Leasing Scams

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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 . . .

Lease Buyouts Explained

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 . . .