If you can’t pay a huge sum to buy a new car, you have another option: You can pay much less and lease a car. How do you go about renting a car? Well, all you have to do is make a small down payment and then make monthly payments over the term of the lease. You will return the car when the term ends. Read on for tips to help you rent the right car.
the type of car
First of all, you need to decide what car you need. Do you want a sedan, an SUV or a convertible car? This is an important consideration.
Choose the correct model
You need to create a list of cars that are within your price range. To lower your non-lease costs, you can opt for models with a high level of reliability, good fuel economy, and safety features, just to name a few.
Go for a test drive
As soon as you have listed a few models, you should take a test drive on each car. Be sure to consider visibility, comfort, steering, braking, shock absorption, and internal car noise.
Consider security
During the test drive, you should ask the seller about ESC, ABS, and other safety features. Remember: safety should be your top priority.
Compare different lease offers
Once you’ve got all the details from the dealer, you need to compare offers and decide how much you’ll pay each month.
negotiate the price first
Before you go back to the dealer to make a deal, you need to negotiate the purchase price. Once you’ve negotiated the price, you need to go ahead and let him know you want to lease the car. This is important because your monthly payments will be based on the price of the car.
negotiate the price
You must negotiate the price of the car. If you want to know the prices of new cars, you can go to Consumer Reports. The price of the car will be between the manufacturer’s suggested retail price and the dealer’s wholesale price.
Avoid the cabinet
Remember: Your seller may pressure you to close the deal based on how low you’ll be paying each month. However, this will increase the total amount to be paid over the term.
The lease payment
If you make a larger down payment, your monthly payments will be lower. Failure to make each payment on time will result in penalties. Therefore, you should keep this point in mind. Similarly, if you return the car before the deadline, you will still face a penalty.