Tag Archives: Auto Leasing

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

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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

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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 →