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Article #155: How To Lease A New Car?

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






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