Negotiating For a Car Lease

8 April 2021
 Categories: , Blog

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If you haven't leased a car before, then you should learn the basics before heading out to the dealership. While negotiating for a leased car does share some similarities with purchasing one, there are also some differences that you want to be aware of. Here is more info on things you want to know about negotiating that can help you end up with a better deal. 

1. Dress appropriately

The first thing you want to do is make sure you are presenting yourself in the right light. You should dress in a way that lets the dealership know you are ready to do business. However, you want to refrain from wearing anything too flashy. Car dealerships know that plenty of people who can more than afford the cars sometimes consider the art of negotiating the car lease to be a game or they may even consider it an opportunity to practice their skills. So, if you go in wearing high-brand accessories, then you may going to have a harder time getting the terms you want. 

2. Do some research ahead of time

Before visiting the dealership, you want to learn about any leasing deals there may be on some of the vehicles you may be interested in. Pay attention to any incentives or specials being offered from the manufacturer or the dealership itself. This can help you narrow things down and help you find the right car and it also gives you a great place to start when it comes to negotiating. 

3. Be open-minded

You have to be prepared for the fact that you may not be able to come to an agreement on the terms for the car you were hoping to drive away in. However, it's a good idea for you to try to be open-minded because there may be another great car that you will be able to get for a great price and terms that work well for you. 

4. Know what terms to negotiate

When you go to the dealership, you need to know what terms you are going to want to negotiate. For one thing, the cap cost is the best place to start. This is the one that dictates your monthly payment and you are going to want to get it as low as you possibly can. Another term to try to negotiate is the rent charge. Some dealerships are more willing to negotiate on this than others. The mileage allowance can be important to negotiate, especially if you know you will be racking up the mileage in the car you lease. If you are bringing in a trade-in, then you can negotiate on the value of the trade-in, so it is worth more which helps cut your costs.

If you're ready to negotiate car leases, contact services like The Car Buying Concierge.