Corvette - yellow body, black top

flickr.com/savannahgrandfather

People lease cars for various reasons.  Some drivers are capable of writing off their transportation costs at tax time.  There are those who lease to provide themselves with a regular supply of new cars.  Others still simply favour leasing to the hassles of car ownership.

Whatever your rationale for leasing a car, you need to know how to spot a good deal,  and save money on your lease. Read more . . .

Dollar sign over the earth

flickr.com/donkeyhotey

Leasing an automobile can leave the average consumer feeling flabbergasted by the mathematical equations that unfold before you.  The very basic process can seem like a numeric undertaking that requires an Einstein-like understanding of figures.  That’s just what the leasing companies would like you to believe.

Many of us shy away from the seemingly complicated equations that determine our monthly lease payments, preferring instead to leave the calculations to the dealer.  It’s actually not that difficult.  Once you have a basic understanding of all the figures in calculating your monthly payments, it can all fall into place very nicely. Read more . . .

Office space for rent

flickr.com/sweetone

One of the first lessons we learn about business is to take the guarantees of your car dealer with a grain of salt. Of course, there are honest sellers who have your best interests at heart, but the sale still reigns utmost with many.  Now that leasing is becoming such a popular option with today’s consumers, the old car dealer scams have taken new shape.

It seems that, these days, there are as many people leasing cars as buying, and with good reason.  Leasing offers Read more . . .

If you’re leasing a car, the day will ultimately come when those expensive monthly payments finally come to an end.  And then,  absolute reality hits you.  You’ve just spent hundreds of dollars monthly for several years on end, and it’s time to return the car back to the dealer.  Lease buyouts can offer a substitute to walking away from the dealership with nothing to show for your hard earned cash.

If you decide to keep your car at the end of the lease, you should do a little research to make sure that you’re getting a fair deal.  First, you need to know the full  amount involved in buying out your lease. Read the fine print in your agreement, and find the “purchase option price”. This amount is set by the leasing company and is normally composed of the residual value of the car at the end of the lease, plus a purchase-option fee ranging anywhere from $300 to $500. Read more . . .