How to get the best car lease deals

Car lease deals can often be the best way to finance your next new car, but how can you make sure you’re getting the best deals the market has to offer? People looking for a lease should be aware of the pros and cons and the good and bad deals.

With any finance company, the best way to get a good car lease is to know what you’re looking for and how much you can afford. Anyone offering financing typically expects some kind of deposit, which is traditionally 10 percent, but you can get better rates if you can put more money up front.

You could also try to defer part of the payment until the end of the agreement; Some lenders may offer favorable terms in these cases. Also check your cancellation rights; if you end the agreement early, there could be additional costs.

Dealers may also offer you a better rate based on how long you drive the car, shorter-term options, or lower-than-average mileage can give you cheaper monthly payments. Proving your reliability as a driver could also work in your favor, as once the deal is up, the dealer will be looking to sell the car and want it returned to you in original condition as much as possible.

Research the competition online and see what other dealers are offering, by getting a good idea of ​​the APR (Annual Percentage Rate) you can ensure that you are offered the best car lease deal. Always be prepared to haggle, if you can’t get the price down, see what extras can be included, for example, free service for a certain number of years, accessories like floor mats and seat covers, or a full tank of fuel.