subject: How To Negotiate A Car Leasing Deal [print this page] Look for low total price cars Look for low total price cars
By selecting the models with low total price, you can achieve a lower lease payment. As the total price increases the lease payment will also increase along with it. You may have noticed that the car models, which have higher resale values, consist of low leasing payments. By consulting with a car-pricing guide you can understand how healthy the value of the vehicle has seized up in recent time. You can also make enquiries with the loan departments of your leasing company or bank to analyze different vehicles.
Understand the Residual Values of the Cars
Residual values of the cars have great role in determining the lease payments of particular deals. Do a good study about each vehicle to understand them better. Mainly the low residual value vehicles will be having more costly lease terms and conditions. It is noticed that if a particular manufacturer is trying to promote a specific model, it will be having more convenient and encouraging leasing terms. You can find many residual percentage guides in libraries and bookstalls, which will be having details about the predicted value of each vehicle after a certain period.
This value will be shown as a percentage of the vehicles current price in the market. Residual percentage guide is issued once in a month by automotive lease guide. There will be details about all new vehicles and will be produced as a chart, which will be easier for you to compare between them. This will help you to choose the best vehicle with steady values and thus making it easy to make your car leasing selection effortless.
Important things to be noticed before signing the deal
There are certain things to be considered before signing the lease. Make sure you read and study thoroughly all terms and conditions in your lease agreement before you sign it. There are some rules and regulations to be obeyed while signing a car leasing deal. First of all check whether all facts are attached in the lease agreement. The residual value of the vehicle, up-front taxes and fees, amount to be depreciated, capitalized cost etc are few of them. Apart from this, there are certain other fees, which should be paid when signing a car leasing deal.
Acquisition fee and deposition fees are another important charges present in all types of car leasing procedures. The deal also contains a purchase option fee, so that you can buy the particular vehicle after the lease period if you like the car. Read the agreement carefully and care your leased car well to avoid any extra wear and tear fees.
