There are two ways to get a car, lease or buy it. In tough times, leasing is usually a good bet because it is cheaper and you can get short term used car leases. Naturally, when you look at car lease finance offers, you want to get the best Brooklyn Car Leasing, NY special offers that you can. Here is some ways to get those offers – and save money.
· Shop Around
First, you want to shop around to find a car to lease that will match what you want…including cost. Never ever go and lease a car at the first place you look at. You want to see prices and you want to see what kind of offers you get for your business.
Also, by shopping around you can do the next tip?
Get Dealerships Working Against Each Other
When you shop around, you can then find great deals, but you can also learn what dealerships are offering and what the top car lease deals are. For the best car lease finance deals and car leasing special offers, go to each dealership and do the following:
- Tell them what the other dealership offered you
- Find out if they can beat that offer
- Go to the other dealership with the offer from the other dealership and see if they can beat it.
You continue to do this over and over and before you know it, you will have cut down the cost of your lease greatly. That way, you use the competition of dealerships against each other and get yourself some great car leasing special offers. Doing this can create car lease finance deals you never even thought possible, so give it a try.
Car Lease to Keep the Cash Flow
On paper it is hard to justify car leasing as the cheapest way to purchase (or have access to) a new car. By the time you add up the costs involved and compare it to buying a car for cash, you can see that the total value will exceed the value of the car. So why would anyone consider car lease at all?
The main reason is that you do not need to take you capital earned and put it all into a car that will inevitably depreciate in value. For many it could be they want a particular type of car, but do not have the cash to buy. So leasing is the only option, but for many wise business owners who do have the cash, there are other reasons.
One business reason is cash flow. During this recession, it is often the business with the best cash flow that survives and those that have a poor one that will falter. Even businesses that on paper are profitable are going to the wall because clients are not paying their bills on time. So by keeping as much money in the business at all times can help a business get through the rough times. When a business needs new vehicles, choosing to keep the capital in the business and lease the cars and vans instead can keep the business and its employees moving, but help its survival too.
More Money from that Investment
The option of car lease can also help in good times also; take an entrepreneur for instance. Supposing this business man chose to lease his car and use that money to invest in a new business venture, is it possible he could make more money from that investment, than the saving he would have made by buying a car rather than leasing. In most cases the answer would be yes.
Having money either to invest in the business or just be there for extra cash flow can have a far greater value that the extra payments on the car that has been bought rather than leased.
But there are more reasons to consider when leasing a car. If for instance something goes wrong with your vehicle, because you do not own it you have a legal right, for the lease company to get it fixed or replace it as well as the car manufacturer. In fact it is estimated you have 70% more rights as a consumer lease a car than if you actually owned it. Then if you consider the cost of lease payments against a loan payment, you can also see arguments that need considering. A loan payment is based on the value of the car bought, but a Auto Lease Broker Brooklyn, NY is based on the difference between the buying price and that value when it is handed back after the lease period. That means it is possible for lower priced cars to cost more to lease than higher priced cars, if the depreciation value is lower. Certain popular German cars have very low depreciation and can cost less to lease than other European cars that may cost less to buy, but depreciate more over the lease term.
Although not for everyone, car lease should be considered from a business perspective, to establish the real cost of motoring against the real cost of taking money out of your enterprise.
