10.06.06

Don’t Buy a Car, Lease it. It’s Cheaper to Lease a Car

Posted in General, General Leasing, Car Leasing, Financing, Auto lease at 6:13 pm by LeasingRus

Instead of buying a car, what if you could just rent one for regular use? Car rentals are popular in several countries, but this is about auto leasing — renting out cars on contracts that can last three years.

“Globally, it’s not very important for many customers to have a car registered in their name. In India, a car is still considered an asset though logically the value of the car goes down drastically as soon as it is out of the showroom,” says Rajiv K Vij, CEO, Hertz India, which started leasing cars in India about eight months ago.
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Automobile Markers Aim at Car Leasing Market to Expand Sales

Posted in General, General Leasing, Auto lease at 6:08 pm by LeasingRus

A recent news release on auto leasing shows that more and more local automakers are eyeing the car-leasing market, tying up with suitable partners, to warm up new car sales amidst the frosty domestic automobile market.

Consumers currently in the market for an auto lease should be aware of this as auto makers using this vertical channel will use dealers to push consumers into new vehicles.

08.28.06

New Vehicle Lease Won by Loyal Driver at Camp Jeep

Posted in General, General Leasing, Auto lease at 4:45 pm by LeasingRus

Chrysler Financial has announced the winner of a two-year lease from the “North, South, East, Guess” contest held at Camp Jeep earlier this month.

Chrysler invited participants to guess the number of antenna toppers packed into a Jeep Compass and, out of 1,289 entrants, Todd Radtke from Minnesota won the lease on a 2007 Jeep Compass.

Camp Jeep is one of several owner-loyalty programmes created by the Jeep division of Daimler Chrysler. According to Kelly Mankin, vice president for Chrysler brands marketing, “Chrysler Financial’s participation in Camp Jeep was an excellent opportunity to interact with customers and promote financial education in a fun way.”

08.09.06

What Makes a Good Car Lease Deal, or Bad Lease Deal!

Posted in General Leasing, Car Leasing, Auto lease at 4:44 pm by LeasingRus

In all the research you compile in your research for your next auto lease, in the end how do you know if you’re getting a good deal or bad deal? One of the most important parts of a successful car leasing deal is being able to quickly spot a good or bad deal.

Before stepping into negotiate with a dealer on your next auto lease, do your homework first. Three key things you should know before you engage the good cop / bad cop routine to get the best lease deal you can.

  1. Negotiating or finding a low lease price
  2. High residual value
  3. Low money factor (money factor)

It’s totally possible you won’t nail everything you want from the above three points, however if you nail even 2 out of the 3, you could be on your way to a great auto lease deal. It’s the combination of all these points that make a good deal and how you, the consumer feel, once the deal is done.

The above gives you a general idea of where to start sniffing in your research for a good lease deal. Learn more on the details of what makes a good car lease deal, or a bad lease deal here.

This covers the areas of looking at how to analyze the lease deal, where to look for a good lease deals, details on banks and credit unions, and leads into further details on how to negotiate a car lease deal.

Good luck in your dealings!

08.02.06

Auto Leasing - More Fee’s for Returning the Lease

Posted in General Leasing, Car Leasing, Buying versus Leasing, Financing, Auto lease swap, Car lease swap at 4:48 pm by LeasingRus

All auto leasing individuals should know that leasing a new car gives you a lower monthly payment than buying that car.
But buyer beware: Make sure you know about all the fees you might have to pay at the end of the lease, that’s if you opt to ride out to the end of your auto lease, or decide to auto lease swap.
Some consumers would be shocked at what they would have to pay if they turned in their auto lease to the dealer or leasing company early - known as auto lease termination. Even though you may have taken good car of the vehicle, returning a car lease early can be a costly experience. As outlined in all lease agreements, the disposition fee can be costly, and doesn’t cover any of the wear and tear you place on your vehicle throughout your lease term. The wear and tear fees alone can run past triple the amount of your disposition fee, and can be quite a sticker shock. This may include any dents, cracked windshields or dings, scratches, etc. So while you think the disposition fee on your auto lease was pricey, ensure you understand what the additional costs would be on the wear and tear.

Do your research a year or two before the end of the auto lease, as you may find an option to break your car lease through an auto lease swap; whereby finding another consumer to transfer the auto lease too and will assume the lease payments and contract.

Whlie auto leasing has its advantages over buying a car, ensure you understand fully the costs associated to the lease agreement upon returning the vehicle. FInd out what you’ll be charged for returning the auto lease early, and at the end of the lease when you terminate the auto lease. Find out the additional costs on wear and tear if you can, or what’s considered normal wear and tear on the vehicle.

Remember, before you opt to auto lease as your preferred form of financing that vehicle, ensure you understand the full scope of the pros and cons of leasing. Download the two ebooks available to consumers to help you make a better and informed descision. 1. 2006 Auto Leasing for Consumers  and 2. Auto Lease Swap - How to Get Out of an Auto Lease Early

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