OK, we’re the first to admit that leasing a car can seem like a daunting task. How does it work? Which deal is the best deal? Where can I find the information, I need on car leasing?! Well, we’ve got you covered on the last question - the answer is: right here. 360 Autoleasing has put together this list of handy tips and tricks to make sure you get the most out of leasing a car. It’s our way of helping you to find the right deal.
1. Find the value
When you lease a car, one of the things you’re paying for is its depreciation - or how it decreases in value over time. In leasing jargon, you’ll hear the term “residual value” which basically means the value of the car when comes to being sold again. “How do you find a car with good resale value?” we hear you cry. Well, start with a few car manufacture websites - they publish lists of cars which hold value. Search “residual value” and the higher the percentage, the better the car.
2. Shop around
It goes without saying - there are deals to be had in every market and leasing a car is no different. Sometimes, you can fall on something amazing. Manufacturers have been known to promote special leasing offers - deals which make a small change to the lease, like lowering interest to suit you. These deals make leasing more affordable.
3. Get yourself some quotes
OK, you’ve assessed the market and think you’ve found the car you want to lease - it’s time to get your quotes. Contact dealerships with a car in mind and ask the (presumably) friendly dealer for a price. Get a few and start comparing. Just ask for sales prices to start with so you can judge which car is best against the prices of the others.
4. It’s all in the details
Always remember to check the details. It might sound like we’re teaching you to suck eggs, but you’d be surprised how often something can creep past. Things to check include: the car’s mileage, your contract term, any additional costs, whether breakdown cover is included or not and the warranty. It pays to be prepared - so come in with a checklist of things you need to know.
5. Making payments
Yes, a new car is lots of fun. Less so is paying for it. But there are some things that can make it simpler and easier. The larger the down payment you put on the car, the less you pay each month - so it might be worth saving up beforehand even though you’re leasing. Whenever you enter into an agreement like a lease, you need to be absolutely sure you can afford it. Make sure you ask yourself the question before committing. And, at the risk of sounding a bit like a parent, remember you might face penalties if you don’t make payments on time.
So that’s it! Your top five tips on leasing a car. The simplest and easiest way to lease a car is to get in touch with 360 Autoleasing Leicestershire, alternatively you could use our quote request or power search option on our site. We’ll do the leg work and help you get the car lease that’s right for you.
4th of November 2019