Leasing a car allows you to drive the vehicle of your dreams without having to incur the actual cost. We have compiled a list of the best car lease deals on vehicles in 2019 to ease the process of finding a lease that gives you value for your money. Read on to find out more.
Why take a car lease?
It might be difficult to decide whether to lease or buy a car as each option has its own set of advantages and drawbacks. Some of the reasons as to why you should consider taking a lease include;
When you lease out a car, you’ll be able to drive the car that you want without owning it. This is very helpful when the car is expensive. You also don’t have to incur the costs associated with buying a car such as customs duty, shipment charges and other taxes
If you take on a lease for a few months, you’ll not be responsible for taking the car for regular maintenance and servicing. However, this doesn’t apply if you lease the vehicle for more than a year because you will have to follow the pre-set maintenance schedule.
Cheapest Lease Deals
Leasing cars has enabled many people to upgrade the vehicles they drive without having to drain their saving accounts. This is because there a number of lease deals available from different dealerships that have flexible and cheap monthly payments. These cheap lease deals include;
2017 Fiat 500E
Whoever said that you have to break your bank account so as to drive an electric car was wrong as you can lease Fiat’s 2017 model at a fee of $ 2.30 per day after making a deposit of $2,500. Leasing this vehicle has been considered the cheapest option especially if you make use of the free renewable sources of power.
If you are traveling with a lot of luggage, you should consider leasing the 2017 model of Mazda. This is because the car has made a name for itself in the market for having lowly-priced monthly contributions and also because you can get extra trunk space when you pay an extra $20.
2016 Dodge Charger SXT AWD
This all-wheel drive is preferred mostly by people who want to travel upcountry where the weather is unpredictable. It has made it to our list of cheapest lease deals because you can bargain with your dealership and pay $149 every month to drive this 3.6-liter machine.
Chevrolet Cruze Hatchback
Have you always wanted to drive a Chevrolet and enjoy the comfort and stability of this vehicle? The good news is that for only $175 per month, you can lease the 2017 model which is equipped with a turbo engine for more power and enhanced cargo space for all your traveling needs.
How do I Get the Best Car Lease Deal?
Getting the best lease deal is an uphill task as you have to do extensive research on the vehicle model that you want to drive and the total cost of the lease. We have compiled a number of steps that you should follow so as to get the best lease deal.
Picking your Model
The first step involves deciding on the type and model of car that you want to make a lease deal for. It’s recommended that you do an in-depth analysis of the prevailing rates in the market for different models to ensure that you work within your budget.
Once you’ve narrowed down your options to one or two vehicles that you want to lease, take each of them for a test drive. Pay keen attention to the comfort, visibility and performance of the vehicles and take as much time as you need before making a decision.
The amount of money to be paid as monthly payments are determined by the total value of the vehicle. This is why it is important to compare prices from different dealerships before picking the car model that you will lease.
Paying the Lease
It’s expected that after negotiating the price of the car and signing the lease papers, you will make a down payment for the car. The first deposit is usually a percentage of the total cost of the car and it determines the amount you will pay in monthly installments. This is why it is recommended that you make a large initial deposit to reduce the burden of the monthly payments. You should ensure that you remit the payments on time as any delays will result in you being penalized by the dealership.
Factors to Consider Before Taking a Car Lease
Before you enter into a contractual agreement with the leasing company, it is important to put some factors into consideration to avoid incurring an extra cost. These factors include;
When taking a lease, you will be given a mileage cap that you aren’t supposed to exceed over the duration of the lease. If you are a long-distance traveler, you need to determine if the range given will be adequate for all your travel because exceeding the set mileage will attract penalties at the end of the lease.
Wear and Tear
As much as the car on lease doesn’t belong to you, it is your responsibility to take care of it and ensure that it undergoes minimal tear and wear. At the end of the lease period, the owner of the machine conducts an assessment to determine the extent of the wear and tear. If the car isn’t in a good state, you will be forced to pay for any repairs and painting that needs to be done.
Duration of the Lease
Duration of the lease refers to the number of months that you have agreed on the lease document to have the car under your care. Before taking a lease, it is recommended that you determine the exact time that you will need the car. This is because if you return the car before the lease period has elapsed, you will be penalized. You are also not allowed to extend the lease period without renewing the contract.
What are the best lease deals on SUVs?
It is at that time of the year when many people are looking for SUVs to lease for a road trip with the family. When considering a lease deal on SUVs, it is recommended that you consider the seating capacity, comfort and the cargo space for suitcases and travel bags. There are a number of lease deals that you can choose from that offer competitive rates in the market such as Ford Expedition, Honda HR-V and Hyundai Kona. With just $300, you can get any of these SUVs on lease but this is dependent on your credit score as well as the availability of the vehicles in your region.
After you’ve chosen the car model and made the first payment ask the dealership to deliver the car to your premises. So, that you don’t have to wait around for them to finalize on the paperwork. It’s also important for you to take the vehicle for regular servicing so that you aren’t penalized for excessive wear and tear at the end of the lease period.