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What Lease Calculator Do I Need? Lease Calculator Guide LeaseGuide.com offers a variety of unique calculators that are designed for the specific needs of car leasing consumers. This is a guide to help determine which calculator is best for your particular need. Lease Payment Calculator – Determines monthly car lease payment and total lease cost, including taxes, when all the important figures, such as money factor and residual value,  are known Lease Deal Calculator – Rates … Read More

A Simple Tool to Help You Escape a Car Accident Car accidents happen. They happen every day to hundreds of drivers. Some are minor; others are more serious and complicated. The most important thing to do when a car accident happens is to exit the vehicle, if possible, and get help. Getting out of a damaged vehicle quickly can be a challenge. Doors can be jammed and access to seatbelt releases can be restricted. You’ll … Read More

Determining whether your car lease deal is good or bad involves evaluating several key factors to ensure that it aligns with your budget and needs. Here are the steps to help you assess the quality of your car lease deal: 1. **Understand the Terms of the Lease:** – Carefully review the lease agreement to understand the terms, including the lease duration, monthly payments, down payment, mileage allowance, and any additional fees or charges. 2. **Calculate … Read More

Finding the best lease deals on new cars requires research, negotiation skills, and careful comparison. Here’s a step-by-step guide to help you find the most attractive lease offers: Determine Your Budget: Before you start shopping for lease deals, establish a realistic budget that includes monthly payments, an estimated down payment, and other associated costs, such as taxes and fees. Research the Market: Start by researching the new car models you’re interested in. Look for vehicles … Read More

Getting out of a car lease early can be a bit tricky and often involves additional costs, but there are several strategies you can consider: Lease Transfer: This is often the most cost-effective method. You can transfer your lease to someone else who will take over the payments. Websites like LeaseTrader or Swapalease specialize in these types of transactions. However, keep in mind that not all leasing companies allow transfers, and even if they do, … Read More

Customer Car Leasing Story A few weeks ago, we received a series of emails from one of our many viewers who told us he wished he had found our LeaseGuide web site before he leased his car. He realized after the fact that he had made a huge mistake in deciding to lease and that he would share his story if we would publish it and possibly help others not make the same mistake. Here’s … Read More

Car leasing offers several conveniences that can make it more attractive than buying a car with a loan for certain individuals and situations. Here are some ways in which car leasing can be more convenient: Lower Initial Costs: Leasing typically requires a lower initial down payment compared to purchasing a car with a loan. This can make leasing more accessible for individuals who may not have a significant amount of cash on hand for a … Read More

Your credit score plays a significant role when buying or leasing a car, as it directly influences the financing terms you’re offered. Here’s how: When Buying a Car: Loan Approval: A good credit score increases your chances of being approved for a car loan. Lenders use your credit score to assess the risk of lending to you. Interest Rates: The higher your credit score, the lower the interest rates you’re likely to receive. Over the … Read More

How Much Will Car Lease Payments Be if I Only Know the Price of the Car? If you’ve read some of the articles here on LeaseGuide.com, you know that car lease payments depend not only on price but on several other factors as well. However, price is the major and most important factor. Clearly, if you know, or can guess, the other factors, you can use our Lease Payment Calculator to determine your monthly lease … Read More

Know How Much Car You can Afford to Lease Knowing how much car you can afford to lease is important if you aren’t familiar with how lease payments are calculated. It also helps during negotiations with a dealer. Let’s say you know that you can afford $400 a month as a lease payment. Will that get you a BMW 6-Series Gran Coupe? If not, what about a nice Buick Regal? Or is it more likely to … Read More

There’s a right way — and a wrong way — to lease a car It’s easy to make mistakes when leasing a car if you don’t know how payments are calculated. You could easily pay much more than someone who is a bit more informed about how leases work. Let’s look at an example Say you are in love with the new Hyundai Sonata and it’s the only car for you. However, you have looked … Read More

Cut Your Car Payment in Half Cars have become an expensive commodity and most people feel they pay more than they are comfortable with. Monthly car payments are a major part of many folks’ financial expenses and are an obvious target for reductions. There are several ways in which car payments can be lowered. Depending on individual situations, some ways can be better and more practical than others. And there can be tradeoffs which factor into … Read More

Whether to Fix or Replace You might have a lot of memories attached to that 1999 Ford Ranger sitting in your driveway, but is it really worth keeping around? Has it seen one too many cross-country trips? Do you find yourself paying for repairs once every two or three months? Is it in need of repairs at this very moment? Like it or not, it may be time to replace that old “nostalgia-mobile” with something … Read More

When deciding whether to lease or buy a car, with the primary objective of having the lowest monthly payment, you should consider the following factors: Length of ownership: Leasing typically requires lower monthly payments, but you will not own the car at the end of the lease period. If you plan to keep the car for a longer period of time, purchasing may be a better option. Maintenance costs: Leasing often includes maintenance costs, whereas … Read More

How to Determine If a Car Lease Deal is Good or Bad Most car lease deals may all seem to be great deals because monthly payments are so low when compared to an auto loan for the same car. However this is not the way to evaluate a lease. All car leases have four primary factors that go into calculating monthly payment: Capitalized cost – selling price of the vehicle plus any other costs, less … Read More

How Does Flipping a Car Lease Work? We typically hear the word “flip” used in conjunction with buying and reselling houses or used cars for a profit. However, leased cars can also be flipped, but in a different way and only under certain circumstances. Let’s explain how you might flip a car lease. When a car lease is initiated, the lease finance company estimates, and we emphasize the word “estimates”, the value of the car … Read More

How to Get The Best New Car Deals – Lease or Buy Having great negotiation skills has always been important in getting good new-car deals. But in the new economy, hard bargaining and negotiating with dealers is less necessary and oftentimes not required at all. It’s not because dealers are getting soft or are any easier to roll over. And it’s not because customers are more savvy than in the past. They are, but these … Read More

Break a Car Lease? End a Lease? Terminate a Lease? Exit a Lease Early? What are the options and least expensive way to end a car lease early? As you may already know, getting out of a car lease is not as easy as getting in. Quitting a lease means backing out of an original agreement that provided for low payments over a specified number of years. Those low payments are made possible only if … Read More

To get the best car leasing deals, you can follow these steps: Determine your budget: Know how much you can afford to spend on a monthly car payment and stick to it. Research different models: Look at different car models that fit within your budget and determine which ones you are interested in. Compare leasing options: Shop around and compare leasing deals from different dealerships and leasing companies to find the best one. Negotiate the … Read More

What is Equity in Car Leasing and How to Know If You Have Any Equity in a car lease (or loan) exists when the value of a vehicle exceeds the amount remaining on its lease or loan. The amount of the difference is called equity. It’s also possible to have negative equity — when a vehicle’s value is less than the amount remaining on its lease or loan. We discuss that case in this article. How … Read More

Best Car Lease Deals If you’ve checked out other articles on this LeaseGuide web site, you would have learned that the best car leases are made by finding or negotiating the best price on which the lease will be based, as well as choosing those vehicles that have the highest future resale values (lease residual value). However, there is a better and easier way. Car manufacturers such as Ford, Honda, Hyundai and most others regularly … Read More

Is it possible to lease a used car? The short answer is no — but yes, maybe. Why not? Beginning in October 2008, finance companies, banks, and independent car leasing companies in the U.S. virtually stopped leasing used cars. Even new-car leasing almost came to a halt. The Great Recession drove most independent car leasing companies out of business, and banks simply got out of the business altogether. Since then, used car leasing has essentially … Read More