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Top Tips for Finding the Best Car Lease

May 8, 2008
These days there are a lot of companies which offer services such as car leasing and car rental, but you still have to be very wary when going to lease a car as there is still a lot of hidden terms when signing a contract not all companies are like this just a few small one. A few tips on how to find the best car leasing company

1. Check the payments section of the contract carefully before signing it make sure it points out how much you will have to pay initially and then how many monthly instalments you will have to pay
2. Check to make sure that there no extra hidden fees e.g late payment fees or admin fees
3. When taking out a contract you usually have only a certain amount of mileage you can do, check to make sure how much the charges are if you pass that mileage, you don't want to be paying major pounds a mile
4. Is there a finance company involved, if there is find out there name and location and maybe give them a call to discuss there part in the contract
5. Make sure you can be able to change your contract at any time, for example say you took out a lease for 100 miles a month and your circumstances changed, it would be better to pay the an additional fee instead of being locked in a contractual agreement of 100 miles and then you have to pay for each mile over that

There is a lot more tips and advice to give on car leasing but the above are most important. If you do not have time on your hands to search through different companies and what they all have to offer there are various comparison sites which perform all the leg work for the best deals and the best companies.

Another tip to keep in mind when looking for the right company is if they offer an option where you can buy the vehicle, preferably an option where they can deduct what you already paid for the lease, just put it this way you don't want to lease a car for 3 years and at the end of it all give it back to them, the best thing I can recommend in this situation is finding a company that will offer this.

Whether you are buying on credit or leasing take the same precautions read the contract if you don't understand it take it to a legal expert because once you have signed, it will be too late.
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