The Consumers Guide to Auto Leasing
Home | Begin Car Leasing 101
Untitled Document
Download free Car Leasing eBooks

 

Car Leasing 101 - Disdvantages of Car Leasing

So what is the biggest disadvantage of leasing a car (or any other vehicle for that matter)? The main disadvantage of car leasing is that you are held to a car lease contract, which can be costly if you wish to break your lease. Y ou're putting money into a car that you won't own. However, there are options available for you to break your lease, or transfer your lease (define: auto lease transfer). We’ll provide more detail on how to transfer your car lease later in this guide.

Really, the only major disadvantage to leasing a car is that in the long run, you the consumer will spend more money than through financing or by paying cash for the vehicle. But this is a decision you should make before you even consider leasing. If you’re only in for the short to medium term, then yes, leasing a car can be a great option, and you may have the option to transfer your car lease to another consumer - who would then take over the reaminder of your lease - considered a short-term car lease. But if you plan to later purchase the vehicle 100% out-right, then yes, you will end up spending more for the car than if you purchased it.

While what I’ve outlined above is really the only major disadvantage to leasing, there are a few minor tips you should be aware.

When you’re seeking to lease a new vehicle, many car buying books mention one of the first strategies to negotiating with the dealer is not to tell them you wish to lease the vehicle until you negotiated a reasonable purchase price (define: purchase price). This strategy will prevent the salesman from any lease terms to hide the true sales price of the car. If a dealer knows that you're not going to buy from them they may get all they can on the wear and tear charges within the lease. So spend your time learning of the lease rates (define: lease rates) to determine if they’re reasonable, or whether or not you can afford the payments.

Part VII: Disadvantages of Buying a Car Disadvantages of Buying a Car

 

 
   
Get the full auto lease details in the PDF eBook Guides
(Printer-friendly | Download Free)
2011 Consumer Guide to Car Leasing
2011 Consumers Guide to Getting Out of a Car Lease
 
   
 
   
 
Copyright CarLeaseAuto.com 2006-2011

Creative Commons License  This work is licensed under a Creative Commons Attribution-NoDerivs 2.5 License. Website.
CarLeaseAuto.com is in no way affiliated to AutoTrader.com, Auto Trader Publishing or any other auto leasing publication on the topical subject matter. Those seeking Auto Trader Publishing, please visit them here or visit our links of recommended industry websites and resources.