1) Car Leasing Secrets
Car leasing is certainly one of the most popular ways of owning a vehicle. According to some reports, more than thirty percent of all new cars are leased and even the percentage of leased used cars is rising steadily.
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2) Dealer's Money Factor
The money factor is the interest rate on the money borrowed. Once you find out what the money factor is, you can find out what the effective interest rate is. You have to know what these two things are.
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3) Pros and Cons
Choosing whether or not to lease a vehicle is a highly individual decision and depends on your financial and life circumstances at the time. Let's first explore the advantages of leasing a vehicle.
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4) Interpret a Lease
If this is the one-sided conversation you fear will take place between you and your Finance Manager at the time of your vehicle leasing, it's time you wizen up to some car retail terminology and document lingo.
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5) Lease Start Up Costs
If you are considering vehicle leasing, get a jump start on knowing what's coming out of your wallet here. The first place to begin is to understand the up-front costs - or minimum costs - due at your lease signing.
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6) Extra Mileage
Car lease contracts are written to discourage and even prevent early termination. Often, car lease contracts limit the number of miles you can drive the vehicle to 10,000 to 15,000 miles per year. What happens if you exceed the limit?
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7) Car Lease Term
You need the answers to five questions before you lease a vehicle. You also need to learn a quick trick to be sure that you obtain the proper lease term. You need to match the term of the lease to the term of the...
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8) Total Lease Costs
It's not as easy as a dollar down, a dollar a week and you own it - or is it? To lease a car or buy a car is not really the question either. What really matters? The bottom line is "What's it really going to cost me?"
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9) Lease Terminology
You know what the residual and money factor is already and how it relates to car leasing. There are several other things you need to know. There are all sorts of fees written into the lease and you'll need to learn all the accompanying jargon.
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10) How to Negotiate a Car Lease
Look at the whole car lease picture and not just the low payments advertised. Don't accept a sales person's speech about the cost of the car as not important. Cost and depreciation determine the payment. Consider only cars that...
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11) Early Lease Termination
Dealers make car leasing simple and many customers assume that getting out of a lease is just as simple. If you are unable to keep the car and keep making payment for the full term of the lease, there are some serious financial penalties.
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12) Calculate Payments
If you are planning to lease a vehicle, you had better brush up your grey cells. Or, if math was never your strong suit in school, check out one of the many lease calculators online and let the calculators do the heavy lifting for you.
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13) End of Lease Options
Unlike the end of a romantic relationship, the end of your leasing relationship is predictable. When your lease ends, you can negotiate the future of your relationship with your leased car and you'll have plenty of options from which to choose.
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14) Write Off Your Lease
If you own a business in which driving plays a major role in the work, you want to know how to maximize your tax write-off for travel expenses. Leasing provides several opportunities for tax deductions, including depreciation.
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