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.
No comments:
Post a Comment