Essential Steps to Leasing a New Car

Author: Sunder Singh

A corporate leasing company assists you getting a new vehicle without paying a large sum of cash or taking out a loan. To own a car on lease, you simply have to make small down payment for a fixed term. In a lease deal, you’ll pay less than 20% of the actual car’s value in the form of monthly payments. When the term gets over, you have to return the car. You’ll be provided with great deals on different models of cars through these vehicle leasing companies. Wide choices are available for personal or business based car leasing agreements; you can easily find out the best lease deals through online dealers.

Today, leasing a vehicle in India is quite easy and beneficial than buying a new vehicle. If you want to get the best lease deal on the car you want to buy, you must follow these steps:

Choose a Car Type

First of all, it is important for you to decide what type of car you actually need. It is better to know, what car do you need and for what purpose. You can pick from different car models – sedan, SUV or convertible; it’s better to make a list of car types that comes in your price range.

Test Drive is Important

Once you’ve selected a few car models, try to take test drive in each car. It is important to look for the comfort, visibility, braking, steering, internal noise and shock-absorption. Also, pay attention to safety features of the selected models of car. Only after this stage, you can decide whether to lease a car or not.

Compare Lease Deals & Negotiate Up

Never forget to ask the lease dealer to calculate the lease deals, so that you can decide how much you can afford to pay for the lease agreement. Go for a lease agreement after you’ve negotiated a purchase price. Most people don’t know that they can easily negotiate the lease rental that is important to getting agreed-upon the offered price.

In the End

After analyzing these points, it's time to go out and own a new car on lease. The time you take to make research will help you to find out the best deals on the lease agreement. When you purchase a car on the lease you'll not only be getting a car of your choice, but you'll be saving money in the process.