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Car Lease – How To Get The Best Deal
October 20th, 2010 by admin
Car Lease – How To Get The Best DealSince you are reading this, I am going to assume that you are looking into the lease options for your next new car instead of purchase options. A new Car Lease May be a good deal for you but it is something that you should examine very carefully, since you may end up in a much worse position.On the up side, a new car lease is almost certainly going to have lower monthly payments that a purchase, compared with the same amount of money out of pocket at the time of signing. You can usually get a good deal on a car lease for less than a couple thousand out of pocket. The monthly payment is going to be determined by what the estimated resale value of the car will be at the end of the lease. So a car with poor resale value is going to have higher monthly payments than a car with a much better average resale value.But on the down side, you are still responsible for the maintenance of your leased car – gas, oil changes, tires, tune-ups, insurance, and all the other things that normally accompany car ownership, but you are not building any equity in the car. In other words, you are in effect RENTING the car, except that you also have the responsibility for the maintenance of it.Not all new car leases are created equally.
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