How to Lease a Small Car
Leasing a small car follows the same procedures for leasing a standard sized car or a large family van. There are various differences between leasing a car on a short-term plan and leasing a car for a long period of time, such as leasing conditions and down payments. You should let the leasing company know for how long you need the car, as it will affect how your lease and payment process is completed.
Other People Are Reading
Instructions
-
-
1
Find a leasing company that has the specific small car that you want to lease. While some people are picky about what type of car they are leasing, others just want to lease a cheap, small and environmentally friendly car.
-
2
Let the sales representative know the duration of the car lease. If you are only leasing a car for a month, the lease terms may be different than a lease that extends over several years. The terms can vary depending on the leasing company.
-
-
3
Review the lease terms with a sales representative. Ask the representatives to explain any part of the lease you do not understand. A lease that spans several years may have additional sections compared to a lease that lasts a month.
-
4
Have the representative explain what would happen in case of an accident. This includes your responsibility in terms of liabilities, accidents, losses or a stolen car. This needs to be clearly understood by both you and the representative.
-
5
Ask the representative to outline the depreciation of the small car you are leasing. This should include the year, model and make of the car, along with the miles it has already driven. This can help you estimate the value of the car at the time of leasing. This step is only relevant if you are leasing the car on a long-term basis. If you are only leasing the car for a weekend, this is not necessary.
-
6
Review the lease once more to ensure you understand everything. Sign the document and initial your first and last name initials where required. If you are leasing the car for a weekend, you will pay after the weekend is over and the car has been approved for no damages. If you are leasing long-term, you may need to pay a down-payment. Show proof of age and your valid driver's license when you are leasing.
-
7
Ask the sales representative about insurance possibilities. If you are leasing short-term, the leasing company may be able to step in and offer short-term insurance. If you are leasing long-term, you need to get car insurance yourself. Ask if the leasing representative has a list of suggestions for insurance.
-
1
References
- Photo Credit yellow car, a honda japanese sport car model image by alma_sacra from Fotolia.com
