What goes inside your head when you’re about to sell a car?

A lot of things: how is the most basic though.

Here are some ways to make it a tad easier for you to start a process every car owner seems to avoid:

1. Get the professional details of your car’s make-up. You can ask for professional assistance that will cost you $75 to $100. This will bring out the best in your car and make it a show-stopper for shoppers.
2. Write a classified ad, focusing on the car’s strong points. You may include the phone number and price but not the address. Simply put, protect your privacy unless you want somebody knocking on your door when you’re still in your nighties.
3. Know  the retail value of your car at Yahoo!Autos and other reliable sources. Just bear in mind that there’s no fixed price. You have to come up with a price you can settle for.
4. As much as possible, pay off the car first before you sell it; but if in case this is not the case, just make sure that you don’t use the pay-off price as the selling price; or you’ll never sell it.
5. When you still have a pending payment on the car and you’re itching to get rid of it, then you can have the amount carried over to the new car loan.
6. Make sure the fluid levels of your car are intact, take special consideration of the oil. Oil is the greatest measurement of cleanliness for your car.
7. When there’s an outstanding loan on your car, bring the buyer to your bank. Let the buyer pay the loan and sign off the title to be transferred to the new owner.

You may want also to increase your car’s online presence by listing it in high-traffic sites. It’s a proven tactic.

Take note of the emphasis on APR: Check the annual percentage rate of the car. Making sure that it’s good will ensure a hefty saving for you.

Mileage is important. Calculate the nearest approximation you have for mileage. Underestimating it will make you pay soaring excess mileage rates; overestimating it will also make you pay more monthly than what’s necessary. Then you’ll be thinking I could have spent that money playing poker instead.

Figure it out; are you a long-range, high-mileage driver? If that’s the case, then you better include servicing as part of the package. You just have to pay additional on your monthly payment for this. But if you only have short trips in a city terrain, then you can pay on your own for the annual service and any additional ad-hoc bills.

Check if tax is part of the monthly payment; and if it is, how much are you being charged for it?

Sometimes to end the agreement is better than staying on with the contract. Just make sure that the penalties will not be more expensive than the interest and monthly payments til the end of the contract.

If you happen to have a personal contract purchase policy included in your contract and you want to give up your vehicle, you can opt to sell it to a buyer of your own choice; then you can sell it with a slightly higher price that will guarantee you profits.

They say the street-smart is more likely to survive; this is all the more true in car leasing. Knowing the nitty-gritty about dealers and some hidden issues in car leasing will be a surefire way of going through leasing hurdles unscathed.

When a car is out of your company’s budget but is a necessity, you need a finance lease, a VAT-free car financing method. In this car financing method, the moveable asset or simply the car is bought from a supplier; your company then pays an effective rental instead of a repayment.

Monthly rental for the car consists initial car cost, finance lease period, and residual value. One should only bear in mind though to stick to the mileage limit since this will be strictly taken against your residual value.

The lessee has full use of the leased car; however, he can’t own the car at the end of the lease. But the good thing is when the car is sold, a percentage of the sale is given to the lessee. But if you insist, then you can pay the car’s entire cost plus interest in monthly installments.

Now let’s head down to the benefits that this finance option offers: low initial payment, flexibility in payment options, updated car models, VAT reclamation of up to 50%, tax allowances application for hire rental, worry-free maintenance, sales proceeds.

So next time you go shopping for the right car financing, you can add finance lease in your major options and drive on!

How can car leasing options vary widely?

If you’re going to browse further on the previous posts in this site, you will find out that we have tackled quite a variety of car leasing types. Now let me add one more to the prolonging list.  Here’s what we call short term car leasing.

So what do we mean by short term car leasing? When the usual car lease extends up to three years, short term car leasing is only from three months up to 12 although some companies offer 28 days as the shortest duration.

This car lease type demands the same form of payment as the regular car lease option, which is based on the difference between the value of the car at the start (retail value) and end of the term (residual value). Mileage limit is more stringent in a short term car lease. Any excess of it will be taken against you as residual value addition. You also have to return the car to the leasing company after lease end. You simply don’t have the option to buy out the leased car. So if you think that this option suits you right. Go ahead and start scouting for the right car now!

Leasing companies have defined its identity in the auto-manufacturing world. However, contrary to its popularity, not only as the last alternative to any finance arrangement but as a lucrative financing business, there is still a lot of chaos as to what are the types of leasing companies.

To establish order in this aspect, we hereby state the three categories of leasing companies:

Banking leasing companies are leasing companies that are affiliated to authorized finance groups like ING Lease, Raiffeisen Leasing, and UniCredit Leasing. They comprise about 50 per cent of the leasing market value.

Captive leasing companies are those leasing companies that belong to Radacini Leasing and RCI Leasing which comprise about 33% of the leasing market.

Independent leasing companies like Motoractive Leasing are leasing outfits that are on their own. They make up about 17% of the leasing market.

Of these categories, three types of leasing were brought to life. Here are the three in no particular order:

Operational Leasing: In this process, the customer purely rents the product without any intention of buying it at the end of the lease; it’s the company’s responsibility to rent the product out to someone else. This started in Romania and may be more appropriate and popular for leasing equipment and fleets.

Financial Leasing: The customer, in this process, rents an item and has the intention and privilege to buy it when the lease ends. Financial leasing dominates the car leasing process.

Real Estate Leasing: This concerns more about renting residential units and buying them in lease end. According to Bernd Kunzel of Raiffeisen Leasing, this process spells out several advantages as compared to mortgage loans. For one reason, it has an upper hand for undertaking the responsibility of paying the site inspector.

Source: https://www.thediplomat.ro

Leasing has been in the car manufacturing community of Canada. It has shaped Canadian economy in ways that even the major car-manufacturing companies cannot define. With the worldwide trend of downgrading the leasing process due to the economic downturn in the whole of US and Canada, consumers and car buyers have yet to decide on what to do.

To give you a wider picture, 60% of Canadian sales for BMW is derived from leasing. Despite this, the company opted to focus more on financing, by providing more options for purchase. Ford also followed suit and had cut its leasing options. In this very tight leasing market, there are still a couple of car-manufacturing companies which have remained steadfast in their leasing options. The good old Mercedes Benz and Honda’s leasing incentives have remained unchanged.

As a result, most car users now have succumbed to buying used cars and looking for purchasing options with longer payment terms. But leasing is far from over; a lot of people are on the look out for better things to come in leasing.

Do you have any idea on how to make leasing better? Perhaps leasing hybrid cars or fuel efficient cars only will do the trick, given that the main control of this issue rests on the unstable oil industry. But then we have to wait for anything to come as a substitute for driving a luxury car in three years with relatively lower payment, which is true-blue leasing principle.