How To Lease A New Car?

Whether you lease a car to get into the latest modelsMake sure you know all the fees involved at the
or have better purchasingflexibility, getting a good dealbeginning of your lease:you may have to pay fees for
is always bound to give you a lift. Usethese guidelineslicenses, registration and title. Other feesinclude
to help you spot one:acquisition fees, freight fees and local or state taxes.
Check incentives: be on the look-out for factoryAtlease-end, you may have to pay a disposition fee
-subsidized lease deals.and charges for extramileage and any excess wear.
Car manufacturers realise that consumers who leaseBe aware that some of these fees - likeacquisition and
vehicles from them aremore likely to be repeatdisposition fees - are negotiable.
customers than those who simply purchase vehicles.Know your mileage needs: almost all leases limit the
Through their leasing companies, they adjust thenumber of miles peryear by imposing typically 10 to 20
residual value and offerlow financing charge. Othercents per excess mile over 15,000 milesa year. If you
auto-manufacturers are also starting to giveincentivesare the kind of high-commuter who puts 40,000 miles
on leasing, called leasing subventions. They offera yearon his car, then you might end up running
thesesubsidies to put slow-selling models on the street,thousands of dollars in heftypenalties at the end of
saving you even moremoney.your lease. Be smart and negotiate a
Set up a competitive: bidding environment to get thehigher-mileagelimit or pad you excess miles at the
lowest price. If youalready have an idea in mind of thebeginning of your lease to avoidrobber tax rates for
make, model and trim level of yourdesired car, attemptexcess miles.
to calculate your own lease payment before youAlmost all leases limit the number of miles per year by
goshopping to avoid paying through the roof. Checkimposing feestypically 10 to 20 cents per mile over
online comparison tools oruse a lease calculator to15,000 miles per year. If you arethe kind of
check your lease payment based on purchase price.high-commuter who puts a lot miles on his car, then
This gives you greater negotiation leverage as youthese costscan add up quickly.
solicit quotes fromvarious leasing companies.