Leasing a car is one of the more popular car financing options today. Buying a car no longer offers consumers the same benefits it once did. However, leasing a vehicle can still get quite pricey for the average consumer. Of course, if there is any chance of saving money, any consumer will jump at the opportunity. Thankfully, there are ways you can save money when you lease a vehicle. If you want to lease a vehicle sometime in the near future, you are in luck. Find out how to negotiate car leases to get the best deals on leased vehicles in the post below. This is sure to help you cut back on start up costs and lower your own monthly expenses.
Know What You’re Talking About
First things first, you need to be familiar with the auto leasing lingo that will be thrown out at you during leasing negotiations. There is quite a bit of lease terminology that the average consumer is not familiar with. Making sure to learn up on words like cap cost, cap cost reduction, acquisition and disposition fees and similar before heading to the dealership. When you know what you are talking about, dealers will be far less likely to try to pull one over on you, out of fear that they might get caught. Learn as much as you can before you head to the dealership. This way, you are armed with the knowledge it will take the get the best leasing deals possible for yourself.
Don’t Tell Them You’re Leasing
Do not tell auto dealers that you are leasing a vehicle upfront. Wait until after you have negotiated the car price with the dealer. This is a great way to avoid falling victim to car salesmen tricks. Car salespeople will frequently focus on only the expected monthly payment price when they know they are dealing with a customer that only wants to lease. However, this can cause you to get ripped off. You can wind up paying more for leasing than you would pay for the price of a new car outright. Negotiate the price of the car as if you were buying it today. Then, once you have that negotiated car price nailed down, tell them you are interested in leasing. This is the best way to avoid falling victim to car salespeople tricks when attempting to lease a vehicle.
Consider Getting Help
Consider getting help for your auto lease negotiations. There are several technology solutions aimed to help consumers in your exact position. These apps and websites can help you calculate loan terms on the fly. Others can help you identify current sales and buyer incentives being run at dealerships in your area. The best car apps are the ones that tell you how much other customers have paid for your car at the exact same dealership. Consider using one or all of these technology solutions that make buying a car easier. These technology applications for easy loans will help you get the best deal when leasing a car.
Take A Closer Look At The Car
Take a closer look at vehicles you are considering leasing. Inspect the manufacturer sticker, in particular. It will usually be found on the driver side door of the vehicle. That sticker will have a date on it, located in the left hand corner. That month and date is marked to identify when the car came off the production line. The farther away the date, the longer the car dealership has had that car sitting on the lot. The longer a car has been sitting on a lot, the more the car salespeople will be trying to move it, and fast. That means you may be able to get a better deal on the car, because the dealership is just trying to move it off the lot. This is one of the tricks for shopping for cars that many consumers do not know. Take advantage of it, and it is sure to help you score a better deal on your car lease.
Don’t Be Afraid To Leave
Do not be afraid to leave a dealership when the lease negotiation process has hit a brick wall. If you hit a brick wall with a particular salesperson, shake their hand and thank them for their time. Then, get up and walk out the door. Oftentimes, the car salesperson will panic. Then, they will suddenly become a lot more flexible and accommodating of your requests and demands. Other times, they will just allow you to walk out without issue. In those times, it is better for you to leave anyway. This way, you can find an auto dealership that is actually willing to work with you. That will help you get the best deal when you lease a vehicle, so that you pay as little as possible for your car lease.
When you decide to lease a vehicle, it is important to go into the process as a well-informed consumer. Otherwise, you will be taken for all you are worth. In order to get the best deals on leased cars, you need to know what you are talking about, just as a financial accountant would. That will make vehicle leasing negotiations much easier. Learn how to negotiate when leasing a car by using the tips and tricks detailed above. These car leasing tricks will make it possible to get the best lease deals to help you save money on your vehicle leasing costs. Then, you can impress your family and friends with your negotiation skills and cost savings.