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| Car Lease Deal | ||
The term, car lease deal, is most often used in reference to a lease transaction in which the factors of the tranactions are better than average. The best lease deal is when sale price is heavily discounted, a rebate is available, the money factor (interest rate) is low, and the lease-end residual value is high. In combination, these factors create a low monthly payment — and a good deal. Be careful of lease deals that only seem to be good. Low payments can be deceiving. A bad lease deal can easily have payments that are smaller than loan payments for the same car. Therefore, leases must be evaluated and compared to other leases, not to loans. Some of the best lease deals are those being offered by car manufacturers as an incentive to help sell cars during slow sales periods. The advertisements for these deals appear on TV commercials and in local newspapers and can be identified because they typically do not have specific dealers named in the ads. The Lease Kit contains a special lease deal evaluation calcuator, called the Lease Evaluator. The Evaluator is designed to used before a lease when nothing more than a monthly payment amount is known. Another tool in the Kit, the Lease Inspector, is more useful when you know all the factors of a lease. For more information, see: The Lease Guide
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