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re: Leasing a vehicle
Posted on 8/19/15 at 12:08 am to SomethingLikeA
Posted on 8/19/15 at 12:08 am to SomethingLikeA
Stick to the manufacturer-sponsored advertised lease specials and don't deviate from them by adding features and packages. That opens the door for the dealer to juggle the numbers.
Be sure that your lease agreement provides Gap coverage in the event the car is totaled.
Be sure that your lease agreement provides Gap coverage in the event the car is totaled.
1
Posted on 8/19/15 at 7:28 am to Layabout
Check the sticky, there's links to lease threads. Some good ones.
Keep mileage down (consider prepurchase)
Don't put money down
Ensure GAP is provided by lease
Use Edmunds forum to find MF and residual. Most manufacturers list residual based in %, so options will residualize the same way.
Negotiate the vehicle price the same way.
Avoid trading a vehicle in for a lease. You lose the tax savings, and money down will be lost.
Avoid a security deposit and most fees.
Don't lease to purchase
Keep mileage down (consider prepurchase)
Don't put money down
Ensure GAP is provided by lease
Use Edmunds forum to find MF and residual. Most manufacturers list residual based in %, so options will residualize the same way.
Negotiate the vehicle price the same way.
Avoid trading a vehicle in for a lease. You lose the tax savings, and money down will be lost.
Avoid a security deposit and most fees.
Don't lease to purchase
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