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Leasing Tips
10 Steps to Leasing a New Car
Step 2: Checking incentives and special lease deals.
From Edmunds.com
Video highlights of this article
Car manufacturers commonly offer lease
specials. This is a good way to shop for a leased car because it can save
you even more money. However, the specials might have hidden costs that are not
clearly identified in the
lease ad. You should always check to see if the promised monthly payment includes
sales tax and fees. Also, does the advertised lease require a large down payment
(sometimes called a "cap reduction payment" or "cap cost reduction"), bank fees
and a security deposit? What about the annual mileage limit? These are questions
you want answered long before you're closing a lease deal.
Edmunds.com compiles and regularly updates a list of lease specials. Check the
"Incentives and Rebates"
section of the site to see what is being offered in any given month. Be sure to
confirm the specific make, model and geographic region that the incentive applies
to.
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