Auto Leasing

Dealer Leasing Tricks

Too often when it comes to auto-leasing, people get so dazzled by the myriad terms and the jargon thrown their way that they end-up paying through the nose, relying on a dealer’s “help” than their own informed decision. Here is a look at some of the tricks dealers use to pad their profits and leave the customers shelling hundreds of [...]


Auto Leasing

Buy a car at the end of your lease

You’ve come to the end of your lease and you like you car enough you want to keep it in the driveway. Just like buying a used car, there is some research to be done to nail a good deal. First, you need to know the cost of buying out your lease. Read the fine print of your contract and look for the “purchase option price”. This price is [...]


Auto Leasing

Independent Car lease companies

To lease, you have two possible choices: either lease through a dealer’s finance source or through an independent lease company. A conventional dealer has a captive finance source, which can be the car manufacturer’s financial company, such as BMW Financial Services, Honda Motor Credit or General Motors Acceptance Corporation (GMAC), or [...]


Auto Leasing

Leasing and your credit score.

Your credit score is part of the leasing decision. When you apply for a lease, your lease company will typically look at your credit score to decide whether you to approve the application. The leasing contract stipulates that you make regular, monthly payments over your lease term. The credit score you lease company requests identifies [...]


Auto Leasing

How to spot a good car lease

Leasing has been lauded as your cheapest ticket to keep up with the industry’s hottest vehicles and trends. The jury, however, is still out on leasing: with the industry long on hype and short on detail, it is difficult to distinguish between a genuinely good deal and a downright up-selling exercise. So how do you spot a good deal? [...]


Auto Leasing

Auto Leasing Scams

Car-leasing has been lauded as a more attractive alternative to buying, offering in the process the flexibility to drive a new car for less. The reality, however, is that leasing is an option that is fraught with many pitfalls for the average customer. Leasing regulation does not require as much disclosure as buying a vehicle. This has [...]



Auto Leasing

Leasing used cars explained

Leasing a used vehicle can be an attractive deal in many ways, no least getting you into that luxury model or SUV, for lower monthly payments than a brand new one. Be prepared, however, to do some more homework to dissect a good deal. As with new car-leasing, your price research should focus on the key figures that are the initial market [...]



Auto Leasing

Luxury Cars and Resale Values

When it comes to ultra-luxury, high-end vehicle leasing, there is no doubt that the best deals are those cars that hold their value. With this in mind, we single out a few truths about residual values that consistently apply to high-end leasing. The most determining factor when it comes to resale values is public perception of the brand, [...]


Auto Leasing

Auto Insurance and Leasing

When leasing a car, it’s easier to stick with the same company for your auto insurance. What you don’t know, however, is that you may end up paying too much for your coverage and it’s better to look elsewhere for lower rates. When you lease, the vehicle that you will drive belongs to the leasing company. They want to make sure that their [...]


Auto Leasing

Leasing Glossary

In order to get a good leasing deal, you need to understand leasing jargon. Read through this leasing glossary to get an overview of the basics: Acquisition fee: A fee charged by a leasing company to begin a lease. Not all leasing companies charge an acquisition fee but if charge it starts at about $300 and is seldom negotiable. [...]


Auto Leasing

Lease Trading

Ever wanted to terminate your lease early, comfortable with the thought you weren’t going to be hit with hefty fees? You can if you transfer your lease to someone else. Trading a lease is the best option for people who want to terminate a lease early and don’t want to pay the large termination imposed by most lease agents. It can also be [...]



Auto Leasing

How to calculate your lease payment

Understanding how to calculate your monthly lease payment makes it easier for you to make an informed decision. Yet, most of us shy away from the “complicated” math on our lease contract, leaving it up to the dealer to do the payment formula. Actually, it’s not that difficult! Once you understand all the figures involved in calculating [...]


Auto Leasing

The residual value of leasing

If you are in the market to lease a vehicle, you will hear the term “residual value” recur like a leitmotif. A residual value does not only affect your monthly payments, but is equally used by leasing companies to determine any penalties should you break your lease early and how much to pay if you decided to buy the vehicle at the end of [...]


Auto Leasing

Fees involved in leasing

Mention auto-leasing and most people will automatically assume a low- monthly payment. There is actually more than what meets the eye, and a number of fees are involved at various stages of the lease process. At the beginning of the lease, you have to pay a refundable security deposit, typically equivalent to one monthly payment, to [...]


Auto Leasing

Single-Payment Lease

A prepaid lease is a new type of lease which has made its foray into the market in recent times. In this lease, consumers forego the cycle of lease payments if they make a large payment at the beginning of the lease. There are two amounts in a conventional lease that incur charges and determine your monthly lease payments. First, there [...]


Auto Leasing

Using lease calculators

Want to calculate your monthly lease payment? Consider using a lease calculator If you are considering a car lease, then you might want to know some key figures involved in the deal: the monthly lease payments, the overall cost of the lease and how much savings can be made compared to purchasing the vehicle. A lease calculator relieves [...]


Auto Leasing

How to lease a new car?

Whether you lease a car to get into the latest models or have better purchasing flexibility, getting a good deal is always bound to give you a lift. Use these guidelines to help you spot one: Check incentives: be on the look-out for factory –subsidized lease deals. Car manufacturers realise that consumers who lease vehicles from them are [...]



Auto Leasing

Go green and save on your lease

Hybrid vehicles’ popularity has sharply grown from a couple of thousands in early 2000 to close to 300, 000 by the end of 2005. The trend is rapidly catching with the auto-leasing industry with generous tax credits and incentives on offer if you go green. Beginning in 2006, businesses and taxpayers who lease, or purchase, an [...]


Auto Leasing

Leasing with bad credit

Have you been refused a car lease? Chances are you have less flawed credit history. Know what’s involved and what you can do to build good credit history. Credit score is a measure of your credit worthiness used by leasing agents to determine whether you are eligible for a lease. You credit score is based on your past and present credit [...]