Is It Possible to Get a Good Deal on a Lease?

All of us have daydreamed of driving out of the lot with a brand new car, but how many of us are able to do this? Unfortunately, purchasing a new car can be quite expensive, which is why leasing offers a special opportunity to get behind the wheel of a new car without taking out a loan. However, leasing isn't always the best option, depending on your circumstances. Therefore, before we discuss how to get a good deal on a lease, let's take a look at the optimal leasing customer:

Who Should Lease?

• Someone who wants a new car but doesn't want the depreciation
• Someone who doesn't have enough cash or wants a car that's above his or her pay grade
• Someone who is meticulous about keeping the car in good condition
• Someone who wants the highest level of technology at all times
• Someone who won't log an extreme amount of miles driven per year

How Can You Get a Good Deal on a Lease?

Once you have determined that you are the type of person who would do better with leasing an automobile, it is time to find a leasing deal with favorable terms. In order to accomplish this, it will take some research and preparation.

First and foremost, you'll need to pick a car that matches your budget and needs. Make a list of several car types and models that fits your criteria. Once you come up with a list, it's time to research dealers in your area to see what offers are available. 

There are usually special lease deals available. For example, if you live in the Garden State, do a search on great car lease deals in NJ, and you're bound to find some special priced models, especially if the dealership is trying to move automobiles to make room for next year's models.

In addition to searching for deals, there are several tried and true ways to get the best deal on a lease. Remember to focus on the price of the car and not the monthly payments. Take a test drive and discuss any safety or performance features that are special with this model. Finally, remember to compare lease deals among several dealerships. You may be able to create more room for negotiation if you do.

No Fears on Your Next Car Lease Deal

Leasing a car can be an incredibly nerve-wracking and deflating experience. It's hard to know which car is best for you, how much it should cost, and whether you are getting a good deal or not. Fortunately, dealerships such as Gentilini Motors in South Jersey offer you a way to take the headache and buyer's remorse out of the entire process.

If you're looking for a new car to lease and don't know where to start, here are some tips that will help you find a good dealership like ours.

Decide what Kind of Car you Want

Before setting foot in any dealership, you'll want to make a decision about the type of car you are looking for. Create a budget and examine your lifestyle – these will help you determine whether a sporty and affordable compact or a heavy-duty truck would be more your speed.

Look at the Reviews and Retention Rates

One of the best ways to identify a good dealership is to look at customer reviews online and examine the retention rates for the brands that they sell. The reviews offer you firsthand insight into the buying experience and details about the customer service, allowing you to avoid wasting a trip. Retention rates help you to see how happy past customers have been with the vehicles of a particular manufacturer.

Check for Extras & Specials

Once you've located a dealership that you want to visit, check out their website for extras and specials. They will often advertise some of their best deals online, so take a good look at both the inventory and the sales (especially around holidays, when they often have some of their best promotions).

Ask about Residual Value

This is simply the amount of value your vehicle retains at the end of the lease. While this may not seem important if you are not intending to buy the car, it has a substantial impact on your payments. Essentially, you pay for the car value that you are using up, so if it is determined that you are using $10,000 worth, that is divided by 36 (in an average-length lease) and taxes and fees are added to create your monthly payment. Therefore, cars that retain their value longer will cost less during the lease. Call your dealership of choice and inquire about the residual value of the cars you are interested in. The average will be about 50%, so try to look for something a little above that, if possible.

Find a Dealership that Offers Low Interest Rates

Interest rates are one of the other flexible factors that will affect your monthly payment. Of course, this rate may be somewhat determined by your credit score; however, many good dealerships will offer competitive rates even if you don't have perfect credit, so look for these establishments.

These are just some of the most important things to consider when looking for car lease deals in NJ. The best dealerships will help you to find the exact car you want – no muss, no fuss!

When it Makes Sense to Lease a Car

There are many advantages to both buying and leasing cars in New Jersey and, depending on your needs and situation, either one can make sense. However, in some circumstances, one makes more sense than another. So when would leasing be the right choice for you? Here are some circumstances in which leasing is the way to go:

Your Last Car Died Unexpectedly

Maybe you could have saved the money to buy a car, but then something happened that left you with no time: perhaps someone else totaled your car or your engine just up and died, and replacing it would cost more than a down payment on a new car. If you and/or your significant other rely on your vehicle for transportation to work, you may not have time to save the money for either the repairs or a down payment. That's when leasing can really come in handy! Car lease deals in NJ sport either low or no down payment – a big advantage for people caught in one of the awkward situations mentioned above.

You Haven't Been Able to Save for a Car

Maybe you were trying to save money for a car, but things just kept popping up to drain your bank account. From the unexpected hospital visit and your storm-damaged roof to that family wedding that cost you money in gas, hotels, and presents, there just wasn't any money to spare for a new car. Getting a lease will enable you to drive a new, hassle-free vehicle despite your financial difficulties. And by the time the lease is up, maybe you'll have been able to put aside enough to buy the car of your dreams.

You Might Not Have Money for Unexpected Repairs

If you're already contending with lots of unexpected expenses, paying for car repairs won't be something you look forward to. Leasing is a great way to avoid any such possibility. With a lease, you get a brand new car at a low price, and you get a warranty that lasts through the entire term. The warranty will cover most things and your insurance will handle any major damage, so you'll be covered no matter what happens.

You Want/Need a Nicer Car than You Could Afford to Buy

Maybe you want a minivan or SUV for your family. These vehicles are not the cheapest compared to other car types, and some can be downright expensive. While, if you're on a budget, you obviously won't be getting the fanciest model, you'll still want one that's spacious and comfortable. A lease is a great way to achieve this. With a lease, you're paying for a portion of the car based on the sales price, and minus the depreciation it will accumulate. Thus, the car payments will usually be much lower with a lease – and that's to say nothing of the deals and incentives that the dealership will offer you!