Things to consider while leasing a car

A car lease may or may not be the right thing for you and depends on your situation. But, if you find your inclination towards leasing over buying then there are few things to be considered.

Do This

Gather information: Learn as much as possible about the process of leasing a car through all the available resources. Make sure you understand how the process works, how the lease works and the terms of the lease. If you don't understand, ask questions until you do.

Do the math: Know what the car you are leasing will cost if you decide to buy it. Determine if leasing is cheaper or more cost effective than buying.

 Read your contract thoroughly: before signing the contract, Make sure you read and understand the entire contract. If you are approaching many car leasing companies then compare all the contracts.

Keep the car for the entire lease period: It is never cheap or easy to opt out of your lease early. Make sure you have a stable situation that allows you to pay for the car during the lease process.

Avoid This

Leasing without gap insurance: Gap insurance is cheap and protects you in case of early lease termination. Everyone who leases a car should get a gap insurance.

Not receiving the detailed information: If you feel the dealer is trying to hide any information from you, particularly about the numbers and the money factor, be aware. Get all the information and if the dealer is hesitating to give you details before you sign, simply don't sign.

Don’t pay too much: Never pay too much for the car you are leasing. If there is not much difference between the actual price of the car and the lease price, then you need to renegotiate the lease.

Don’t be afraid to negotiate: Know the exact price of the car and be willing to negotiate; lease prices are not non-negotiable. You can negotiate the price, and also the mileage limit, if you want to exceed that. All leasing companies in India are within their rights to change those terms and make a contract incorporating the lessee’s customized needs. 

Dream Big, Drive a Bigger Car

Vehicle leasing allows a person to take possession of a car without having to buy the car. The advantageous part is that after a few years when the car has lost your interest you don’t really need to bother about how to dispose off the car which has already depreciated in value. You can easily drive a bigger car of your dreams with a number advantage as explained below;

Be free to choose your desired model

Because leasing a car is way cheaper than actually buying one you have room in your budget to choose the car of your choice. There won’t be any need to settle down for a different model. Leasing companies in India also offer attractive discounts which mean the prices will be further lessened.

Minimal cost for maintenance

Cars necessitate regular maintenance and upkeep.  The owner does these things to ensure the car runs efficiently and lasts. With leased cars you don’t have to worry about maintenance as the car would be only in your position for relatively short period of time.

Use and Return

Of course, once the lease agreement has lapsed, the car is no longer your trouble. All you need to do is return the car to the company. Leasing a car is relatively inexpensive as the money spent upon the car is not as big as the actual cost of the same when purchased.

And other options are…

If you feel that you do not want to let go of the car that you have used for so long you can always buy the car after the lease period has expired. All you would have to do is to pay the price prevailing at the time of purchase and the car is yours.

Visit www.aldautomotive.in to explore benefits of car on lease.

Car Leasing: An option worth Considering for Car Lovers

You are reading this post because you are passionate about cars. A true car lover forever seeks for new models of cars and yearns to drive them all. As it is, every car has some unique features tagged along that allure the person even more. He/she would just wish to relish the fun of power, excitement and luxury which derives out of driving different cars. Now, there is a problem if you are not a millionaire and you want to fulfill these extreme desires. Fascinating cars are mighty expensive and out of budget most of the times. Another alternative would be to become a full time test driver. Most of you must be wondering ‘Is that even a viable option’? Well, no. So the only practical option is to lease a car. Let us tell you how car lease in India can help you with your situation; 

1. More Cars, More Often

The major attraction of car leasing is that you can switch cars as and when you want. The monthly lease payments are much lesser than the monthly payment of a loan so evidently, you can have more cars for your money. Also, you can lease a brand new car every two to four years depending upon the term span of your lease.

2. Low Monthly Payments

Get this right, monthly payment for a lease is generally lower than the monthly payment of purchase loan for the same vehicle.
3. Fixed/preset price motoring

You are bound to pay an agreed amount every month for the car. This payment remains the same all through your contract which helps you budget precisely.

Vehicle lease is thus a reasonable option for car lovers. You can lease a vehicle with ALD Automotive to feel the pleasure of leasing.

Visit www.aldautomotive.in for detailed information about commercial vehicle leasing.