As with any major purchase, the key to successful car leasing is to know how leasing works and to be prepared. The process is similar even through negotiating the price of the car. Once you agree with the dealer on the car price, then it s time to discuss leasing or financing. Many experts suggest that you do not even mention your interest in leasing until after you have finished negotiating the price of the car. Compare lease offers and be prepared to negotiate a lease that best fits your needs, budget and driving patterns.
Lease agreements are more complicated than new-car purchase loans.
You will need to be well prepared and take greater care to negotiate a good, fair lease agreement. Understanding the Terms of the Lease For a glossary of lease terms and definitions, see Glossary of Leasing Terms . New rules under the Consumer Leasing Act require leasing companies to disclose information about costs and terms of a vehicle lease to you, the customer. Ask about standards for wear and use. Dings or dents that you may regard as normal wear and tear may be billed as significant damage at the end of your lease.