Car Leasing Secrets: What You Should Know

If there are any car leasing secrets that you should know, it should be the things that you should expect when actually leasing a car. Here are a few car leasing notes that you should keep in mind before leasing a car or even before renewing a lease with your favorite dealer.

Excessive mileage means penalties - One of the car leasing secrets to know is that if you drive a lot in a leased car, it might cost you. This is especially true if you drive over a pre-set limit.

Good credit for a lease - It's not easy to qualify for a lease. Make sure that you have a good credit line. However, if you have bad credit, there are some banks and dealers who might still be able to offer something and it might cost you.

Your leased car, you maintain it - Even if it is a car that you don't own, one of the car leasing secrets is to maintain it as if it were your own. You have to pay for all the oil changes and repairs, regardless of the fact that you have only leased a vehicle.

A lease is difficult to terminate - Once you sign a lease contract, it will cost you if you want to terminate it early. It's also quite expensive. This is one of the car leasing secrets that most salesmen won't provide details on.