People in the US usually opt for leasing a car, especially if they do not have enough money to purchase it. In fact, leasing a car is a fairly common occurrence but not many people understand how it works. In this article we are going to take a look at the complete process it takes of how to lease a car. There are 7 basic steps that we are going to cover. So, leasing a vehicle means you are paying the depreciation between the purchase price and the supposed value when you take the car back at the end of the lease.
First and foremost, when you plan on leasing a car, you must know what make and model you want to lease. The number is huge and make sure you choose it wisely. Also, if possible, make some basic calculations about the number of miles you are expected to drive each year. Each car model has its pros and cons, so make sure you do some research. After you are done with this, the second step requires you to go to your local dealership and ask if they have it. Next, it is time to take it out for a test drive.
See how the car drives and handles, and try to conclude if this is the car for you. The third step is crucial and can be difference between choosing the right or wrong car. So, in this step you need to visit at least three to four dealerships and look for the same car. The reason is quite simple, there is always going to be that one car that has more pros compared to the others. This is where you choose the interior, color of the exterior and the miles the car. Now it is time to ask for a quote.
After you have all the offers on the table, it is time to compare them. This is the fourth step and this is where you actually choose which car to lease. Compare the discounts, the value across all dealerships and did any dealership offer you down payments. It is important not to rush this step because it can sometimes be difficult to make the right decision. You are going to be flooded with numbers and it can get a little big confusing. So, take your time and carefully decide that is the best offer.
In the fifth step it is time for negotiation. Ask the dealership you chose even for a better offer and you might get it. The sixth step is required for you to choose the best final lease terms before you make things official. Your seventh, and final step actually finalizes everything you did in the previous six steps. This is when you sign the contract and actually get the keys from the car you chose. Confirm some other details and make sure everything is right. After reading this article, you are familiar with the process of how to lease a car.