Instead of buying a new car with a bank loan, you rent or lease the car for 3 or more years then give it back to the leasing company at the end. Auto leasing is a way to drive more car than you can afford and change cars every 3 years without hassles or trading in. If you understand all the terms as I explain them, and study the sample exercises in this article, you will be poised to negotiate a value added lease. But overlook one detail or forget to check their math, you'll lose your shirt. I'll show you how to be a proactive deal maker and level the car leasing play field. When you lease a car, the dealer sells the car to the leasing company who leases you their car for 36, 48 or more months. The dealer handles all the financing paperwork in the lease, you usually don't talk to anyone at the leasing company at all. When we talk about the dealer financing your lease, we are referring to their handling of the paperwork on your behalf, you are not leasing a car from the dealer, but from the leasing company. |
