When you walk into a dealership to speak with someone about leasing a vehicle, it’s important to know leasing terms and how to speak the language.
It’s also important to know what you’re looking for as far as having an idea on what vehicle you want to lease, what you’ll need for mileage allowance, and how long you’ll need to lease a vehicle, so you can establish the right lease terms in the agreement.
However, what if there were other ways you could better prepare for your visit to the dealership and get a better deal?
Some tips on how to lease a vehicle better and get a better deal are:
Choose A Vehicle That Holds Value
It’s not enough to choose a vehicle that has value. You should choose a vehicle that holds value. Choosing a vehicle that holds value means it depreciates less.
Choosing to lease a pre-owned vehicle is one way to choose a vehicle that holds value. Another way to choose a vehicle that holds value is to pick a car that has a good resale value or “residual value”, in lease terms.
Residual value means how much the car is worth after you return it or what’s left (i.e. residual).
Choose The Best Time To Lease
One of the best months to lease a vehicle is in December because it’s the end of the year. This is when salespeople are trying to reach their quota.
During this month, there are many more specials and deals you can take advantage of.
Know Where To Find The Best Deals
Use external resources to find the best deals. There are sources that can tell you which make and models are currently in surplus and which ones you can get the best deals on.
Kelley Blue Book is a great source to learn the value of a vehicle. Knowing the true value of a vehicle can help you negotiate the price.
Know Your Vehicles
There are specific restrictions on the deals a dealership provides and those deals or specials are only set to certain models and makes.
Get leased Porsche Cayman GT4RS or even a Lexus UX Hybrid or Jeep Gladiator. You can get a newer, nicer vehicle without having to pay the price. Just know your vehicles and do your research.
Have A Strong Financial Background And Employment
Besides having an excellent credit score and having the means to make the required monthly payment, it’s also important to have a stable work history.
