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Auto leasing is a way to drive more car than you can afford and change cars every 3 years without hassles or trading in. If you understand all the terms as I explain them, and study the sample ads and exercises in this article, you will be poised to negotiate a value added lease. But overlook one detail or forget to check their math, you'll lose your shirt. I'll show you how to be a proactive deal maker and level the car leasing play field. When you lease a car, the dealer sells the car to the leasing company who leases you their car for 36, 48 or more months. The leasing company can be a bank, the car dealer, or a car manufacturer like Ford Motor Credit. The selling price to the leasing company is called Capitalized Value, or Gross Cap Cost. You can reduce monthly payments by reducing the cap cost (putting more cash down). This is called cap cost reduction. Your monthly lease payments on a $30,000 car are less than buying the car, as you are only paying for approximate 50% depreciation + interest, but at the end of a 36 month lease you have no equity in the car. Had you bought the car with a 36 month loan, at 36 months you'll still have $15,000 equity in the car. Competitive car lease quotes give you lowest lease payments How to deal directly with your auto leasing company Auto Leasing Direct allows you to lease directly from the car leasing company thus eliminating dealer mark-up on the financing terms. Talk directly with leasing companies who have agreed to provide competitive leasing on select makes with full disclosure of terms directly to our visitors, all without the hassles and scams found at some dealerships. There is no cost or obligation for you to participate. You don't have to accept the first car lease payment the dealer offers you. Try Lease Wizards's Live Lender Quote, giving you 6 lease quotes from major lenders in your area, with actual residual values, money factors, fees, mileage allowances, the same information the finance manager has on their computer. If the dealer tries to charge you too much, show them your quotes from up to 6 vendors and make them beat the price. On Lease Wizards's site, choose "L.L.Q. Center". Empower yourself with lease payment quotes, don't be a victim of your next auto lease DON'T BE MISLED by services that claim to provide you with comparative quotes. Look closely. Do you see a list of lenders? Probably not. Do you see a credit application? Probably so because the same service that is giving you a quote is trying to lease you a vehicle! That means the quotes you see represent the terms on which THEY will lease you a car, and NOT necessarily what the most competitive lenders in the market are offering through most any dealership. Click Here For more info on getting leasing quotes. Should you buy your leased car at the end of the lease or dump it? Many people ask me if they should buy the car at the end of the lease. Usually the end of lease purchase price, known as "Residual Value" is $3k -$4k more than actual market value of the car. Smart shoppers know the buyout price is thousands over market value, and turn in cars to leasing companies instead of buying. That caused used car values to tank unexpectedly in 2001-2003. Dealers and leasing companies hoping to dump their cars for minimal losses at wholesale auctions were driving back home with their trucks full, unable to sell. I sent my sister into a wholesale auction to buy mom a used Camry and watched foolish dealers take their Camrys back home, too arrogant to budge $200. Many people forget there is also a $300-$400 non-negotiable "purchase option fee" buried in your lease contract if you buy the car at the end of the lease. Your strategy: I would wait until the end of your auto lease and ask the leasing company if they will sell the car for less. Offer less than market value for the car. Many leasing companies are arrogant and still play hardball. Digest this: 90% of you who lease took it on the chin going into the lease if your gross cap cost was MSRP. So if they don't budge on the buyout price, exact your revenge on them by dumping another used car on them where they will lose $2000-$4000. Don't let them scare you with over mileage penalties, or non-matching tire fees, it still beats paying $4000 more for a car than the market value. They'll call you in advance to pressure you to buy the car at lease end. Research the value, dodge their calls, and show up at lease termination with a check in the amount you want to pay. Haggle smartly, telling them you know used cars are worth a lot less now. With no sale they have to dump the vehicle at auction. Don't pay them until they sign a buyer's order first! If they reject your offer, walk away, game over. Now they have no time to strategize, the deal is over and you pinned them against the wall. Maybe they'll chase after you before you drive out to give you the lower price, but if not, just keep on driving with a grin on your face.

With so many confusing terms and variables, leasing provides unscrupulous dealers with a target rich environment of ways to sucker you out of your money. Here's a headline from the late 90's: "Mazda To Pay Record FTC Fine of $5.25 Million For Violating FTC and State Orders Regarding Lease Advertisements."

Analyze the numbers on one of your old leases with a car lease payment calculator, you'll find you should not have signed that lease. Your jaw will hit the floor when you find out how badly you were taken. Don't sweat it, after today it will never happen to you again.

Use proper car lease payment calculator tools to plan your lease

You should not lease a car without using lease software to help you make smarter decisions, or you are setting yourself up for a big loss. You'll know the lease better than the dealer so they can't outsmart you. I'll tell you where to find ALG Lease residual Values, and how to use them. View our Review Of Leasing Software that you can use to catch dealers padding your monthly payments. I'll give examples of common leasing dilemmas like excess mileage, losing your job, early termination, and moving out of state. You can also download my awesome free car lease payment calculator spreadsheet.

Don't fall into the gap!
If you owe more on your car than it is worth, if you lease, or if you put down less than 20%, you should get Gap Coverage from Gapinsurancequotes.com. Most people refer to it commonly as "gap insurance". Don't even bother buying it from dealers, they charge $500-$700 when you can get it online directly from Gapinsurancequotes.com for less than 1/2 the car dealers. If you owe $20,000 on your car, but it's only worth $16,000, you're upside down. You total the car, or it's stolen, your insurance company gives you $16,000. You must still come up with $4000 to pay off the bank, plus your $500 deductible! Gap coverage protects you against this. The better ones cover up to $500 of your deductible.

Back To Back Leases Cost you More in The Long Run
This is because you suffer 50% depreciation on a new leased car every 3 years. At lease end, bring the car back and buy it or lease another. It's like renting an apartment instead of owning a house. Dealers trick you by stating leasing is a better investment than buying. No car is an investment, but I'd rather have 100% equity after 3 years, than 0%. One of the biggest complaints I receive from readers is the car dealer pulls the old Jedi mind trick on you and says "the selling price of the car on a lease is not important". If they tell you that, they are lying. The selling price is the gross cap cost, and the higher the gross cap cost, the higher your monthly payment. Only an idiot believes that the selling price (gross cap cost) of a lease does not matter. You MUST negotiate a lower selling price on a lease, just like you would if you are buying the car. Do not fall for this scam.

Depreciation In A Lease
Depreciation is how much value the car loses during the lease. It's the difference between the "capitalized value" (selling price) and the residual value (predicted value at lease end), supplied by the Automotive Leasing Guide (ALG) or equivalent. It does not matter whether you lease or buy the car, it still depreciates the same 50% in 36 months. So when a salesman tries to tell you that buying is a bad investment, he's forgetting that leasing is too. Ignore those Jedi Mind Tricks. Cars that don't hold their value are not good cars to lease because you pay more depreciation. If you lease a $20,000 car and it's worth $11,000 after 36 months, you pay for the $9000 depreciation, plus interest.

This way, depreciation is at a minimum, and thus your monthly payments are at a minimum.

The fact that your monthly payments are lower with a lease
does NOT mean you are getting a better deal than buying!

MSRP - Manufacturer's Suggested Retail Price

While many salespeople are good, some live by this principle:

"It is morally wrong to allow suckers to keep their money."
Thanks to tricky lease terminology, dealers can agree to all your demands, then steal it right back. You negotiate the price of a $25,000 car down to $22,000. Now you think you are getting a great deal. The only problem is some dealers still skirt the law and fail to disclose this $22,000 "cap cost" (selling price) on the lease papers. Instead they use the $25,000 MSRP as the "cap cost" for their formula then show you only what your monthly payment will be, and not the selling price. Since lease payments are less than a loan to begin with, the payments are low and you are happy. On a 48 month lease, they packed your payment by $62 per month. If you speak up they make you feel guilty saying "We're saving you money here, you're paying less than you would on a loan. They just stole $3000 from you but you don't notice because it's spread out over 48 months.

Advantages Of A Car Lease

• Lower Monthly Payments. You only pay for depreciation during the term, monthly payments are 30%-60% lower than car loans
• Easy Software Tools Help You Lease Smarter. Expert Lease Pro and Lease Wizard help you make smart car leasing decisions
• Great way to establish credit. If you are a first time buyer or have bad credit, sometimes auto leasing is the only way a dealer will finance you
• More Car, More Often. With lower payments, car leases allow you to get more car for your money and drive a new car every three years
• Fewer Maintenance Headaches. If your lease term coincides with the manufacturer's warranty, major repairs are covered by the warranty
• Lower Up-Front Cash Outlay. Supposedly. Car leases should require little or no down payment, But dealers require $2000-$7000 down
• Just walk away at the end! Closed end leases have no hassle at the end. You turn in the car, pay an end of lease disposition fee, and walk away
• You'll need "Gap Insurance". You should buy Gap Insurance when you lease a car or when buying with less than 20% down. Buy it online for 1/3 the cost

Disadvantages Of A Car Lease

• The selling price is usually MSRP. Many dealers hide this value from you, diverting your attention to low monthly payments. Clever trick!
• Fees to get in, fees to get out. Usually have Dealer Acquisition fees near $700 to get in the car lease, $400 disposition fees at end of the car lease
• Confusing finance Charges. Some dealers try to confuse you and lie about the money factor and often they won't even tell you the money factor!
• Some dealers refuse to itemize your trade-in. Dealers are not required to itemize trade-ins, buyers who trade in, may not get credit for it, get ripped off
• High insurance costs. Leasing companies usually require you to purchase minimum insurance policies of $300,000, more than most people normally buy
• If you lease the car you may not get the rebate. Some dealers sneak out of it, increasing your cost $500-$1500, or $13-$42 monthly, so make sure you get it
• Lemon laws don't cover leases in some states. Example: Illinois Lemon Law applies only to new cars, not used car sales or leases
• Misleading dealer lease ads. See that $275 per month BMW ad? There's a tiny stock number of the only car there at that price. Gone by time you get there
• Long-term cost of leasing is more than the cost of buying: Back to back leasing always costs more than buying because of all the fees
• Misleading car lease sales tactics. Some dealers perform an "analysis" of Buy vs. Lease, always showing leasing as cheaper. Always check their numbers
• Those Nasty Mileage limits! Leases limit you to 12000 miles/year, some are 10,000 miles. Many people end up owing thousands in mileage penalties at the end.
• You are responsible for program maintenance. Keep good records of oil changes, tune ups, etc. and do them per schedule or you'll pay excess wear & tear
• Some car leases have large up front fees: Even ads touting $0 down have some fees up front. Down payments create the illusion of lower monthly payments
• All 4 tires must match! This is in every car lease contract. Car leasing companies charge you for mismatched tires, full MSRP, but you can get it cheaper in tire shops
• Excess wear and tear clauses: They often nit pick when you bring the car back, finding ways to keep your "refundable security deposit" for excess wear and tear
• Accidents may trigger early termination: Your lease is "terminated," and you're obligated to pay off the lease. Insurance covers damages, but not lease payoff

Some other points to ponder before you lease a car:

People often want to get out of their car lease early
Dealers pay off your existing car lease plus lease termination penalties to buy you out of your current lease, then finance all that extra debt into your new car lease. You think the dealer is giving you something for a car you don't even own. They dipped you from one lease into another, now you are paying off 2 leases. This puts you in a far worse position than you were in before, even if your monthly payments drop, you will pay more in the long run. They to release yourself from the debt of a car lease is not by trading in the car for a new car, but by using Use sites like Swapalease.com and LeaseTrader.com to transfer your car lease to another car buyer. Then you are truly out of that lease.

Car leasing is a taxing issue!

Most states tax your monthly payment. But some states like Illinois and Texas tax the full amount of the car even though you are only using up 50% of the value then returning it. Even worse, buy the car at the end of the lease, you again pay sales tax on that residual amount! While Texas does levy taxes on the FULL VALUE of leased vehicles as you state, a law was passed that EXEMPTS owners of these vehicles from paying taxes if they are primarily (more than 50%) a "personal use" (not used in the production of income) vehicle. Here is the link to the Texas tax code concerning property taxes.

The "purchase price" of your leased vehicle is critical! The higher it is, the higher your lease payments and the dealer makes more profit.

A large cap cost reduction (down payment) hides a bad lease.
Many dealers require huge down payments at inception. The fine print in a BMW ad lists fees and down payments totaling $5289! I thought the idea of auto leasing is little or no down payment. On the BMW lease ad, they divert your attention to the low monthly payment of $275, but let's add up how much the entire lease is costing us. You must amortize the $5289 down into the 30 months of the lease. This means your effective average monthly payments during the 30 month lease will be $275 + $5289/30 = $451 See what I mean? They mislead you into thinking your monthly payments are only $275, which is right, but it's actually costing you $451 because you are only focused on the low monthly payment.

Zero Down does not mean you owe "zero". It just means you don't have to put money down up front.
Some dealers mislead you "$0 down payment" ads. Your brain makes you think you don't have to put any money at all down, when in reality, it means the down payment part of your inception costs is $0. Confused? Remember, their definition of down payment is cap cost reduction. The other fees due at closing (i.e. dealer fees, acquisition fees, bank fees, add up to over $1000. So "0 Down" does not mean zero down. They can shift fees to the end of the lease in the form of disposition or termination fees, or into the cap cost. Closing costs should always be used in the calculations to tell you how much the entire lease will cost you.

If you cannot fulfill every single payment of a lease, you should NOT be leasing.
Before signing a lease, be sure you are doing the right thing. Are you going to have kids next year and need a different car? A lease is a contract and if you break this contract, the penalties are stiff. You can have your credit rating tainted, meaning you'll pay more for your future cars, and higher interest. The lessor can sue you for breach of contract. Usually they just quote you the early termination penalty, which you are stuck with. There have been successful lawsuits against lessors accused of padding the early termination penalty, because you can't verify if the penalty is correct.

Let's Talk Finance

What A Low Credit Score Means To You
Your credit score is the single most important factor determining whether you'll get approved for a car loan, and what your APR will be. If your score is low, you'll pay extremely high interest rates on a car loan, up to 23%. Most people are also unaware that their credit score also affects how much you'll pay for car insurance rates too. Maintaining your high credit score should be an ongoing process, not a task you rush into when buying a car. In fact, that's the worst time. The reason is banks will reject you if you have disputed any item on your credit report, until it resolves in 30 days. It can take 60 days to clean up your credit score, so don't apply for any new credit until all disputes are resolved and you verified the FICO Score. You have been warned! I have seen people get rejected for applying while closing accounts. Right now, you should be asking yourself "How good is my credit score?"

What Should Your Credit Score Be To Get Approval For Car Loans? If your credit score is above 680, you are considered a "prime borrower" and will get a good APR on your loan. If your credit score is below 680, you are "sub prime", and will pay much higher APR on your loan. Below 550, you can forget about a car loan. A dealer shouldn't know more about your FICO Score than you. Get yours now. In 2001 it became possible for you to get your own Beacon FICO Credit Score when you get your credit report online. Congress fought hard for your right to get at your credit score, so you better use it. Previously lenders kept this beacon score secret from you, so they could charge you higher APR. Get your Credit Score so dealers who run your credit report can't lie and say your score was low just so they can charge you higher APR. This happens all the time, and now you must use your power to stop it. Where to get your credit score: Online from Equifax, Consumerinfo or TrueCredit. What was your credit score?

Common myths about your credit score:
A lot of fools think "I've never missed a payment. My credit is perfect, my score must be high!" This could not be more wrong. Many people get upset when after their credit score came in low. Paying on time is one of the best things for your FICO score, but it's only one of over 100 variables making up your credit score. But people with good credit tend to have too much credit, and too many old accounts still open that they never use. Lenders view that as a risk. When I got my score it was ok, but needed improving by closing half a dozen computer store and department store cards I no longer used, they were dragging down my score. Steps you need to take before you apply for a car loan:

• Get your credit score and credit history
• Close old accounts, they are excess luggage, get all balances way below the 50% credit limit mark
• Remove address or other errors
• Try to get "Charge Offs" removed, by asking your creditors
• Wait until your score goes up before applying for a car loan

Credit Unions:
If you're a corporate employee, school district, government agency, college, etc., you probably have a credit union. Credit unions are easier on you than banks, they'll lend you more money at favorable rates, usually 2% better, but not as good as the car loan sites. Your credit union can approve you over the phone in minutes, printing your credit report during the call. They'll tell you what you qualify for. Some don't require a security deposit, down payment, other fees, and are generous with mileage. If you use a credit union, make sure there is no fine print that says they can put a lien on your home if you default on the car loan. The Postal Service credit union has this lien.

Benefits Of Auto Financing on the web:
Dealers don't finance your car loan, they get a piece of the action from a bank. The higher APR they charge you, the more profit they'll make. Here's the benefits of getting your car loan from an online lender:

• Usually you pay lower APR to online lenders than you would at the dealer. (Check rates at Capital One Auto Finance).
• Avoid headaches, scams, and frustration of dealer financing.
• Approvals are usually within an hour during business hours.
• You don't pay hidden fees, points, or prepayment penalties.
• Online lenders FedEx your check the next day after approval.
• When you buy your car, just give the dealer a bank draft from Capital One Auto Finance . Apply today and drive off today with E-LOAN or Lending Tree.
• Less chance of the dealer calling you up later to tell you the financing fell through.
• You usually have 60 days to use the check, the APR is locked.

Where and when you buy is up to you. Be sure to get your credit report, and be sure it's correct. With your financing done, there's no need to endure the confusion and trickery of car dealer financing. With the check draft in hand, there's no finance scams that a dealer can pull on you as you have eliminated one of the shells in the cash flow shell game.

Buying instead of leasing. Best Sites For New Car Loans and Used Car Loans Use these sites to lookup interest rates and get your loan from the lowest APR site.
Capital One Auto Finance, America's largest online vehicle lender, can provide you with hassle-free financing on your next vehicle purchase. Benefits of financing through Capital One: Lower APR. Click here to check auto loan rates. Now you negotiate like a cash buyer with a Capital One Blank Check®. Online application, 15 min. response during business hours. No application fees; no early payoff penalties. Calculate your monthly auto loan payments online. For used cars get a person-to-person used car loan. Lower your current car payments with Auto Refinancing Loans. Car Lease Buyout Loans for the end of your lease. Motorcycle Loans to buy your next motorcycle. Apply Now and bring your check to the dealer. Blank Check® is a registered trademark of Capital One Services, Inc. Capital One Auto Finance business hours are Monday - Friday: 5 a.m. to 5:30 p.m. Pacific Standard Time (PST) and Saturday: 7 a.m. to noon PST.	E-LOAN's awesome Apply Today, Drive Off Today process can approve you in 30 minutes after submitting your brief online auto loan application. No waiting for checks, the entire process is electronic. My friend financed his used Mustang through E-LOAN APR 5% below the dealer. Features: Low APR, New Car Loans, Used Car Loans. Car loans for both prime and sub prime borrowers. Auto refinancing loans drop your car loan to a lower APR. Click Here To Check Today's APR. Refinance Calculator: Check your current rates and payments How It Works: 1) Apply Online. In 30 min. if approved, they email you. Print your online E-Fund Agreement and instructions for you and any franchised car dealer. 2) At your dealer, fill in the E-Fund Agreement, read and sign it, and you're done. The dealer and E-LOAN will handle the rest.
Bad credit loans: how to get a car loan for people with bad credit If your Credit Score is < 680 and you're rejected, don't submit apps all over that keep getting you rejected. Submit one FREE application to a bad credit auto loan site like AutoCreditFinders, that specializes in finding bad credit car loans for people with low credit scores. Send in extra principle payments to buy down the APR and pay off your car loan faster. They can find you car financing from high risk underwriters. Even if you have a discharged bankruptcy, tax liens, or bad credit. If your credit score is 525 or above, your chances are good. If you're working at least 6 months, no bad credit last 6 months. If you have good credit but got rejected because you have no car loan history, AutoCreditFinders can be useful.	If you don't get approved at E-LOAN, try Lending Tree Car Loans. They have the status of your loan online, free loan calculators, and an auto resource center. They have over 30 major banks in their network. Based on your application, they match their banks with your financial situation, which can make you more likely to get approved. They suggest for some people, to use their home equity loan to buy the car, as interest may be tax deductible. Fill out their free online loan application. They send you loan offers from up to 4 banks to choose from. Life is good.

Auto Loan and Auto Lease Calculators

Read my online article about using the ALG Residual Values. You'll need this vital data to calculate your lease payments, and look up dealer cost for cars and trucks. Every person who leases should be using the same type of leasing software that the dealers use. Without it you're sailing the ocean of confusion, and they'll swallow you whole. I would never in a million years lease a car without using my lease software first.

TIP: When filling out the forms for your credit report or anything else online, remember to enter your full email address properly! If your email address is user@aol.com, don't just put "user", you must add the full "user@aol.com", or your request will be denied. They need to be able to email your report to you as a backup.

People With Bad Credit Or No Credit
How does bad credit hurt you? Dealers charge you 18% interest or more, while the rest of us enjoy 2% to 8%. Bad credit keeps you from opening a checking account! Banks run a credit check because they know people with bad credit bounce checks. The fact that you shafted all of your creditors is coming back to get you. I think every person should read Fresh Start, reviewed below. Most cases of bad debt are from pure ignorance. Don't live beyond your means! Plan your life with a budget that has a reasonable and sustainable car payment built into it. If you have bad credit, please don't email me asking what to do, I am not a credit consultant. Go check out the free consumer credit info site DebtWizards.Com instead.

Fresh Start: The Authoritative Guide To Consumer Credit Repair If you have credit problems, you keep getting rejected for credit, or you have not established credit, you must get this easy to read Fresh Start book from Horizons Unlimited. We cannot say enough good things about Fresh Start the best debt resource we've seen, covering more topics related to your debt than anyone. It walks you through each of the remedies available to you to remove negative credit. Forget credit doctors who scam you out of $600 or more, this book shows you how to do it free yourself. There are great step by step tips on analyzing your credit report, disputing bad marks with credit bureaus, negotiating tips, common mistakes, laws that work in your favor, well written sample dispute letters, credit bureau phone numbers, web sites, and addresses, settling bad debts AND getting the creditor to remove them from your file. There's tips for people who default on government student loans, divorce & credit, bankruptcy, judgments, old delinquent accounts, credit card fraud, everything imaginable. This book is available from them as a CDROM, as a book, or as an instant electronic download. By ordering the download, you can start immediately and it's searchable.

You Cannot Borrow Your Way Out of Debt!

Consolidation loans are DANGEROUS for impulsive people because all you are really doing is shifting all your debt from one place to another, effectively OPENING ANOTHER CHANNEL OF CREDIT, while freeing up your credit cards. Some idiots then proceed to fill up their credit cards again, now they have double the debt they started with, and they are paying up to 22% on their consolidation loan because they weren't paying attention to the APR when they signed up. Some Loan companies are real unscrupulous and make it look like they are eliminating your debt, or they hide the APR from you.

"You're a credit risk. The only way to make this deal worth while for us is to charge 18%. It's not our fault you have bad credit." If the dealer learns of your credit woes, they'll say "This is a great opportunity for you to re-establish your credit rating, since our bank is willing to give you the money."

They just want you at 18% APR. It will re-establish credit, but why not do it on something cheaper like a sofa or computer?

First Time Buyers And College Students with bad credit:
They have no established credit and fear they'll be rejected. Salesman program them by telling them "you'll probably be rejected". They tell you this is a good chance for you to establish credit, but it does not mean you have to pay a high APR. If you are a student working at the university, you may be able to get a loan through the credit union. Try there first, it's a great place for you to establish credit. Some students have their parents just buy the car for cash. This does not establish credit for you. You might be better off having them put down 20%, then you carry the remaining loan balance. Having a credit card under your parents' name does not establish credit for you. Pay down some of your debts and work on cleaning up your credit score before applying for a car loan. Try iCreditSearch, it is a credit search that finds a credit card for people trying to re-build their credit. Read and understand how the credit card operates.

Don't Forget Auto Insurance & Extended Warranties
Don't overlook this important part of car buying, you'll be in for a shock later. Get a quote on the car you want. You'll be surprised how much some new cars cost to insure. Insurers require a garage and alarm for Corvettes. Know your insurance costs before you buy a car, and plan your budget accordingly. My 25 year old friend pays $2400 a year for insurance on his 1997 Mustang, and the GT is even much more! That's $200 per month! This is where people make a big mistake, forgetting to include insurance in their budget. If you're buying a car on the hairy edge of what you can afford, insurance payments will drag you under. Insurance payments are part of your monthly cost of ownership. Read up on how to buy insurance, definitions of coverage, and how to avoid scams in our insurance chapter All About Auto Insurance. Auto insurance sites Comparison Market, GEICO and Progressive Auto Insurance give you free online auto insurance quotes, so be sure to get pricing from them too.

Extended Warranties
For extended warranties, try Warranty Direct. I review them in the section on How To Buy An Extended Warranty And Avoid Scams You want to get an online warranty quote before you go to the dealer, so you'll have something to compare the dealer's extended warranty price with. Never show up at a dealer to buy a car without a free quote from an online warranty site.

Know Your Car Before You Go Shopping!
Visit several internet sites and familiarize yourself with the car you want to buy, as well as the options available. I'll provide you with reviews of the free car pricing sites in the next chapter. Sites like Cars.com, InvoiceDealers, CarsDirect, Autoweb, Autos.com, Yahoo!Autos, Edmunds.com, and Car.com etc. provide MSRP pricing of cars, as well as what the dealer paid for the cars, and any known factory-dealer incentives, or factory-consumer rebates. Print out all the MSRP, dealer invoice, and rebate information, to bring with you as you shop around.

Find out if there's a rebate before you go to the dealer!
Most people think that all cars have rebates. You'll only see a rebate on a slow mover where the manufacturer needs to stimulate sales. You'll never see a rebate on a hot selling car, because they don't have to offer one, the car is selling itself. Sometimes you choose a low lease rate in lieu of the rebate. Some dealers may try to tell you there is no rebate so they can steal it for themselves. If you do not verify there's a rebate, the dealer could claim that there is no rebate when there really is one.

Go To Part 2: Leasing Glossary

Jump to any section. I suggest you read each chapter in order.
Part 1: Car Leasing Intro What leasing means, how it works, the advantages and disadvantages of leasing, and how to finance a lease.	Part 2: Leasing Glossary Glossary terms used in leasing, and how they are used against you so you'll be prepared for decisions in leasing your dream car.	Part 3: Lease Examples Real world leases with fees attached. A free Excel spreadsheet to calculate your monthly lease payments. How car dealers calculate lease payments.	Part 4: Web Sites To Use Reviews of discount car buying sites, determine how much dealers pay for cars, how to get ALG lease residual values. How to price your trade-in.
Part 5: Leasing Scams Federal leasing laws, and all the common car dealer leasing scams.	Part 6: Lease Dilemmas Money saving tips, getting out of common leasing dilemmas. What to do when your current lease is due.	ALG Residual Values Reviews of top leasing software and where to get ALG residual values. How to avoid lease payment scams.
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