Everyone wants to drive an envy-inducing car and it’s unsurprising that dealerships know it: it’s one of the biggest draws that leasing has for consumers. Of course, not everyone can afford to buy a new car every few years, but with leasing as an option, it sure feels like you can!
Leasing a vehicle can be a confusing process, but the Wrecktify team is here to help you figure out if it’s the right move for you. Below, we share our best-kept shop tips for leasing to make your leasing process a whole lot easier.
New Glarus Repair Shop’s Tips for Leasing
#1. Know Your Budget
Browsing cars online and beginning to look at dealerships is an undoubtedly exciting journey. You’re eager to learn more about their numerous leasing options, and with good reason! First things first, know your budget. There are many different ways to lease—more on that later—and the prices will vary, so you need to know the absolute top dollar you can afford for monthly payments. It’s a great idea to also check the gas milage and factor that into your monthly gas bill.
#2. Read the Fine Print
What may seem like an obvious step is oftentimes overlooked. When pertaining to anything legal, read the fine print! Car advertisements that flood our TV and phone screens often only show the things you’re most likely to remember: the general numbers and the car.
What ads fail to show and what we don’t know is:
- How many miles it covers
- If you qualify for the deal
- The extra costs
- Fees and taxes
These details matter a great deal when it comes to the bottom line. Thoroughly research online when you hear or see an attractive leasing offer. If the deal still seems like an affordable option to you, visit your local dealership and see exactly what they can offer.
#3. Get Multiple Quotes
Getting multiple quotes allows you to find the best deal! We encourage and recommend you shop around and take your time visiting different dealerships, speaking with multiple associates. As a result, you’re making the most well-informed decision for you and your future new whip.
Each dealership is under its own management and can offer different deals. Talking to multiple salespeople can also make a difference. Sales representative are trained to make the deal look ideal to you while making it profitable for them. It’s often helpful to go to the dealership a few times and talk to different associates about the pricing they can offer, so you know you’re getting the lowest deal.
#4. Be Aware of Mileage Tradeoff
Arguably, this is one of leasing’s most significant drawbacks. A new car sounds like a dream come true, but what most don’t consider is the mileage tradeoff involved when leasing a vehicle.
There are some extremely attractive leasing offers out there, but they have an ultra-low-mileage allowance. A general standard for leasing mileage is 12,000 a year, but if you exceed this number, you will be charged roughly $0.10-$0.15 per extra mile. This can easily add to your bill if you aren’t careful with how many miles you put on your leased vehicle.
If this worries you, there is an unlimited-mileage option called an open-end lease. However, with an open-end lease, your monthly payments will be much higher. If, at the end of your leasing, the depreciation value is less than the market value, you will be charged the difference.
Wrecktify: Dedicated to Expert Details and Repairs to Get Your Car Sale-Ready
Be sure visit your New Glarus Repair Shop, Wrecktify, to get your ride in shape to receive top dollar when you’re ready to sell or trade it in for a lease. A clean car will always look better to a buyer and every bit helps.
We offer several detailing packages and can help with any minor or major collision repairs your vehicle may need. From a rejuvenating exterior wash to a professional paint job to a windshield replacement, no project is too big or too small for our skilled and passionate crew. Contact us today or come check us out for results that are sure to make you a profit!