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SpinDistribute.com Article Directory

The following article was published in our article directory on February 17, 2012.
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Practical Car Lease Choices

Article Category: Automotive

Author Name: chickie maxwell

For you to decide on a car lease, you have to assess your own car needs. Leasing is considered to be more practical as it has lesser monthly payments and you get to return the car after a certain period. Aside from this, you have the option to own the car after the lease period if you feel it is still in good condition and you already have made a connection with it.

The residual value of a car will be the biggest factor in coming up with the monthly payments. This is the outstanding value of the car after the car lease period ends. The vehicles that have cheapest and lowest payments every month are those with the biggest residual values.

The vehicles with lower residual values are those with lease periods that are longer. In order to raise the residual value, it is recommended to shorten the lease. Shop around for a leasing agency that provides a promotional transaction to go with the high residual value. There are websites online that can give such information. You can also visit car makers and leasing companies and check their own residual values. The lease residual value of a car is a certain percent of the car maker's suggested retail price.

You should know how to negotiate for a car lease. You can do this by looking for the best deal before coming up with a decision. You can again search for car dealerships online or communicate with local car dealers. Show them the quotes given by other dealers so that they would be motivated to give a lesser price.

You should also know how to calculate the lease cost prior to going to a car dealership. Check if the amount you have in mind is the same as that of the dealer. If this is so, then you have a good deal in front of you. If the amounts are not the same, you can walk out and look for other dealers or negotiate further. Do not forget to bargain about the yearly mileage allowance and the down payment. If there are dealerships offering zero down payments, this is a great offer. If you want a lower lease cost, go for a trade-in vehicle but make sure to know the trade-in car's value.

You can also go for a car lease takeover, as this will save you money. There are people who need to give up their lease agreements because of unavoidable circumstances such as an unforeseen financial dilemma. If you go for this option, you will have a shorter lease period minus the down payment. Go online and check out discussion boards on car leasing, as there are buyers and sellers there. Make sure though that you check the car yourself and assess the remaining mileage and the purchase price at the end of the lease. At times, there are even people who would give a little money to people who would continue the lease.

If you are considering a car lease to have a vehicle, check these choices enumerated, as they are inexpensive and more practical.

Keywords: car lease

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