This concise (only 74 pages), easy-to-read and understand book takes you through a basic explanation of the leasing process -- what a lease is and isn't. A comparison is made between leasing and conventional automobile financing. You'll then learn how the cost of a lease is calculated, and what can and cannot be negotiated to reduce cost or improve lease terms and conditions. Worksheets enable you to determine if a lease is right for your own circumstances.
Lease Your Car for Less reveals many deep, dark, hidden secrets about leasing that will enlighten you, help you strike a better deal, and avoid costly pitfalls inherent in a poor lease deal. You'll also learn to recognize and decode the fine print in misleading advertising, and, for the first time in any book, get the inside scoop on leasing a used car.
Used car leasing is the next big wave and it's about to hit the beach. No wonder. Consumers are just now beginning to realize they can lease a high quality , relatively low mileage, feature-rich, luxury car for about the same monthly payment they'd make on the purchase of a new, sparsely equipped, budget model.
Presently, automobile dealerships are being flooded with well-maintained, low-mileage vehicles coming off two and three year leases. They're being advertised at attractive prices and some manufacturers are even offering special, low-cost lease terms to move them out more quickly. However, used car leasing is not without its perils. Consumers should look for previously leased used cars which averaged 15,000 or less per year. It's also important to choose a car with a trouble-free service record and insist on an independent inspection by a qualified mechanic. Even then, it's necessary to understand the vehicle's warranty. The best extended warranty may not fully insulate the lessee from potentially high maintenance costs. For example, most warranties wouldn't cover the cost to replace a now-prohibited, freon-charged air conditioning system with a new freon-free system if the older system failed.
It is this kind of in-depth, sensible information that makes Lease Your Car for Less worth buying and reading before you visit the showroom.
