Car Leasing Mistakes You Need to Avoid

Information about Car Leasing Mistakes You Need to Avoid

Published on August 8, 2014

Author: TheodoreABrown



Car Leasing Mistakes You Need to Avoid: Car Leasing Mistakes You Need to Avoid Sometimes it is much better to simply rent a car instead of purchasing one because it can help you save more money. A lot of people, especially car enthusiasts, get pretty excited whenever they get the chance to drive a new car. Car leasing can help give you this opportunity, but the excitement that you feel can also cause you to make some very big mistakes. The mistakes that you make can end up costing you a ton of money and maybe even more. If you are planning to lease a car, then we have some important tips here that you may want to remember so you can avoid making mistakes. The first thing that you want to avoid doing is paying a lot of cash up front. Most dealers will lure in consumers by advertising low monthly deals on their leases. However, the catch to this is that they will require you to pay thousands of dollars in advance. Why should you avoid this? It is because you will not be able to get any of that money back in the unlikely event that the car gets damaged or stolen. This will not be a win-win situation for you because if this happens then it will be the dealers who get compensated through their insurance while you won’t get a single penny. If you want to be safe you should always look to rent cars that do not have any gap insurance. If you lease a car with gap insurance, then you will be the one responsible for paying the difference of the insurance coverage should anything happen to the car. You should also avoid getting a car without even knowing how many miles it has already driven. Most leasing contracts put their driving maximum at 12000 to 15000 miles. If you unknowingly exceed this limit then you may get charged for as much as 25 cents per extra mile. It might not seem much, but once the mileage starts to accumulate, then that is when you will begin to see just how costly of a mistake this can be. So be sure to have a good estimate of the miles driven before you lease a car. If you are interested in knowing more about leasing cars, you can go to

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