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Best
Car Prices? Get a Car Quote.
Regardless of how you finance your new auto
lease or loan price is the most important
factor. But haggling over prices with dealers
can be stressful and most people hate it. LeaseGuide.com
recommends the following online pricing services
who have already worked out good prices with dealers
in your area. Just specify the vehicle you want
and they'll get you a fast, free car quote,
no strings attached. InvoiceDealers
is our top recommendation because
it's consistently rated #1
but don't stop there. Also get prices from
Edmunds ,
CarsDirect
,
Yahoo! Autos ,
and Automotive.com
. Compare all the deals,
and pick the best one.
See
our article, Car
Price Secrets - What Dealers Don't Explain
for more details – learn how dealer car
pricing really works.
Canadians
have limited options for Canadian car price quotes.
The best source is CarCostCanada
.
Top
10 Lease Cars From Yahoo! Autos
Be
sure to ask for free dealer price quotes —
2008
Honda Accord, 2008
Toyota Corolla, 2008
Chevrolet Malibu, 2008
Toyota Camry, 2008
BMW 5-Series, 2008
Mercedes C-Class, 2008
Honda Odyssey, 2008
Mercedes E-Class, 2008
Chevrolet Corvette, 2008
Land Rover LR2
What
is the Lease Kit?
We frequently and proudly mention our popular
Lease Kit. When you want to go
beyond simply understanding how leasing works
and are ready to actually get into (or out of)
a lease, then that's where the Lease Kit
comes in. It contains online tools, evaluation
calculators, worksheets, checklists, vehicle ratings,
dealer margins, residual data, and reference guides
that you need to put yourself in control of any
real leasing deal. Update: Also works great on
your Apple iPhone and iPod
Touch with WiFi Internet connection.
Where is more detailed information about the Lease
Kit?
What are current users
saying about the Lease Kit ?
How to get the Lease
Kit ?
LeaseGuide.com Celebrates 10th Anniversary
LeaseGuide.com has been serving automotive consumers
in the U.S. and Canada for over 10 years. In that
time, we have grown to become the #1 car leasing
information and advice site on the Internet, thanks
to our millions of loyal visitors. Our Lease Kit
has been purchased by many thousands of satisfied
customers who have used it to confidently lease
their personal and family automobiles. Thank you
to our visitors and "fans." We hope
to be around for at least another 10 years. Happy
car leasing.
To
Lease or to Buy? That is the Question
Almost
everyone who has thought of car leasing wants
to know if they would be better to lease or to
buy. The fact is that one way will nearly
always be significantly better than the
other in any particular situation. Therefore,
it is important that you understand both methods
and how to determine which is best for your own
situation. Our article, Lease
vs Buy, is your starting point.
New
Cars Without a Dealer with CarsDirect
If
you wanted someone to help you find the car you
like, get you the best "out-the-door"
price, arrange financing for you, and handle the
paperwork — all without visiting
or talking to a dealer — you would
be describing one of our top recommended
online car buying services, CarsDirect.com
.
We like them. They have a great reputation and
have helped thousands of people buy and lease
new cars.
Download
the Lease Guide
Many
of our visitors have asked for a version of our
complete 15-chapter Lease Guide in a
downloadable book format that they can easily
read anytime on their computer or print it for
convenient off-line reading. It's available now.
The Lease Guide can be accessed on your
Apple iPhone and Apple
iPod Touch (with WiFi connection) as
well. Click here
for more details.
Lease
Calculators — Calculate Lease Payments
Use
our full-function Car
Lease Calculator to quickly find
your monthly car lease payment and total leasing
costs
Just be aware that simply knowing a lease
payment doesn't tell you if it is a good deal
or not. Only the Lease Evaluator
in our Lease Kit
can do that. Lease Calculator
for Apple iPhone and iPod Touch.
Auto
Loan Calculator — It's Different
We realize many of our visitors choose to finance
with a loan, or want to compare loan payments
to lease payments. We've created a new and unique
Auto Loan Calculator that
is about as thorough as it gets when calculating
car payments. Those who like our lease calculator
will like this one too.
How
Much Car Can You Afford to Lease ?
Leasing allows you to drive
a more expensive vehicle, but don't lease more
car than you can handle. A useful new "compare
by payment" feature by LeaseCompare
allows you to specify the monthly lease payment
you can afford and shows you all the vehicle makes
and models that fall within your budget. If you
like one of the deals, they handle all the details.
This is a great alternative to dealer shopping.
Independent
Lease Companies Offer Alternatives
Independent
lease companies who are not associated with car
manufacturers can often get you a better deal
on on your lease, especially if you have good
credit, want flexible terms, and are looking at
higher-end vehicles. Independents now offer better
deals on hybrid vehicles than "captive"
finance companies. See our article, Advantages
of Independent Lease Companies,
Car
Lease Ads - What's the Story? Good Deals or Not?
You've
seen those attractive car lease advertisements
in the newspaper and on TV. They advertise low
monthly payments and imply that these are "special"
deals. Are they special? Are
the payments really good deals or not? What
does the fine print mean? What are they not telling
you? Is there a catch? See our revealing article,
Understanding
Car Lease Ads, and learn how to evaluate
such deals.
What's
a Good Lease Deal? How do You Know?
Even
though the payments may seem very low on the lease
deal you're considering, much lower than buying
with a loan, how do you know if it's actually
a good deal? Are your payments higher than average?
The Lease Evaluator in our Car
Lease Kit can tell you instantly. It enables
you to specify a vehicle make/model and then see
the best-case, and worst-case, monthly lease payment
for that vehicle. See this
article for some real examples.
Your
Credit Score Makes a Big Difference
When
you lease or buy a car, the dealer and his finance
company check your FICO
credit score
from one or more of the three national credit
reporting companies Equifax
,
Experian, and
TransUnion. Your score determines what
interest rate (lease money factor) you'll pay,
or if you'll be approved at all. Each reporting
company can have a different score for you —
you need to know them all. Scores above 700 get
you the best rates. Below about 640, you're in
trouble.Your score also affects your car insurance
rates, your ability to get a mortgage, or even
your ability to get a job.
Credit history reports are now free to
most consumers in the U.S., but credit scores
are not. For more details, see Your
Credit Score - Know It and Understand It.
What
Dealers Don't Tell About Car Prices
Dealers prefer to keep customers in the dark about
how car prices work. This way,
there's more opportunity to extract maximum profit.
It's a fact that dealers sell the same vehicle
make/model to different customers at widely different
prices, depending on how well the customers understand
pricing. For more, see our informative article,
Dealer
Car Price Secrets.
Car
Lease Residual Values
Residual value
is one of the most important
factors in car leasing, yet it is the
factor that is least understood by leasing consumers.
Why is residual value important? How are residuals
determined? Who sets residual values? Are they
negotiable? Find out by reading our article, Car
Lease Residual Values.
Got
a GPS Navigation System for Your Car? Why
Not?
Those who have never used a car GPS wonder why
they would ever need one. Those who have, wonder
how they ever did without one. Read this article
about GPS
Navigation Systems and decide if
you can do without one or not. Also see our Auto
Electronics section. Explore new
audio, video, satellite radio, gadgets, and electronics
for your car.
Lease
a Luxury Car for Less
Luxury cars have higher lease-end residual values
than most other cars, making them the most-leased
category of all vehicles - 70% are leased. It's
possible to lease a luxury car for less money
than a similarly priced ordinary car. Find out
how and why in our article, Luxury
Car Leasing Explained.
Get
Out of Your Lease Early
Have someone else take over your lease
is a good way to do it. It's the easiest
and the lowest cost method (no penalty fees).
There are a few specialized companies who will
list your car, find a "buyer", and take
care of the details for you — for a small
fee. We especially like Swapalease ,
the long-time respected leader in online car lease
transfers. Another online lease
company we like is
PriceaLease
As easy as this method might
seem, it doesn't work for everyone.
The Lease Termination Guide in our
Lease Kit explains all your other options.
Do
Your Research Before You Lease
Don't
get your car information from a dealer salesperson.
You should know as much as possible about
your prospective car before you ever
set foot in a dealer showroom. Here are convenient
links to information and pricing, and dealer discounted
price quotes, for each vehicle:
Don't
Be a "Payment Buyer" When You Lease
or Buy
Dealers
love "payment buyers." These are customers
who only look at monthly payment amounts when
they buy or lease. Unfortunately, this isn't a
good way to shop, especially when you lease. You
can be offered what appears to be a great deal
and find out that you significantly overpaid.
Read our Payment
Buyer article to see some real
examples and learn more.
Looking
for a Ford? Go Direct
FordDirect
enables you to custom-build your Ford vehicle,
search local dealers' inventories for that vehicle,
get their best price — and finance
the deal. This sure takes a lot of the pain and
legwork out of leasing and buying as long
as you want a Ford. Just
make sure you compare Ford's prices with prices
for the same vehicle from InvoiceDealers,
Edmunds ,
and CarsDirect
who also have pre-arranged prices at Ford dealers.
Free
Cars! Really?
Yes
and no. Of course, nothing is really free,
but there are companies who will pay you
to drive your own car, or provide you
a free car to drive. Real people
are participating in these real programs. What's
the catch? Read our article, Free
Cars - Fact or Fiction?, to learn
more.
Car
Dealers Boost Interest Rates for Profit
Did you know that car dealers routinely "bump"
interest rates on loans and leases for
extra profit? It's called "dealer reserve."
For leases in particular, it is important to understand
how interest rates affect lease cost and how to
convert lease "money factor" to interest
rate. See our article,
How Car Financing Really Works,
for details.
Read
Your Lease Contract - Please !
We remind you over and over again here at LeaseGuide.com
to read and understand your lease contract before
you sign. There are just too many ways to make
mistakes, or not catch dealer mistakes. Unfortunately,
taking 20 minutes to really read
and really understand a long complex
contract in a dealer's office when you're anxious
to get the process over with is almost impossible.
That's why we've provided a Sample
Lease Contract and a Contract
Checklist that is now part of our
Lease Kit.
Short-Term
Lease - No Money Down
It's possible to lease a practically
new car, with no money down, for a short
term, by simply taking over the payments from
someone who wants out of their lease early. Real
bargains are available since "sellers"
are often desperate. We
recently examined a list of lease-takeover vehicles
at Swapalease
and PriceaLease
and found some outstanding transfer deals
many late model vehicles for under $200 a month!
Luxury cars for less than $400! For more, read
our article,
Short Term Leasing.
Does
Car Make/Model Make a Difference When Leasing?
You bet it does. Vehicles that have the highest
lease-end residual values (future resale value)
make the best lease vehicles. For example, when
we look at a typical 36 month lease for both a
Honda Accord and a Ford Taurus, each priced at
$22,000, no money down, the monthly payment for
the Honda is only $348, but the Taurus payment
is $430 — $82 more a month — almost
$3000 more over the life of the lease. Our Car
Lease Kit includes a comparison
of all vehicle makes and models. According
to the Lease Kit, the best lease
vehicle makes are Acura, BMW, Honda, Infiniti,
Lexus, Mercedes, Mini, Nissan, and Toyota.
In
a Long-Term Loan or Lease? You May Need an Extended
Warranty
If you
have a loan or lease for a term that is longer
than the car manufacturer's general bumper-to-bumper
warranty (not the drive-train warranty), you will
be responsible for all repairs after the warranty
expires. You can protect yourself
by getting an extended warranty. The earlier you
buy, the less it costs. For more details, see
our article, Car
Warranty Advisor.
| “
Just wanted to let you know that I got another
great deal on a lease thanks to your website.
I got a 2009 Dodge Journey, for $266.26 for
36 months and 36000 miles.” |
About
to Lease? Already
Leased? How Good was Your Deal?
So
you're about to sign or have already signed your
lease contract. Did you get a good deal? What
interest rate did you actually pay (you won't
find it in your contract)? How much was your bank
fee ( not shown in most contracts)? What does
that mumbo-jumbo in your contract really mean?
The Car Lease Kit
contains a fully-explained lease contract
form and contract checklist, and a special
Lease Inspector calculator that
will completely analyze all figures in
your lease deal and tell you where you
did well, or not so well — and whether there
were mistakes in the dealer's calculations.
Leasing
and Car Insurance
Did
you know that leasing may require a higher level
of insurance coverage than you are carrying now?
It's true, and it catches many people off guard.
But it's easily possible to reduce your
rates for more coverage so that it doesn't
become an added cost. This makes understanding
insurance even more important than ever when leasing.
See our articles,
Car Insurance and Leasing and Cheap
Car Insurance, for more details.
Dealer Leasing Tricks
Learn about the most common ways that car dealers
can mislead customers about leasing. These are
techniques that may be new to many automotive
consumers who have never leased before. The dealer
gets his deal, but you may be left holding
the bag. Download our free ebook, "Dealer
Leasing Tricks".
Does
Your Lease End
Soon? Be Careful.
One of our readers told us that she really disliked
her leased sedan and so, at the end of her lease,
she simply returned it to the lease company and
walked away. What's the problem? She found out
later that she could have bought the vehicle from
the lease company for her contract lease-end purchase
price, which was less than market value, and could
have sold it for a $6000 profit. ——
The point is this: it's very important to examine
ALL your lease-end options before you make a rush
decision. See our Lease-End
Considerations page for more details.
Best Cars for Teenagers
In
our article, Best
Cars for Teens, we discuss how to
select the right cars for young drivers. But,
is leasing right for teen drivers who haven't
yet established credit histories? How about long-term
loans? How about auto insurance for teenage first-time
drivers? Also look at the First
Car Guide web site.
Best
Gas Mileage Cars
If you are tired of paying high gas prices and
need a more fuel-efficient car, we tell you which
vehicles — cars and smaller SUVs —
get the best mileages. See our informative article,
Best Gas Saving Cars.
Lease
Buyout - Good Deal or Not?
Most new car leases allow you to purchase —
buyout — your
vehicle at lease-end, for a price specified in
your lease contract. Is a buyout always a smart
choice? Is the price a fair price? Is it negotiable?
How do you go about it? How about an early buyout?
See our article, Lease
Buyout .
Looking
for a Cheap Car — Extra Money for a Car?
We frequently get emails asking about the least
expensive way to get into a car. Leasing is obviously
one of the ways, but we explain a number of other
ways in our article, Cheap
Cars - Where to Find Them. ——
Rather than a cheap car, you might be simply looking
for a way to make extra money
to pay for the car you want. If so, you may find
our Extra
Money for a New Car article of interest.
Find
Auction Cars for $200. Is It Really Possible?
Ever
wonder about those government surplus and seized
auto auctions where it's claimed you can find
bargain cars for as little as $200? Yes, it is
possible — it happens every day
— but there's more you need to know before
you jump into it. Learn how it all works in our
article,
Car Auctions.
Used-Car
Leasing. Smart Move or Not?
Leasing a used car can often
make good sense, especially if it's a vehicle
that is relatively new and holds its resale value
well. Great deals can be had on a used
car lease but make sure you understand
how it works. It's not quite the same as a new-car
lease. See our article, Used
Car Leasing, for more details. Also
visit our Used
Car Advisor web site to learn how
not to get ripped off.
Sell
Your Used Car - Don't Trade
It's common knowledge that you'll not only get
more money by selling your old car before you
buy or lease a new car, but you'll also give the
dealer less opportunity to juggle the numbers
in your new car deal. However, be sure you know
how to sell your used car to maximize your return.
See our article, Sell
Your Used Car, before you decide.
Why
is CarsDirect.com Different?
CarsDirect.com is a popular and well respected
online car buying service that is different that
other companies of its type. Find out how and
why - Online
Car Leasing with CarsDirect.
Damaged
Cars
Unusual national weather events have created what
has become a wave of affected cars, trucks, and
other vehicles for sale — possibly with
hidden damages. One way, it can be a potential
problem for unaware buyers — the other way
can present some incredible buying opportunities.
Read our articles, Damaged,
Flooded, and Salvaged Cars and
Insurance
Salvage Auctions for more details.
Wrecked
and rebuildable cars are another
opportunity for those looking for ways to take
some risks and get bargain cars.
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