Difficulty: Moderately challenging
Step1
Shop for and settle on a car.
Step2
Discuss lease terms with the sales representative.
Step3
Ask for a complete explanation of your liability in case of an accident or total loss of the vehicle.
Step4
Check the depreciation on that model of car.
Step5
Compare your costs, including the depreciation, to your costs if you were to simply buy the car and make payments.
Step6
If you still decide to lease, review and sign the lease agreement and write a check.
Comments
Anonymous said
on 11/22/2005 When you turn in your car after the lease expires it is a good idea to photograph the car to prevent getting unjustly billed for any damages. Get all views and angles of the car, date the photos or take the photos in front of the dealership.
Anonymous said
on 11/22/2005 Don't get a lease for longer than the car's warranty period. This protects you from expensive repairs when you return the car.
Anonymous said
on 11/22/2005 The trick is to never tell the salesperson you want to lease, at least not at first. Lease payments are based on the full price you'd pay for the car if buying instead of leasing. Negotiate the lowest purchase price you can, and negotiate from there.