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Top 5 Car Leasing Tips
posted on Sep 02 2014 by Kiri Nowak
As experts in car leasing, we know how to help you get the best deals. If you want to get the most out of your car lease then there are a few things you can do to make the process smoother. It’s best to have an open mind and make sure you know what’s involved.
If you are new to car leasing then you will find the following advice extremely useful. Here are our top five car leasing tips.
If you want to get the best possible deal then you need to try and be flexible. Some people have to have their dream car in a specific colour. There is nothing wrong with this, but you may not be able to get the most competitive deal. If you can be flexible on the colour or even the type of car you are more likely to find a car for an amazing price.
2.Understand the process
Car leasing is very straightforward but it definitely helps if you understand the process. The process of car leasing involves a few key stages.
-Select the car you want.
-Fill out a finance application form on our website.
-When you have passed your credit check you need to fill in an order form.
-When you car is ordered you will receive finance documents. Sign and return them.
-When the documents are received by the finance company you will then be given a delivery date.
-Your car is delivered
Our experienced sales advisors will provide you with all he information you need. We will guide you through the process and help you to find your ideal lease car.
3.The higher the deposit the lower the monthly payments
It’s important to be aware that you can significantly reduce your month payments by paying a higher deposit. The deposit forms part of the cost of the car, so the more you pay the less you have to spread across the length of your lease agreement. If you can save towards a larger deposit you will be able to reduce your monthly payments. It’s similar to getting a mortgage for a house; the more you put down in the first place the less you have to pay back.
4.Make sure you check the contract terms and mileage when comparing deals
When you are comparing deals for different cars it’s important to make sure you check the contract terms carefully. For example, you might think you are getting a better deal for one car and not realise it is because the annual mileage allowance is lower. Check whether the offer includes maintenance, how long the contract is for and how much money you will need to put down up front to get it at that price.
5.Check you have a good credit rating
It’s helpful to check your credit rating before looking into getting a lease car. Make sure you haven’t got any CCJ’s and check you are on the electoral roll. Your credit rating doesn’t have to be impeccable it’s just you have to be clear and traceable; you need to be able to show that you are paying bills regularly.