Location: Campbell, California
Exterior color: Silver
22 month lease
$261.00 lease payment
Fuel efficiency: 23 city, 33 hwy
Location: Canton, Ohio
Exterior color: Silver
16 month lease
$140.85 lease payment
Fuel efficiency: city, hwy
If you have really high mileage fees, consider selling the car yourself rather
than paying the penalty. Any dents should be removed by a local body shop rather
than turning it in with the damage. Customers get upset about having to pay
mileage penalties. When you decided to lease the car, you said you would drive
only 12K miles a year. If you drive more, you have to pay for the value of the
car you have used.
Many problems with leasing can be avoided by negotiating a good lease in the
first place. Do your homework even before stepping into the dealership. Make
sure you read all of the contract twice so that you can find any hidden costs
and fees. Preferably, sleep on it but take a written offfer with you so that
conditions cannot be changed when you go back the next day.
Try not to put money down. This is very important. We recommend an alternative.
If you have to put that two thousand down to get the payment where you want,
take the two thousand dollars and put it in a separate account and use a portion
of that each month to help make the payment. Since gap insurance will not cover
any down payments in the event that the car is totaled. Gap insurance will only
pay for the current buyout price.
Avoid subsidized leases with inflated residuals. You won't be able to afford
the car at the end of the lease because it won't be worth what the contract
states. You will be stuck and will have to turn it in. A lower payment isn't
always a better deal.
Lease the car for a term not longer than you would normally keep a car. If
you keep a car about three years, do a three-year lease. A four- or five-year
lease will be harder to get out of and more difficult to turn in without extra
fees. Make sure that the warranty covers you for the term of the lease.
Choose a car with a naturally higher residual. If the vehicle holds its value
- or surpasses its expected value there may be an option to buy it and make
money at the end of the lease.
If you have now a car lease that you want to terminate early Click
Here for the cheapest solution to avoid all those end of lease penalties
Get more help about your car lease ? - Click
here to get more information in our car lease guide