Leasing a car is the best option to drive a car of your choice and still save money. However, this is possible only if you know how to differentiate a good lease deal from a bad one. Many people in UK pay more than the sticker price for a leased car and still believe that they have got the best deal. Dealers now show more interest in leasing cars because they can make money leasing the car.
While looking at an actual car lease ad, you will not be able to find a good deal. You must know to read between the lines to understand the actual meaning of fine print. Lease period is what you should watch more closely. Any lease longer than 48 months will not be beneficial. Many dealers advertise longer lease period only for the purpose of advertising lower monthly lease amount. In the ad, you must understand if the lease is open end or close end lease.
Acquisition fees are always involved in car lease. This is a hidden fee in most of the cases and you won’t know about it unless you ask about it. This fee is not negotiable. Some car lease advertisements will specify the maximum allowable miles. If you drive more, you have to pay additional charge for every extra mile. In the advertisements, car lease amount specified is always exclusive of tax unless mentioned otherwise. As you read the fine print, you will know the minimum down payment required to get the lease. Apart from down payment, first lease payment, security deposit, tax, and other extra fees are applicable for all types of car leases.
Sometimes, a time period will be specified in the advertisements. In most of the cases, this time notice is given just to pressurize you to buy the lease at the earliest.
