Short intro to lease a Car online and have it delivered
A car lease allows you to get a new car without having to pay lots of cash or even taking a loan. It lets you drive a particular car for a set number of miles or months.
It is comparable to renting a house instead of purchasing a home. A somewhat less long-term commitment is involved here.
The monthly expenditure for leasing a vehicle is usually lower compared to the purchase price of the same car using a car loan.
To apply to lease a car online, you’ll have to make some down payment, usually less than 20 percent of the car’s value, which will be followed by several monthly payments for the duration of your lease.
We discuss few nuggets; lease contract types, when auto lease policy is up, how exactly does car leasing work, common requirements of auto leasing companies, importance of auto lease calculator, and even corporate car leasing?
Leases Car – How auto lease works?
Leasing a vehicle basically involves a three or four year contract hire whereby you make monthly payments that cover the vehicle’s projected depreciation value among other things.
The car dealership analyzes the new car’s value and compares it to its residual value (the car’s value after the expiry of your lease terms) when calculating your monthly payments.
During the duration of your leasehold, you will have to take care good care of the car and follow the recommended service schedule provided by the vehicle’s manufacturer.
Once the lease is up, the car dealer remains with a car the can be resold on the market as a certified pre-owned vehicle or used car. You can as well choose to buy the car yourself.
Please note that some car dealerships allow the test drive of cars before leasing. Some do not. Also note that some dealerships allow trade in of used cars for lease car deposit payment reduction.
To know the dealerships that allow this, visit the contact us page of the dealership nearest to you and give them a call, or send in inquiries via email about trade in deals, auto lease offers or even available lease specials.
How to lease a car online
As mentioned earlier, leasing a vehicle allows you to get considerably lower monthly payments in comparison to the purchase of a new car. One of the best ways of getting the best deals is by leasing a car.
Car leasing is far less complicated in comparison to purchasing a brand new car. However, to obtain the best deal on your vehicle of choice, you should follow the steps below.
Here is a helpful guide to assist you on the best way to lease a car online:
Step one: Conduct research on cars
You could browse through different sites such as MotorTrend and CarAndDriver to get detailed information on different vehicles that might interest you.
These websites will assist you to find the most suitable cars for both your budget and lifestyle. While on these sites, you could view the reviews and ratings and even take a look at the test results for safety, dependability as well as performance ratings.
Step two: Search for car buying services and dealers
After settling on the car that you want to get, use your favorite search engine to browse for auto buying services and dealerships that lease the car you wish to get.
Yes this is certainly one of the best way to lease a car online. You could also take a look at the manufacturer’s official website to get links to different vehicle dealers that have your vehicle of choice available for lease.
You’ll come across numerous auto buying services when doing your search. CarsDirect is one of the top sites that you should not overlook. They will most probably have one of the best purchase price for your desired car.
Step three: Conduct a lease versus purchase calculation
Before actually committing to leasing a vehicle, you should conduct a lease versus purchase calculation.
This will assist you in determining details of the lease contract, monthly payments, overall expenditures together with other cost factors that you ought to take into consideration when determining whether to lease or purchase your vehicle of choice.
Luckily, you do not have to manually conduct these price calculations by yourself. There are several purchase / lease calculators available online. All you have to do is search for them using your preferred search engine.
Step four: Choose a car dealership of purchasing service
After comparing the retail price from different car dealerships and purchasing services, next proceed to choose the service or dealership that offers the best lease specials deal for the vehicle brand and model you wish to get. Generally great discounts are offered for models such as Nissan Sentra, Hyundai Elantra, Volkswagen Passat!
Ensure that the provided quotation includes all accessory auto lease details; optional services like gap insurance or extended warranties that you might be interested in. We advice you do careful lease calculations!
Step five: Apply for a car lease
After settling on one dealership, apply for a lease for your chosen vehicle. If you are making your purchase via an online vehicle purchase service or a new vehicle dealership website, the site will most probably assist you to apply for the lease easily and quickly.
Alternatively, you could search for your own car leasing company. Once again, your favorite search engine will assist you in finding several lenders and banks with great finance deals and lease deals.
Step six: Sign then return the lease documents
Once your lease is approved, the leasing company or bank will expedite the shipping of your lease documents. They often use services such as UPS or FedEx to have them delivered to your home.
You’ll have to sign and return these documents. Most lease companies or lenders normally include a pre-addressed envelope, which simply needs to be taken to the courier to have the documents sent back quickly to the lender or leasing company.
Step seven: Arrange for Insurance
You will need to get car insurance before accepting your vehicle’s delivery. You could choose your preferred insurance company or simply let the car purchasing service or dealership help you with this.
Step eight: Arrange for car transport
Lastly, you will need to arrange for the shipment of your new car to your home. The car purchasing service or dealership will most likely help you with this task and have the cost included in your lease.
You could alternatively browse for other vehicle shipping companies that could perhaps save you a bit of your money. The choice is yours!
Does same term applies to corporate car leasing?
Generally same term applies to corporate car lease as it does with individual leasing policy but may only vary on length of leasing and corporate car leasing company you are dealing with.
What are the main business car lease requirements?
Most corporate car lease companies in USA, do prefer 2-3 years policy with clients.
Also most leasing institution may verify your proof of income or fund such bank statement to be sure you can afford monthly payments.
Auto Leasing – Final Summary!
Leasing, instead of purchasing, can be a great way of driving a new car for less cash per month.
However, before you begin the process to lease a car online, you must do your homework by researching and paying attention to the terms and conditions of your lease to make sure that you are getting the best deal.
This applies to both individual and company lease vehicles policies with all companies! Note that even with a bad credit score, it is still possible to lease a car.
However, a huge security deposit or co-signer are often requested by most auto leasing companies to make this work for you. In addition, you might also have to pay a higher interest rate. Finally if you seek visual powerpoint presentation we suggest you look up for something online.