Car leasing is more of often than not mistaken as car renting, which is close to apartment renting. The most basic difference is the length of time the vehicle is put into use. For car renting, it is usually for transient or short-term use, about only for a day or even less, while car leasing would require about twenty-four months under contract.

In car leasing, you have the privilege of choosing the make and model of the car you want. With car renting, you only have to choose from among the available models the dealer has.

The price you need to pay for car renting is based on an hourly or weekly basis. These prices are set by the rental company. For car leasing, the leasing company buys the car from the dealer with a price that has been negotiated with the customer. It then loans the car back to the customer.

These are basic differences that a prospective customer must know before he blunders on using either of the words, giving away the impression that he’s an easy prey to double-crossing dealers.

It’s pretty obvious that this is one of the car leasing secrets and scams that are most common in this business practice. Sales people will always try to capitalize on a person’s trusting nature, combining it with overly complex calculations and thus leading to a bloated price for a vehicle. And this is even before the calculation of the actual lease payments.

How is it done? Simply put, you might be able to negotiate like crazy. This is when a salesman will start to complain and say how you are such a great negotiator and then goes into the office only to be back with a price higher than you negotiated. Although the price may not seem like a lot, it adds up to something quite large in the long run because that salesman has just included for himself a bonus as he calculated the lease payments. The best of car leasing secrets is to check all the numbers yourself.

What you can do is insist on the unveiling of the residual price of a vehicle, or interest rate. In fact, get all the numbers that you can get before you start negotiating. Calculate the payment yourself and then start to negotiate once you have an idea on the price of a vehicle.

One of the best car leasing secrets is to know what a finance deal really is. Knowledge of any kind of lease is what will help you make the right choice and decision with what kind of lease plan you want to sign up for.

So what is a finance deal? It’s a rental agreement. In this agreement the vehicle is owned by the finance provider or the lender (it could be a bank or any other finance institution) and it is “lent” to the user for a set term and for set monthly price. The user will have full use of the vehicle which has a predetermined residual value. This deal is also known as a car lease, auto lease, vehicle lease or asset lease; it’s one of the valuable car leasing secrets that you have to break down to better understand the mechanics of this business model.

Thinking of entering a lease or buying a car? This car leasing guide says that you have to weigh your options first before you get into any financial transaction. So how would you know if a lease is for you? If you are comfortable with the following factors of a lease, then you just might personally qualify for one:

• You’re okay with making monthly payments
• You want a car that’s always under warranty
• You are the type to try before you buy
• You don’t like trade-ins
• The car is strictly for business purposes

Does this car leasing guide answer your question of whether or not you should enter a lease? What other deciding factors do you think should be included? Share your thoughts.

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.

Also visit this site: Top Used Cars

When you have all your car leasing secrets and tips in place, then everything should be easy. You should be able to negotiate well, especially if you have all the necessary tools, like the lease calculators and information on different cars. But you also must realize that there may be times when you don’t need to negotiate at all. This is important because you don’t want to turn off the dealer who just might think he will be better off leasing to someone else instead of you.

So the next car leasing secrets advice is know how to spot a great deal because there are some out there. A great place to find good deals is in your living room on TV or in the newspaper. This is because most of them are packaged deals already and are sponsored by both dealer and leasing company. In fact, these advertised deals are actually better than you might be able to negotiate.