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Smart Car Leasing for Beginners

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Smart Car Leasing for Beginners

Leasing a car is different from buying...you don't "own" the vehicle

There are some things one should know before leasing a car for the first time. Here are some tips about smart car leasing for beginners.

First of all to lease a car you usually need a low down payment. This usually does not exceed $2,000. Second, you need to remember that the deals you see on TV might not be the payment you will be paying.

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For example, if you see a car special for $149 a month with $1400 down at signing, do not expect to go into the dealership with only $1400 and drive home with a new car. You have to keep in mind the tax and registration fees for the vehicle. Also remember that phrase "on approved credit" or "OAC", which means that your credit may not qualify you for that advertised special.

Another of our tips for smart car leasing for beginners: Make sure you know exactly what you need to have before going to the dealership. Making a call or researching it online is the best two ways to go.

Lastly remember that by leasing a car you do not have ownership of the car, and you will need to turn it in at the end of the term. Leasing terms are usually 24 or 36 months, so if you want a new car for a short period of time then leasing is the way to go.

Some advantages of car leasing are that you will always have a new car for a low monthly payment. Another advantage is that you will have no obligation at the end of the leasing term to keep the car. It is like renting an apartment.

Make sure that you test drive the car before signing any papers, this is a commitment and it is usually very hard to get out of a lease. You want to be happy with the car you will be driving for the next couple of years.

By keeping in mind our advice for smart car leasing for beginners your auto leasing experience should be enjoyable.

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