How do I find the best lease deal?

How do I find the best lease deal?

Here’s our top 10 tips to getting a good deal for a new motor you’ve leased.

1. Compare prices from multiple providers and dealerships. If you’re leasing a vehicle from a comparison website, there’s a greater chance that you will get the best price for your chosen model.
2. Choose a shorter lease agreement.

How can I get a lease quote online?

Some good websites to research include Price Quotes.com and LeaseCompare.com. You could also research Auto Lease Shopper to compare your previous offers and determine if you get a better deal. It’s important to bear in mind the actual value of the car when shopping for an auto lease.

Why you should never put money down on a lease?

Another reason to avoid putting any money down is because in most states, you will need to pay taxes on that amount. (If you roll it into the monthly payment, you’ll still pay taxes, but it will be paid off slowly over the life of the lease).

What is the best month to lease a car?

Most new models are introduced between July and October, so this is the time that you should try to lease to maximize your savings. 2) Holidays: Lease shoppers can find special dealership incentives during long holiday weekends, including President’s Day, Memorial Day, July 4, Labor Day, and Thanksgiving.

How do dealers determine lease price?

In broad terms, you calculate a lease by determining and adding the depreciation fee, plus a monthly sales tax and a financing fee. Then take the negotiated selling price of the car. Add in the fees to get the gross capitalized cost. Subtract your down payment and rebates.

What’s a good money factor on a lease?

A decent money factor for a lessee with great credit is typically around 3% to 5%. If you have fantastic credit and you’re offered a lease with a money factor higher than . 0025 (or 6% APR) then it may be worth your time to shop around.

Can you lease at CarMax?

Leasing a Car CarMax doesn’t lease vehicles (except at our two Toyota dealerships, for new Toyota vehicles). There are pros and cons to leasing a new car or truck.