Why shouldn’t one go to a dealership for a car lease

2016 Lincoln Navigator Courtesy: lincoln

One has decided to lease a new car. What happens next? Where to go? What needs to be done to make the process go as efficiently as possible?

Coming from experience my personal opinion is not to go straight to a dealership for a car. Go to your local leasing company or broker for the car. Leasing companies have the contacts to make the process of getting a car lease easier and less costly for the customer.

Dealerships often advertise on TV, publications, Radio, etc. with low price leases which may sound extremely convincing. But, often there are many hidden fees, which is only noticed once the fine print is read. But they

The value of Third Party Banks

2016 Lexus GSF Courtesy: aolcdn

When leasing a car there are many things that can get in the way, and can make the process more costly. Some may not know that it’s more expensive, that’s because they are unaware of the fact that money can be saved here.

This paragraph may seem out of place, but please bear with me, it’ll make it easier to understand the next paragraph. When leasing a car, who does the car actually belong to? It belongs to a bank. The bank buys the car from the dealership and the customer pays the monthly payment to the bank. Each car manufacturer has their specific bank/banks that they are affiliated with that they use for auto leases.

Why Lease? Part 2

_{Continuation from the Why Lease? Part 1}

2016 Infiniti QX60 Courtesy: 2017releasedates

My opinion with getting cars is as follows. For your first car, buy a used one. Don’t spend too much, but don’t be cheap about it either. The first car is when you learn how to care for a car, so it should last you a couple of years. Plus, insurance is generally cheaper on a used car.

At this point you’re, past the first car and want to move forward with a better car. Your income has improved since you’ve been in college, and can afford to spend more a car. You’re done with second-hand cars at the moment. The new car feel, breaking into a car, being the first to drive a car, etc. you are craving those feelings.

A decision was made to get a new car. Now the question is either Lease or Finance?

Why Lease? Part 1

2003 Mazda MX-5 Miata Courtesy: Flickr

You’re driving home from work on a random Wednesday night. Vibin to some country tunes, in your 2003 Mazda MX-5 Miata. It’s got some amazing features for a 2003 car. You purchased it about six years ago just as you were finishing college. You had some money saved up and dad helped out with the rest.

A month after getting the car you starting having second thoughts, thinking you may have spent a little too much on it. As time went on your thoughts were proved wrong. After five years, you know that got way more than your money’s worth. The looks that you got, the memories, those long relaxing drives, etc. You love everything about the car, even those days that you spent at the mechanic fixing up some minor things to keep it in shape.