10.31.07
Posted in General, General Leasing, Car Leasing, Buying versus Leasing at 12:29 pm by LeasingRus
The dealership experience can be extremely stressful, but it doesn’t have to be. You could know everything there is to know about the cars you’re considering, but that’s only a fraction of the buying process. If you want that seductive new sedan at a good price, you’re probably going to need to know what to say — and more importantly, what not to say.
Some people loathe the whole car-buying experience simply because they anticipate getting conned. A few hundred dollars isn’t a big deal on the price of a luxury car, but it’s the idea of smart shopping and that sense of getting a good deal that’s especially important. For luxury car buyers — notoriously labeled the shrewd shoppers — a good deal is icing on the cake.
“The educated consumer is the one who will drive away with the best deal and the best experience,” says Rob Gentile, director of car-buying products at Consumer Reports.
To help you take the driver’s seat in the buying experience, first learn to play the game, and you might even end up doing some smooth talking of your own.
Ready, Set, Go!
1. “I’m ready to buy now.”
This is an admission of weakness and an invitation for the dealer to throw out a price that’s slightly below the manufacturer’s suggested retail price (MSRP) to see if you’ll take the bait. It shows that you’re too eager and willing to consider an offer, and it also gives salespeople the advantage by allowing them to talk you up as opposed to you talking them down. But by adding some very precise parameters, you’ll sound confident and strong from the start. Read the rest of this entry »
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07.03.07
Posted in Articles, Get out of a car lease, Auto lease, Car lease swap at 4:41 pm by LeasingRus
7 ways dealers make you pay extra. Winning strategies for playing the car-buying game to win.
Your goal is to get the best car at the best price. The dealers’ goal should be to help you do this, but too often it’s simply to make as much profit as they can. As a smart shopper, you need to know the common strategies that dealerships use to pad their bottom line–from tricky negotiating tactics to trying to sell you unnecessary extras–and how to avoid playing their game. Consumer Reports’ auto-test staff, which buys more than 50 vehicles a year, has had hundreds of dealership experiences. Following are some of the most common things you could encounter and CR’s advice on how to avoid falling prey to them.
1. Mixing negotiations. Salespeople like to combine the vehicle price, trade-in, and/or financing negotiation, often asking you what you can afford to pay per month. This gives them more latitude to provide a favorable figure in one area while inflating figures in other areas. In the end, this could cost you more overall.
Avoid this trap by negotiating one thing at a time, starting with the price of the car. Approach this as if you were paying cash, with no trade-in. To get the best deal, you should go in with a starting price that’s based not on the vehicle’s sticker price but on how much the dealer paid for it. The dealer invoice price is commonly available on Web sites and in pricing guides, but that isn’t necessarily what the dealer paid. Read the rest of this entry »
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06.30.07
Posted in General, Articles, Auto lease at 3:37 pm by LeasingRus
“Sticks and stones may break my bones, but words will never hurt me.” That’s all well and good on the playground, but it’s a different story in a car showroom.That’s because auto dealers have their own colorful slang that says something about how the car business operates; some pitfalls to watch out for; and Read the rest of this entry »
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05.28.07
Posted in General, Car Leasing, Get out of a car lease, Car lease assumption at 9:18 pm by LeasingRus
That’s our bet over the next 2-3 years. With the large growth in environment conscious consumers, we’ll soon see more auto leases by dealers available for eco-friendly fuel cell hydrogen cars. As the climate and energy challenges in todays market lead auto manufacturers to make a solid contribution to the consumer industry for eco-friendly automobiles, those consumers who prefer the advantages of leasing a car will have a direct result on the increase in the already popular concept of auto lease assumptions (car lease take overs).
The age of the hybrid fuel cell car has arrived. As the vehicles see a solid improvement in fuel mileage, and the rising cost of oil and gas, more consumers will be opt to take on the new concept cars.
It’s still unknown how this will affect the industry of vehicle financing, but one can assume any increase in consumer consciousness of global warming will impact their vehicle purchasing / leasing decision, and those who go the green route will see an increase in these eco-friendly vehicles.
Our call is that we see more consumer understanding the benefits of leasing a car, we’ll see an increase in these fuel cell vehicle leases hit the market, and soon after the increase availability of eco-friendly hydrogen fuel cell car leases for lease assumption.
Do you have a Hydrogen vehicle you’re seeking to get out of a car lease? Let’s hear your comments - is the vehicle worth the hype?
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02.01.07
Posted in General, Car Leasing, Buying versus Leasing, Auto lease termination at 7:55 pm by LeasingRus
Considering to get into a car lease this year? With all the new models on the market, there’s a large selection to choose from. Though before you quickly jump into the decision to lease a car this year, consider the options between auto leasing versus buying a new car.
Which is the better approach - to lease a car or buy a car? The notorious debate. Whether to buy a car lease get into a car lease, the decision comes down to your own personal financial preference. Is ownership important to you, or maybe not. Maybe you prefer to drive the latest model, but can’t afford to buy it out right. Possibly, having lower monthly payments is the biggest win for you. Whatever your reason is will dictate the financing option you should take with your new vehicle. And yes, if you do opt to lease a car, your financial or personal situation may change throughout the year(s) and you may decide to get out of your lease. You can return your leased vehicle and trade it in towards the purchase of a new car - or yet another auto lease, or pay the lease contract out and any penalties associated. Alternatively, maybe your situation involves getting out of driving a leased vehicle all together - such as the need to free up the money for that new house, or tuition for university. Whatever the case, some leasing companies do provided you the option to swap a lease to someone wiling to take over the remainder of the lease agreement. This is commonly known as lease assumption and is offered through lease assumption services as AutoLeaseBreakers.com, AutoLeaseBusters.com, Swap a Lease and Lease Trader. Learn more about assuming a used lease, or how to terminate a car lease.
Compare the difference between leasing vs. buying from both a financial perspective, and obligation perspective.
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