If your vehicle is in need of an upgrade, then you may be wondering what the best option is for you financially. Is it worth spending money on a new car, or should you opt for a more affordable, second-hand option? An increasingly popular choice for families, professionals and businesses is to lease cars, rather than purchase them outright. But how do you get a good deal on your next lease car? We’ve rounded up some tips to follow below.
Choose a realistic model
You may think that, because you’re only leasing your car, you can afford to splash out and select a model that would usually be outside of your price range. Although it’s true that leasing makes it easier to choose a higher quality model, you should still be sensible and choose a practical car that’s within your price range. Consider the monthly repayments and decide whether you can factor them into your budget, and also examine the cost of fixing or repairing the vehicle if something was to happen to it.
Shop around for a bargain
The internet makes it easier than ever to shop around and get a bargain on all sorts of goods, and lease vehicles are no exception. Before driving to your local car dealership to find your next car, consider checking out the van leasing services provided by companies such as Leasewell. Not only are you likely to conclude that a lease is more affordable than you thought, but you’ll be able to compare prices and make sure you’re getting the very best price for your budget. Remember that a lease is a contract, so the more money you can save every month, the more disposable income you’ll have left over for the finer things in life.
Negotiate a good deal
It’s entirely possible to negotiate a discount on your lease hire – you just have to know how to ask. Money Crashers has put together a guide on how to successfully negotiate lower prices in any situation, and their tips can certainly be applied when you head to the showroom or get in touch with your vehicle lease company before signing your contract. Make sure you do your homework, know your limit and don’t be afraid to walk away if you don’t think you’re getting a good deal – you’re bound to find another lease hire company offering your desired vehicle at a good price.
Double check your contract
Before you sign up for your lease, make sure you read the ins and outs of your contract – you could be stung with hidden fees and extras that were not clearly explained to you when you discussed your lease with your salesperson. If you have any concerns regarding your contract, make sure you address them before signing your contract – it’ll be too late when you sign your name on the dotted line!
There you have it – some of the best ways to save money and get the very best deal on your lease. Remember to shop around, negotiate, find the right vehicle at the right price and double check the ins and outs of your contract – it’ll save you time and money.