Leasing a car is not something to be entered into lightly. There’s a few questions to consider if you’re thinking about a new car lease. To not consider these points is to cause yourself many headaches later on in your car leasing career. These are the questions to run through your brain before you enter into a very serious and final agreement.

Plan On Ending The Lease Early? Most leases are cleverly written to lock you into a certain rate and time period. Ending your lease early only benefits you, that’s why the contract makes it pretty much impossible for an early termination. If don’t have a solid career or job, re-think this. If you are living paycheck to paycheck, maybe saving up and buying something older is the smart way to go. Consult with this company, to exit your car lease early with no penalties.

15,000 Miles Isn’t As Much As It Sounds Like. Leases allot you a certain amount of miles that you are allowed during the term of your lease. It’s like an allowance of the miles you drive. There are hefty penalties at the end of this road. It’s called “excess mileage” fees and they add up real quick. You could purchase some ‘miles’ when you sign up for your lease at a lesser cost, but it depends.

Planning on customizing? This car does not belong to you. You may not repaint or modify or install anything on this car. Ultimately, you will be charged to un-do your creative changes.

Want to run a car into the ground? Now is not the time to mistreat a car. The leasing company will demand that you return their car to them in the exact way you drove it off the lot. Sure, there’s going to be a little wear and tear, but, anything else and you’re paying for it. Any type of damages, normal or otherwise, is all your fault. You must keep full insurance coverage on your car. Don’t make the mistake in thinking that the leasing company is responsible for this stuff. You are paying to drive their car and you will return it to them in great shape.

Getting seduced by the newest style car? These cars deplete in value as soon as you drive it off the lot. This also means that their ‘residual’ value will be lower. This really means higher monthly lease payments. Bottom line, you pay more for a car that will be worth less after your done.

Don’t get too attached. You do not own this car. At the end of the day, it doesn’t belong to you. You do not build up equity, as when you buy with a loan. You could always choose to buy at the lease end, which only thirty percent of buyers actually do.

Credit not so hot? If your credit is crappy you’ll have a larger monthly payment, mostly because of the risk. Your risky past track record will result in high interest and maybe even refusal. (Before you negotiate, it’s a good idea to check your credit score.) However, if you are used to paying on time and don’t have too many credit cards, you’ll be fine. Get All 3 FICO Scores and Credit Reports!

Strap in for a long ride. .. A lease can last up to four years. This means you will always be making payments. Don’t fret, you’re paying to drive a sparkly new car that is under warranty. Most people don’t mind paying for their peace of mind. If you think that higher monthly payments and eventually being payment free is more your speed, than buying is for you.

Healthy as a horse? Being healthy is a key point of leasing. If you die, your lease goes on and on. If you break a leg and can’t drive, you still lease. Lease is not rent, they are serious financial obligations.

Important! Before You Go To The Dealer To Lease, Make Sure You Know The Following Information:

• What Insurance Are You Geting? We reccomend AIG Direct or 21st Century for the most relaible and inexpensive young driver insurance. You can also check NetQuote.com to compare Insurance Prices around the web. Also relate to our Complete Guide On Auto Insurance

• Have You Read Our Guide On Buying Used Cars? Read This

• Will You Need A Loan? We reccomend using MyAutoLoan.com
  or Any-Credit-Auto-Loan.com

• Do You Have Good Credit? Why not check for Free with Equifax.