Money-Saving Tips for Leasing a Car

Money-Saving Tips for Leasing a Car

• Just like you would with buying a car, you should first negotiate the price of the vehicle. Only after you have a firm price should you bring up leasing. After all, it is a form of financing.

• The mileage limit, down payment, and purchase-option price can also be negotiated. Remember that, just as with a loan, the more you put down, the less your finance charges will be.

• Negotiate the lease money factor, the number used by some lessors to determine the interest (or rent) portion of the monthly payment.

• Unless it’s included with the lease, buy Guaranteed Auto Protection (GAP) insurance to protect yourself in case the vehicle is stolen or totaled in an accident.

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