How to obtain the Best Car Leasing Deals

Typically, car-leasing deals can prove to be the best way to finance your next new car

, but how can you ensure you obtain the best deals the market has to offer? People looking for a leasing deal should be aware of the pros and cons and the good and bad deals.

With any financial venture, the best way of getting a good car lease deal is to know what you are looking for and how much you can afford. Anyone offering finance normally expects some form of deposit, this is traditionally ten per cent but you can obtain better rates if you are able to put more money up front.

You could also try and arrange to defer some of the payment until the end of the agreement; some lenders may offer favourable terms in these instances. Verify your cancellation rights as well; if you end the agreement prematurely there could be extra costs.

Dealers might also give you a better rate depending on the time you take the car over, shorter-term options or lower than average mileage may give you cheaper monthly payments. Proving your reliability as a driver might also be in your favour as once the agreement ends the dealer will be looking to sell the car and will want it returned in as near the original condition as possible.

Research the competition on the internet and see what other dealerships are offering, by getting a good idea about the APR (annual percentage rate) you can make sure you are being offered the best car leasing deal. Always be prepared to haggle, if you can't reduce the price, see what extras might be included, for example free servicing for a certain number of years, accessories like floor mats and seat covers or a full tank of fuel.

How to obtain the Best Car Leasing Deals

By: Carolyn Clayton

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