Category Archives: Auto Leasing

Lease a new car for less: Takeover an auto lease

Posted on by
2
nissan350z

Regardless of what dealer or leasing company you go through there is a cost to leasing a new vehicle. You have to pay a down payment, taxes, finance fees and the list goes on. Even after all of those fees you’ll be locked into a lease that is usually at least 24 months if not more.

However there are ways of leasing a vehicle for a short term, with no down payment or hefty up front fees.

You can take over someone else’s lease!

That’s right, there are people all over the country that are stuck in a lease that they can no longer afford or want to get out of. These people want to get rid of the monthly payments that are holding them down, and they can do so by signing over their lease to you!

You might have seen lease takeovers in the classifieds or on websites like craigslist.org, but there are a few great websites that can connect you with a large list of lease owners who would like to get out of their lease.

One such site is called LeaseTrader.com.

Lease Trader handles all of the hard parts of finding a lease to takeover. You can browse vehicles by make, model or category and find the right fit.

So how do you get started finding a lease?

It’s pretty easy actually:

  • Go to LeaseTrader.com
  • Register for a free account
  • Sign up for their buyers program
  • Find a vehicle you’re interested in
  • Contact the seller
  • Transfer the lease

But there’s gotta be a cost to all of this right?

There are a few costs that you need to be aware of when going into this process.

First up, you’ll need to pay LeaseTrader.com a nominal fee to join their “buyers program”. Compared to other lease trading sites out there, LeaseTrader.com doesn’t charge much (under 50 bucks). Next, you’ll need to pay a fee for the transfer of the lease. This is a one time $150 payment that gets all of the paperwork moving. Then you have your normal registration fee with the DMV and any bank transfer fees that are applicable… That’s it!

So for about $250-$400 you can get setup with an almost new car, no downpayment, and a limited term lease.

To find out more or to sign up with Lease Trader, Click Here.

Hybrid Cars: The Pros and Cons

Posted on by
Reply
civic

When looking at any invention, method plan, or anything for that matter—it’s imperative to weigh the pros and the cons. When it comes to hybrid cars, it is of course no different. If you ask the companies who manufacture these products, they certainly emphasize the pros, making their product seem like a divine invention you cannot be without. In this article I will separate fact from fiction, benefit from drawback—and show you the whole scale picture of what it means to own a hybrid.

For starters, what exactly is a hybrid car?

Essentially, it is nothing but a fuel efficient automobile with dual motors, an electric motor and a gasoline powered alternative. It also sports a specially engineered system that captures brake energy and transfers it towards the battery to keep it charged at all times.

So why go hybrid?

It’s a combination of two vehicular concepts, so why not go to one of the two? Why not drive a purely gasoline or electric powered car? If you think about it through principle, having two motors makes your system more vulnerable to a breakdown. The same concept exists in any other sort of transportation vehicle—the more motors or engines, the less reliable they can collectively be. Continue reading →

In Focus: How the Residual Value of a Car Affects Your Lease

Posted on by
2
groupocars

How the residual value of a car effects your lease is dependent on many different factors. Car leasing is a booming industry that affects many Americans nowadays due to the hard economy. Being aware of residual lease values among other things relating to your car lease is important in getting you the best deal you can possibly get!

Unfortunately, not many people are prudent enough to research on these kinds of things and end up with less than good car lease deals.

If you already have or are planning on getting a car lease, then it is important to know how the residual value of a car affects your lease.

A car lease residual value is one of the most important, if not the most important factor in leasing a car.

But what are residual values?

In simple terms, it is the estimated value of your leased car vehicle at the end of the lease period. Continue reading →

Car Dealer Scams – Car Leasing

Posted on by
Reply
audi

Lots of people agree that car leasing is the more attractive option when you need to get a new car… but are they wrong?

There are certainly advantages to car leasing – but only if you don’t get sucked into a car dealer scam in the process… and the truth is: a lot of people get a crummy deal.

Leasing regulation does not require as much disclosure as buying a vehicle. This has opened the door for a lot of shady car dealers to work on your pocketbook and take you for all that you’ve got.

Take a good look at the common car leasing scams and make sure you protect yourself.

Ridiculously low interest rates:

Some dealers quote a lower interest rate than what you’ll actually be paying. They do this by either purposefully quoting the “money factor” as the interest rate or calculating the loan without amortizing some closing fees, like the security deposit, into the loan lease. Continue reading →