Car Leasing Guide: What To Ask

Here's a car leasing guide on some of the questions that you do have to ask when you have decided to go through with a lease. Make sure that you get the answers to these questions as well.

What should I pay when signing a lease?
These payments can be made up of all sorts of fees. They are security deposits, capitalized cost reduction, monthly payments, registration fees, etc. Whatever they are, make sure that the dealer enumerates them so that you don’t get surprised with any hidden charges in the future.

How long will the lease last?

Usually a lease will last in these following plans: 24, 36, 48, and 60 months. However there are some dealers who will give them in odd terms as well, like 39 months. Whatever the plan is, make sure that you get the exact number of months you have to pay so you don't end up spending more than you have to. It will also be wise to track your payments.

What will happen at the end of the contract?

There are two things that can happen. You can return the car at the end of a contract and just walk away, or you can pay the difference in residual value and an estimate that is given at the start of a lease and the car is yours to keep.