4 Excellent Tips to Help You Get the Best Deal in Car Lease
Car lease has some distinct benefits over purchasing a new car. Firstly, your monthly payments are usually reduced with a lease. In addition, a lease is usually 36 months or 36,000 miles which suits the warranty of most cars, saving you from unexpected repair costs. Also, you don’t have to go through the hassle of selling a used car over time. And it’s definitely a good idea to drive a new, shiny car every few years!
However, without doing your research first, you may get into financial problem with a car lease. So, what should you consider while leasing a car? Here are some factors to consider.
1.Invite Quotes Well Ahead of Time
Consider contacting the online sales department of a dealership to receive quotes prior to visiting their lot. It becomes quite difficult for the salespeople to lowball you if you already have a quote from their dealership.
2. Decide What You Want
When you approach a dealer to lease a car with no specific car in mind, you carry the risk of being presented the most expensive deals. So, do your research and give some serious thought to some options like 2019 Honda pilot leasing deals, that you can’t live without and those you can. Knowing what you want protects you from being pushed into a car you don’t need, and it also creates a powerful first impression that you cannot be easily persuaded.
3. Check the Inventory of Dealership
It’s a good idea to check the inventory of the dealership before visiting them. This is because if your desired car is in stock (taking up their valuable space), you can have an immediate upper hand in the negotiations. On the other hand, if your car needs to be brought to you from another location, they can have a bearing of doing a favor to you. But if you have the upper hand like in the former case, you can take the bearing of doing a favor to them as you are emptying their space, so can negotiate more easily.
4. Negotiate as if You are Purchasing the Car
When you are focused only on the monthly payment of the lease, you can easily get roped into a deal that makes you pay more than you want. This offers leverage to the dealer to push you into other lease terms. If you want to get into the best deal, first negotiate the cap cost, as if you want to buy the car. Actually, don’t even talk about leasing till you and the dealer agree upon a price. Once that’s decided, you can put forth financing options including leasing.
Remember these tips and they will help you get the best deal in car lease without letting you fall into a financial trouble.