hand over the keys to the dealer. However, if you are not careful, you could end up making a few mistakes that can cost you more than a brand new car. Let's take a look at these in details.

  3. Leasinga Car for a Long Period Usually, leases extend for a two or three year period. Leasing the car for longer than that only increases the risk of paying for the extended warranty and repairs and maintenance that it might require. If you intend to keep the car for a long time, it is wise to purchase it instead of leasing.

  4. NOT NEGOTIATING THE PRICE It is always recommended to get the best possible deal while leasing a car. Ensure that you research the current value of the car before signing the lease. The lower you negotiate the price, the lower will be the depreciation cost. Avoid paying a large sum of money upfront since this amount may not be refunded if the car is stolen or wrecked in the first few months of the lease.

  5. Not Comparing Prices It is essential to compare the prices of the various lease deals before settling for one. While doing this, ensure that you focus on the entire cost that you will incur. These could include taxes, fees, other additional costs and so on.

  6. IMPROPER MAINTENANCE OF THE CAR If your leased car gets damaged beyond the normal-usage wear, you could be charged for the repair costs when you return the car. It is always recommended to keep your leased car adequately maintained to ensure that no penalty is charged. Acquaint yourself with the lease-end conditions for the car before signing.

  7. NOT HAVING AN IDEA OF THE MILES YOU WILL DRIVE Leasing contracts specify the number of miles you can drive in a year. Usually, a maximum of 15,000 miles is permissible. In case you exceed this limit, you will be charged for every extra mile you have driven.

  8. FINAL WORD In case you wish to transfer the private car registration, you would need to check with the leasing company before doing so. That being said, do not rush into leasing a car. Take a closer look at the numbers, the fine print and the conditions that you need to keep in mind. Only settle for the deal that best suits your requirement.

  9. Created By www.premier-plates.co.uk

More Related