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Tips On Car Leasing
by: Jeff Slokum
Leasing a car isn't for everyone. If you're like me and keep your car for many, many years then leasing isn't for you. If however, you don't get "attached" to a vehicle as some of us do, and you like having a new car every few years then leasing may be for you.

Today's cars are built very well and you can expect to get a good amount of mileage from your car. You can expect at least 100,000 miles. If you purchase a car you may have five years of payments, but your car may last eight to ten years. This means three to five years of no monthly car payments. However, as you car ages, the need for upkeep goes up too. With more mileage on you car things start to break down and costs to keep your car up mechanically may go up. It's doubtful though that what you pay out for maintenance and car repair will ever be as much as monthly payments would be.

When you lease a car you make monthly payments as you would if you purchased a car outright. But, when a lease is up you have nothing to show for it. These monthly payments may be somewhat less than if you were buying the car. Leasing a car usually requires large down payments and security deposits, taxes and fees. It isn't necessarily cheaper up front than buying a car. Also, when you lease a car you have mileage restrictions. A lease generally allows between 12,000 and 15,000 miles annually. If you go over that amount you pay for each mile. This can really add up.

Leasing doesn't mean you don't have to pay for upkeep. You are held to the manufacturers specified servicing schedule for your vehicle. If you don't have the required maintenance performed this can void your lease.
If you want to end the lease early there are generally large termination fees. At the end of your lease if there is damage to the car, or if there are missing parts you will be charged for them.

Make sure if you are considering leasing a vehicle that you understand all the fine print in the contact and all possible extra costs before signing on the dotted line.

About the author:
This article courtesy of http://www.bmw-fanclub.com


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Used Car Buying Tips
 by: Steve Gillman

Some of these used car buying tips won't be new to you. Often the trick is just to apply what you already know. On the other hand, when it comes to expensive areas of life like buying a car, one new thing learned can save you hundreds of dollars. Try some of the following.

1. Make a low offer. Okay, you knew this one. A trick you may not have used, though, is to make a low offer, and then leave your phone number with the seller. Time has a way of making sellers desperate, especially after you just helped convince them that they are asking too much.

2. Be careful with car price guides. Use the "blue book" etc, but try not to pay more than wholesale. I can't think of many times when people I know have paid more than "bluebook," so these "average" sales prices are doubtful.

3. Talk to people. This is one of the simplest and effective used car buying tips. Just let friends, family and others know you're looking for a car. Quite often people would be happy to avoid the whole process of advertising and showing their car if they could just get rid of it by giving a good deal to a friend.

4. Check out the engine. Have a mechanic look at the car, and tell you what it's likely to need in the next year or so. Then make a list, so the seller can see in writing why you are offering less than he wants.

5. Auctions. See if there is a public auction in your area. If not, maybe you can go with a dealer friend and give him a $100 to buy a car for you.

6. www.carfax.com. It's around $25 to run vehicle background checks for a month - long enough to find your next car. They'll show the chain of title, accident reports for the car, and even safety and reliability scores for that model.

7. "Ugly" cars. Watch for cars that sit on the lot for months. Dealers will often sell these "ugly ducklings" at a loss just to move them. Again, you may want to leave your phone number with a low offer.

8. Rental company cars. They are sold fairly cheap when they get the new ones in. Buy at bluebook wholesale or less, because they have had many different drivers, so they've more wear than normal.

9. Repos. Credit unions and some small banks do their own selling of repossessed cars. You usually bid on paper, maybe with a $50 deposit, and then get your $50 back if you're not the winning bidder. If they don't sell their own repossessions, ask where they are sold.

10. Consider gas mileage. High mileage may be better, but maybe a car that costs $500 less will use only $400 more gas in the two years you expect to own it. Do the math.

Use the tips here the next time you are shopping for a used car. Meanwhile, why not learn a few negotiating strategies. This helps in many areas of life, and is the most important of these used car buying tips.

About The Author
 

Steve Gillman has been hunting down obscure knowledge and useful secrets for years. Learn more and get a free gift at: http://www.TheSecretInformationSite.com

 



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