By leasing a car, you can avoid paying the expensive upfront deposit. So, if you have a tight budget, leasing car can be a good option. Leasing is a long term car rental agreement that has low monthly repayments. At the end of the contract period, you need to give back the car. Car leasing is very popular in the US. Here are some tips for getting cheap car leasing.
Choose the right type of car
If you are looking for a cheap deal, then go for a normal car, instead of luxury cars like BMW. Your monthly installments will be low in this case. If you lease a BMW, you may not be able to pay the expensive monthly installments. There are many options available for you. You can find something that will be appropriate for your budget. Before leasing the car, make sure whether the price is including or excluding the VAT.
Check for road tax and breakdown coverage
Many leasing companies provide coverage for road tax and breakdown coverage. So, getting a lease from these companies will save you money. Compare different car leasing companies and see which option is best for you.
Servicing and maintenance
Some leasing companies pay for the servicing and maintenance of the car. So, you will only need to pay the monthly installments, insurance, and the fuel cost. This option is better for car maintenance can be expensive.
Dealership vs. online brokers
You should weigh both the options. Get a quote from each and compare. See how much monthly payment you have to make for each deal. Go for the cheaper option.
Car leasing is growing in popularity. The low monthly payments are the main reason for this. If you are on a budget, then it is a good option than buying a car.