5 Fundamental Car leasing mistakes to avoid

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5 Fundamental Car leasing mistakes to avoid
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Introduction

• Leasing a car is one of the best ways to drive a
  new car without purchasing it outright. When you
  lease a car, you finance the vehicle for a
  certain period of time. Once the lease is up, you
  hand over the keys to the dealer.
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• However, if you are not careful, you could end up
  making a few mistakes that can cost you more than
  a brand new car. Let's take a look at these in
  details.

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Leasinga Car for a Long Period

• Usually, leases extend for a two or three year
  period. Leasing the car for longer than that only
  increases the risk of paying for the extended
  warranty and repairs and maintenance that it
  might require.
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• If you intend to keep the car for a long time, it
  is wise to purchase it instead of leasing.

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NOT NEGOTIATING THE PRICE

• It is always recommended to get the best possible
  deal while leasing a car. Ensure that you
  research the current value of the car before
  signing the lease. The lower you negotiate the
  price, the lower will be the depreciation cost.
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• Avoid paying a large sum of money upfront since
  this amount may not be refunded if the car is
  stolen or wrecked in the first few months of the
  lease.

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Not Comparing Prices

• It is essential to compare the prices of the
  various lease deals before settling for
• one. While doing this, ensure that you focus on
  the entire cost that you will incur. These could
  include taxes, fees, other additional costs and
  so on.

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IMPROPER MAINTENANCE OF THE CAR

• If your leased car gets damaged beyond the
  normal-usage wear, you could be charged for the
  repair costs when you return the car. It is
  always recommended to keep your leased car
  adequately maintained to ensure that no penalty
  is charged. Acquaint
• yourself with the lease-end conditions for the
  car before signing.

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NOT HAVING AN IDEA OF THE MILES YOU WILL DRIVE

• Leasing contracts specify the number of miles you
  can drive in a year. Usually, a maximum of 15,000
  miles is permissible. In case you exceed this
  limit, you will be charged for every extra mile
  you have driven.

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FINAL WORD

• In case you wish to transfer the private car
  registration, you would need to check with the
  leasing company before doing so. That being said,
  do not rush into leasing a car. Take a closer
  look at the numbers, the fine print and the
  conditions that you need to keep in mind. Only
  settle for the deal that best suits your
  requirement.

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Created By

• www.premier-plates.co.uk