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Factors to be considered in Car Leasing
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Posted On :
Aug-15-2011
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Article Word Count :
531
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The most viable option to get a vehicle is thru car lease. You could have the models you want even without sufficient money to purchase it in car leasing.
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Nowadays, the most viable option to get a vehicle is thru car lease. In car leasing you could have the models you want even without sufficient money to purchase it. You are only entitled to pay for the leased period of time. Moreover, you could choose from a wide range of models.
Upon seeing attractive advertisements which offer affordable monthly dues on car leasing, some consumers find it more convenient than getting your own car. To be sure that you are enjoying the benefits and privileges of getting a car lease, take a look at the following guidelines.
Get a Car with Lower Depreciation Value
Car leasing is the usage of a vehicle for a fixed period of time. The person who will be using the car needs to pay car lease price. This price may vary depending on the depreciation value of the leased car. We just need to know the original price of the car and the estimated value of it after the end of leasing. Depreciation is equivalent to the original price less the value of the car after the leased time. Typically, the car would have a lower value after the leased time. In general, the lower the depreciation value, the lower the car lease price. Different car leasing companies provide attractive payment terms for consumers who prefer vehicles that have minimal depreciation value. Most of the vehicles with lower depreciation value are those coming from Europe and Japan and are mostly considered as luxury vehicles.
Have a Shorter Leasing Period
Once you acquire a vehicle from a car lease, it is automatically entitled for a warranty. If you will be leasing a car for a longer period of time, the vehicle's value gradually decreases. Hence, at the end of the leased period, the car's value is much lower. But if you decided to lease it for a shorter period, the warranty could be used on its optimum level.
Check for the Company's Affiliation
Some leasing companies may be connected with car dealers. These companies will have a higher leasing price since they usually provide subsidy to well known car manufacturer. Try choosing a leasing company which has no direct affiliation with the car manufacturer for they offer lower monthly payments.
Understand the Terms and Conditions of the Contract
The instant you decided to enter in a car lease procedure, a contract between the consumer and the car leasing company will be signed. Your obligation as a consumer is to pay your monthly dues regularly which consist of the car lease amount, insurance, taxes and to keep the car until the period specified in the contract. As the new lessee of the car, it is your responsibility to maintain it and take good care of it. More often, the leasing period is between 24 to 48 months or 1 to 2 years. Once the leasing period lapsed, it is the duty of the consumer to surrender the car to the leasing company and provide necessary payment if there had been any damage above the agreed limits.
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Article Source :
http://www.articleseen.com/Article_Factors to be considered in Car Leasing_73713.aspx
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Author Resource :
Now you know how to choose the best car company that suits your needs (in Danish the term is firmabil. )
More information about car leasing tips you can find here .
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Keywords :
Car Leasing, Car Lease Option, Car Leasing Company ,
Category :
Travel and Leisure
:
Vehicles
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