"What Should I Consider When Leasing a Car?"
posted on Mar 14 2014 by Jade Hensby
Well, you've decided to lease your next car. Fantastic idea; but what do you need before you can drive off into the sunset This post is going to tell you exactly what you need to qualify. Firstly, you should look at your current situation. We may be at the end of the recession tunnel, but the after effects can still be found in the form of credit rating.
The better the rating you have, the easier it will be for you to lease a new car. When choosing to lease, be sure you are confident you can make the payments each month for the next two to three years, leasing a car is a commitment you need to feel confident about. Other things you should consider when applying for a lease car is your living situation. When leasing a car youll stand a much better chance if youre living in your own rented/mortgaged house. In simple terms, the better your credit score is, the easier the process will be. The next step is the fun part; as long as you have a good credit rating, the next issue would be choosing a car to lease that is suitable for your lifestyle.
Its all well and good wanting to lease a 3.4 Porsche Boxster roadster, but trying to fit your family of four into a two seater could prove difficult. Similarly, if you travel on the motorway a lot, youll want a car that has a smooth drive over long distances, rather than something that isnt as practical as you may need. It is important to get this right as it can be expensive to cancel a contract. Generally it would cost 50% of the remaining cost in the penalty. Also, consider where the car is left during working hours/night. You dont want to spend money on a fantastic car if its going to be vulnerable when left out of sight. After all of this, you want to enjoy the car. Leasing, after all, is about being able to drive cars that you may not want to buy and own. Driving should be an enjoyable activity, not a laborious task- so have fun when selecting your car, and enjoy it for all its worth, just be sure to choose the right one for your lifestyle as you see it over the next two to three years. Find out more about the costs of leasing a car.