Car Leasing Guide: What You Pay For
The car leasing guide booklets that you might get at the dealers or the advice that you get from their representatives just won't tell you what it is you are paying for exactly. This is essential in knowing where your money is actually going. Leasing a car means that you are paying for the depreciation from the final sale price to the residual value once your contract is done; this is very important to know if you want to negotiate a good price. Car leasing guide advice? Always compare models for good residual values and depreciation cost.
Here is an example of the math that you should do when it comes to leasing a car:
35% depreciation of a, let’s say, $30,000 car = $10,500. Now compared to 43% of the same price which is = $12,900, that is a huge difference that you would have to pay during your lease contract. So remember, it's all about the depreciation of the car so compare different cars before making any decision on a lease.
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