How to Choose a Car to Lease
Friday, May 1, 2015 at 4:10 AM
Leasing a car is a great option for drivers who need a car quickly, lack exemplary credit, and want to get more car for less money. In addition to these benefits, when you lease a car, you'll also have the option of purchasing the car when the lease is up! If you're interested in leasing a car, it's important that you first learn how to choose a car to lease. Although you'll be limited to the selection at the dealership, you can use the tips below no matter where you go.
How to Choose a Car to Lease
Determine your budget. Before you head to the dealership, decide how much you want to spend. More importantly, study your current income and expenses and determine how much you're able to spend. If you have a firm budget going in, you won't be swayed by snazzy new cars and tempted to spend more than you can afford.
Research insurance. Many car leasing companies will require that you take out insurance to fully cover your new vehicle. So before you make your final decision, figure out how much insurance would cost for your preferred vehicle and add this number to your calculations.
Find a car that will hold its value well. If you weren't aware, when you lease a car, you typically only pay the difference between the sale price and the residual value (or the price the automaker determines the car will be worth after it has been driven by you for so many miles and months).You will basically be paying the depreciation of the car you choose. So if you select a car that holds its residual value well, it should cost less to lease.
Review the car online. One of the many benefits of the Internet's wealth of information is that it's easy to find industry reviews and reliability reports. Look for a car with a great reliability record, so that you won't have to worry about frequent check-ups or repairs. You should also research the servicing costs of potential cars.
Look up the miles per gallon (MPG). As you surely already know, the better your car's MPG, the less you'll spend on fuel. Try to choose the most efficient vehicle you can, for your wallet as well as the environment.
Take it for a test drive. Finally, be sure to take your preferred vehicle out on the road for a test drive before you make your final decision. Comfort is crucial, but remember to also make note of the steering, braking, visibility, and safety features.
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When you enter a leasing dealership with a solid budget and research on your side, you're much less likely to make an impulsive and ultimately disappointing decision. Especially if you're on a strict budget, it's important that you take some time to study your options before you sign a lease.
Are you interested in leasing a car? If so, be sure to check out Auto By Rent, the largest lease-to-own auto dealer in Missouri and Tennessee. We can help you secure a quality vehicle regardless of your credit history. To learn more about our services, please click here for a free quote or contact the location nearest to you:
North Springfield: 417-447-7979
South Springfield: 417-877-2001
We look forward to hearing from you!