#lease a car
Find the Quick and Easy Way to Lease a Car!
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Learning how to lease a car is a skill and requires a lot of careful consideration. We can help you find the best lease deal for the type of car you want so you can walk away with a truly affordable car lease.
First step is to study, and review every detail that is written or indicated in the lease agreement. Are you bewildered by the wide variety of terminologies that show confusing amounts? Fret not…
Leasing a New Car: Understanding Your Car Lease
Here are the most important things that you need to understand before choosing a car lease:
- Capitalized cost – the capitalized cost is simply the lease price of the car. This amount is based on the estimated residual value over the term of the lease. This figure will vary according to the type of car you want to buy. The capitalized cost is negotiable.
- Cap Cost Reduction – simply said, the cap cost reduction is the down payment. The amount will vary but most lease deals require, at least, one or two month’s worth of lease payments for the down payment.
- Interest rate – the interest rate or APR is the amount of interest that is charged over the life of the lease. If you have a good credit score then you stand a chance of getting the lowest rates on the market.
- Lease term – the lease term is the duration of the lease contract, usually 24 to 36 months. Take note that some lease offers may extend up to 60 or more months.
It only takes a couple of minutes for you to request a free, no obligation online new car lease quote. This alone will ensure that you get an extensive list of car dealers that offer the lowest lease prices on the market. Simply compare the rates and choose the right lease deal for you.
Apply for a FREE, No-Obligation New Car Quote through our USA Network of Certified Dealerships today!