There are several ways you can lower your car lease payment, including:
Negotiate the price: Just like when buying a car, you can negotiate the lease price with the dealer. You can also research the car's residual value and negotiate the purchase price of the car to get a lower lease payment.
Increase the down payment: A larger down payment can help lower your monthly lease payments. Consider making a larger upfront payment to reduce the amount you'll need to pay each month.
Extend the lease term: A longer lease term can lower your monthly payments, but keep in mind that it will increase the overall cost of the lease.
Choose a different model: Consider leasing a different model with a lower purchase price or higher residual value. This can also help lower your monthly lease payments.
Opt for a higher mileage allowance: If you're concerned about mileage limits, you can opt for a higher mileage allowance upfront, which can lower your monthly payments. However, keep in mind that going over the mileage limit can result in additional fees at the end of the lease.
Consider a different leasing company: Different leasing companies offer different lease terms and rates. Shop around and compare offers from different leasing companies to find the best deal.