How To Buy A Used Car

Second, you can renew your fleet every 2 to 4 years depending on your leasing contract. Not to mention that road taxes are usually included in the lease price and as they are brand new vehicles, warranty covers most of the maintenance costs.

Third, as afore mentioned maintenance costs are little to none specially because when you lease you will always have new car in hand and you do not need to worry about it breaking down unless it is a manufacturers problem. In those cases maintenance is also free of charge.

Fourth, no used car hassles, Lease and eliminate the headaches of trying to sell used cars. With leasing you simply return it to the leasing company and choose a new one. Imagine renewing your whole fleet of vehicles by simply ringing your leasing company and scheduling it, no hassles, no time off work hopping from dealer to dealer after the best deals.

As you can see there are countless benefits that make car leasing better than buying from a business standpoint. A recent study revealed that 20% to 25% of all new cars, trucks, SUVs, and vans are leased. In the premium segment numbers are even higher, approximately 75% of luxury cars purchased in the UK are leased.

Determining the lease price of a car

To determine the lease price of a given car, a series of factors are to be considered. First we have the initial purchase price, it is brand new, millage and condition are disregarded, if it is a used car these three factors are brought into the equation.

But the two most important factors that will influence your monthly payments are residual value and depreciation. Residual value is an estimate of the value a given vehicle will have when it reaches the end of the lease.

As afore mentioned depreciation has a great influence in the final price of your monthly payments. In short, it refers to the reduction in the car's value caused by age. Brand and model are closely related to depreciation, as some brand depreciate less than others.

Reason why I recommend German cars is their depreciation factor is way better than other brands like some Asian brands like KIA and Hyundai. For instance, you can lease an Audi for less than ??240 a month, way less than what you will pay a loan on the same car.

You may think the possibility of having a 1 year car lease is something that is far fetched and can't happen, but the truth is that you can. Why sign up for five to eight years of leasing a car when you can get a car lease online that allows you to lease for one year and then leave the car with who you leased it from? The great thing about vehicle leases on the internet is that there is much greater competition there and that greater competition means better savings for you. When someone does lease cars online, they are leasing to a wider customer base and that allows them to have lower prices for you.

When you lease a car for a year, there are some terms that you may have to agree to. For example, you may pay a higher interest rate due to the low amount of time in the lease. How To Buy A Car From A To Z, How to Buy a Car - Useful Advice and Tips on Car Buying, How To Buy A Used Car