If you can’t afford a huge sum to buy a new car, you have another option – you can pay much less and rent a car. How do you rent a car? Well, all you have to do is make a small down payment and then make monthly payments for the term of the lease. You will return the car when the term ends. Read on for tips to help you rent the right car.
Type of car
First of all, you need to decide which car you need. Do you want a sedan, an SUV or a convertible car? This is an important consideration.
Choose the right model
You should create a list of cars that are in your price range. To reduce non-lease costs, you can opt for models with a high level of reliability, good fuel economy, and safety features, just to name a few.
Take a test drive
As soon as you have listed a few models, you need to test drive each car. Be sure to consider visibility, comfort, steering, braking, shock absorption, and internal car noise.
During the test drive, you should ask the seller about the ESC, ABS, and other safety features. Remember: safety should be your top priority.
Compare different lease offers
Once you have all the details of the dealer, you need to compare the offers and decide how much you will pay each month.
Negotiate the price first
Before you go back to the dealership to make a deal, you need to negotiate the purchase price. Once you’ve negotiated the price, you need to go ahead and let him know that you want to lease the car. This is important because your monthly payments will be based on the price of the car.
Negotiate the price
You must negotiate the price of the car. If you want to know the prices of new cars, you can go to Consumer Reports. The price of the car will be between the manufacturer’s suggested retail price and the dealer’s wholesale price.
Avoid the talk
Remember: your salesperson may pressure you to close the deal based on how low you will pay each month. However, this will increase the total amount that will be paid over the term.
If you make a larger down payment, your monthly payments will be lower. Failure to make each payment on time will result in penalties. Therefore, you must take this point into account. Likewise, if you return the car before the deadline, you will still face a penalty.