7 Proven Strategies for Getting the Best Automotive Lease Deal (Plus Resources!)

Leasing a car can be a cost-effective way to drive a brand new vehicle, but to get the best deal, you need to know what you’re doing. Here are seven strategies for getting the best automotive lease deal, plus resources to help you achieve each one:

1. Know your credit score: A good credit score will impact the interest rate and monthly payment on your lease. You can get a free credit report from the three major credit bureaus (Equifax, Experian, and TransUnion) once a year, or you can use a credit monitoring service to keep track of your score.
2. Do your research: Before you head to the dealership, research the models you’re interested in leasing. Look at their specifications, options, and prices. Websites like Edmunds and Kelley Blue Book are great resources for car research and pricing information. You can also read reviews from trusted sources such as Consumer Reports or Car and Driver.
3. Know the true cost of the lease: Don’t just focus on the monthly payment. Look at the total cost of the lease, including the down payment, interest rate, and any fees. Use online lease calculators, such as those found on Edmunds or Bankrate, to estimate the total cost of the lease.
4. Compare lease deals: Visit the websites of different automakers and dealerships to compare lease deals. You can also use a car leasing website, such as LeaseBrowser or Swapalease, to compare deals.
5. Negotiate: Dealerships expect you to negotiate, so don’t be afraid to haggle. Brush up on negotiation skills by reading books or attending workshops on the topic. You can also use online resources such as The Art of Manliness for tips on negotiating.
6. Consider the mileage allowance: Consider the mileage allowance when leasing a car. If you drive a lot, you may want to opt for a higher allowance to avoid paying extra fees at the end of the lease.
7. Read the fine print: Make sure to read the fine print of the lease agreement. This will help you avoid any surprises down the road and ensure that you understand the terms of the lease.

By following these seven strategies and utilizing the resources provided, you’ll be well on your way to getting the best automotive lease deal possible. Happy shopping!