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What is a car lease deal and how do car lease deals work

What do I need to know about car lease deals? You might have this question running around your head every now and then. Actually, leasing is a financing method that is rather similar to loaning, but don’t file them together with apartment renting or car renting because it is not like that. You must learn the major differences of car lease deals to those of apartment leasing to avoid the big mistakes that people often make. Why auto lease deals give more benefits rather than buying one? Our website here is dedicated in giving you that much information and more.

Car or auto lease deals are becoming popular since new car prices are whirling upwards in a fast phase that average buyers are not able to reach them, so it becomes an alternative option. Of course we would recommend you to know what leasing is first before deciding on one. These average buyers and others too then can’t afford to buy one since there are also an increase in housing, food and their everyday necessities. Engaging in leasing or considering a car lease deals then gives them the opportunity to drive the car they want for less money and hassles.

To give you an idea why car leasing deals are more beneficial here’s a quick facts that you should consider. Usually when deciding on car lease deals, you can get a brand new car every 2 or 3 years. You could also be able to afford car models that are expensive since you would be paying a lower monthly cost in comparison to a loan. You see, after learning the basics of leasing it will become your alternative option when the budget gets tight.

Learning about car lease deals would also prevent you from making the wrong decision and future problems. Some of these problems are finding out that car leasing is not for your driving needs. This is because some people would want the leasing contract to end early, or they want to drive more than 15,000 miles per year and would want to customize their leased car. Usually, car leasing won’t be able to handle that.

Some would problems in their car lease deals because they go outside the terms of the contract that they have signed. Be well aware of the terms if you do decide on one. Such terms can be the your monthly mileage or the condition of the leased car. Usually when you go outside any of these terms a penalty cost is charged or it could be a reason of an early termination of the lease contract. This is why understanding on what makes a good car lease deals and what you should know about it is an important matter.

These are some of the benefits and responsibilities you would have when engaging in car leasing deals. Our site then will help you in making your decision if car lease deals are for you and what you should look out for and what you should consider.

5 Important Facts about Car Lease Deals

When it comes to cars, car leasing is slowly rising towards fame nowadays than buying or purchasing cars and this is because of the any advantages of this method especially in terms of finding the best car lease deals. If you have not yet considered car leasing, read the advantages of car leasing and getting good car lease deals.

  1. Car leasing is cheaper than buying cars because you are likely to find and get the best car lease deals than when you buy a car. While a car normally costs a lot when you buy it and you have to place a down payment that’s also hefty, leasing a car is different because the car lease deals you will get are way cheaper than the normal cost of buying a car. You don’t need to pay the full price of the car when you lease, so you could really save a lot of money in owning a car. This is especially good for people who need a car but don’t want to buy one because of the high cost.
  2. Leasing a car allows you to choose the kind of car you want to lease. If you buy a car and you don’t have that much budget, you are forced to just get any kind of car and you are probably allowed to choose the cheapest car that will fit your budget range. While when leasing a car, one of the good car lease deals is the fact that you have the freedom to choose the kind of car you want to lease. This means you can choose luxury cars or your dream car and even the car you don’t expect you’d get to drive. Car lease deals do not limit you to only a certain kind of car.
  3. There is less expense when leasing a car. Aside from the heavy cost of buying a car and the hefty down payment you would spend, you are also guaranteed to have fewer expenses considering the fact that you don’t have to worry about over beautifying your car, putting gadgets on it, etc. because it is not your car and you only leased it.
  4. You have less responsibility with the car when you lease it than when you buy it. When you buy a car, you are expected to be responsible about it especially when it comes to maintenance and repairs and this can be a headache to you. But when you lease a car, you don’t have to take full responsibility over that car and in terms of maintenance and repairs the car lease owner takes full charge of all that.
  5. Leasing a car insures the car instantly so you have the benefit of having peace of mind. There is so called gap insurance available automatically with car lease deals. This means your car is covered with insurance already so in case of accidents, you don’t have to worry about the cost of repairs and you don’t need to get money out of your own pocket to finance these repairs.

The question now is how to find the best car lease deals. Let’s face it, the reason why you are considering leasing a car is because you can get good car lease deals than buying. So, obviously, you’d want to make sure you get the best car lease deals here, right? With this, you should know what you are looking for in the best car lease deals.

What to Look For In Car Lease Deals

The PRICE. When we say, car lease deals, we instantly think about the price. And when we think about the price, the best car lease deals are always the ones that offer lower monthly fees. That is what you should look for. Look into their fees in monetary terms and see if it is reasonable enough.

The CAR. When we say car lease deals, of course, we also think about the kind of car we are getting. You might get low prices for your car lease but you get a kind of car you can buy cheaply at a junk shop and that is still not the best car lease deal. You should look for car lease deals that offer lower fees along with the freedom to choose the kind of car you really want.

The INSURANCE. Insurance is very important and is one of the best car lease deals you could get. We cannot guarantee to avoid accidents at all times and when you do meet an accident with the car you just leased, it could be frustrating to spend the hefty cost of repairs for a car that is not even yours, right? With this, you have to make sure that the car you are leasing will be covered with insurance already.

So, to start shopping around for the best car lease deals start LOOKING AROUND. You may see signs and posts, ads and banners that promote the best car lease deals in town. Watch out for these ads and you might find the best car lease deals you are looking for. Try LOOKING ONLINE as well as you will also find a lot of ads online offering the best car lease deals. Do not forget to LEARN THE STANDRD car lease deals especially in terms of the prices so that you won’t be ignorant about it and so that car lease companies cannot take advantage of your ignorance. There are also REPUTABLE COMPANIES out there and you should look into one of these companies. With reputable companies, you are always guaranteed of the best car lease deals.

If you want to get a car but you hate the responsibility of owning one and you don’t want to pay a high price buying it, no doubt car leasing is the best option, but remember that when you are going for car leasing, it is now your responsibility to look for the best car lease deals that will make this car leasing option extremely better than car buying.

Drop by often as we would be updating constantly with the latest informative reviews, guides and tips about car lease deals and other related topics.

What if I am over my lease mileage limit?

There are many benefits to leasing a car, but there are also a few limitations to deal with, and one of them is the lease mileage limit. The following will explain everything you want to know about your mileage limit and what happens when you go over it.

Why is the Limit Vital?

The leasing company does not have ulterior motives when they set those mileage limits. What you should keep in mind is cars depreciate, and you are just paying for the estimated depreciation value during your lease. This estimation includes a specific range of miles, which is the reason you are limited.

Every mile driven takes away from the value of the car, which is the main reason leasing companies put these limits on you. The problem is leasing companies do not check on you to make sure you are honoring your contract. The company is going to just count the total miles at the end of the lease.

 

What happens if you go over the car lease mileage limit

What Happens if you go Over the Limit?

It can be hard to keep tabs on the number of miles you drive in a month. This is not to say that it is impossible rather that it is a little difficult. A person’s life is filled with many distractions, from work to children, so many people just do not have time to pay attention to the amount of miles that are driven each month.

First off, it is important to remember that the charges for the extra miles you drove are not really penalties. You are paying the leasing company the unexpected depreciation that you inflicted on the car. You agreed to not exceed the limit, but you did.

The rate you end up paying per mile depends on the leasing company and the car itself. Of course, cars that do not cost much will have lower rates than mid-priced cars or even luxury cars. You have to remember that you agreed to how much you were going to pay per mile when you signed your contract, so there is no wiggle room there. Most economy vehicles charge about $0.15 per mile while mid-priced cars can be $0.20 or $0.25 per mile. Those who lease a luxury car will likely pay up to $0.30 for each mile they go over. You have to pay the total accumulated amount at the end of your lease, too.

There is a lot you can do if you know you are over your mileage limit. For one, you can stop driving and start using other modes of transportation like public transportation, carpooling, or ride-sharing apps. Doing this should definitely save you money at the end of your lease.

Some people decide to just buy the car and avoid paying the extra miles, but this is not always the best idea because the costs of buying the car often exceeds what you would pay for those miles.

You should also avoid the idea of returning your car early just because you found out that you went over your limit. Early termination fees and penalties are simply too much to deal with, so it is better to adjust your lifestyle for the remainder of the lease. It might be a good idea to start calculating how much you are going to owe in additional fees now. This should give you a good idea of how much money you should save so that you can pay those miles without it hurting so much.

Those who merely suspect that they went over should check as soon as they can so that they have more time to prepare for the charges that you will not be able to escape. You should also download apps that help you calculate how many miles you are driving per day from now on. Every mile driven is one more that you are going to have to pay at the end of your lease, which makes it pretty important that you know how much you are driving every time you start your car.

You should also consider calculating just how much you actually drive per year. Knowing the estimated amount of miles you need every year should give you an idea of how many miles you need to buy the next time you lease a car. The miles you purchase at the beginning of your lease are non-negotiable, so knowing the exact amount of miles you need per year should help prevent this issue from sneaking up on you again.

You can talk to your car leasing agent if you have additional questions about your mileage limit or the fees that you are going to pay at the end of the lease. Hopefully, you found out early so that you can use some of the suggestions here. Do your best to pass along this information to friends or family members who might appreciate the tips, too.

Is it Possible to Lease a Used Car?

Car Leasing Questions: Is it Possible to Lease a Used Car?

Those who have leased a new car know that it comes with a lot of benefits worth smiling about. Perhaps this is the reason some ask if it is possible to lease a used car. Leasing a used car would mean lower monthly payments with perks that simply do not come with purchasing. You will be happy to know that you can lease a used car, but this is a pretty small market.

The Appeal of the Used Car

There is no doubt that used cars are appealing because they are priced lower than new cars. Depreciation has already slowed down, which should help keep the monthly installments desirable. Of course, one of the best perks of leasing a used car from a dealership is they are certified.

Leasing Perks

Of course, you will return the car once the lease term is over. You know that purchasing a car could force you to pay those payments five to eight years. That is a pretty big commitment that those leasing do not have to deal with since most lease terms last about two to four years.

All this might sound good to you so far, but now you are wondering why used car leasing is not popular. The truth is that there are a few reasons why this is the case.

Why Used Car Leasing is Not Popular

Leasing a used car represents a greater risk to you and the leaser, which is one reason this type of leasing has not caught on. This is not to say that there are no ways to reduce the risk. Most people know that a car that is three years old is twice as likely to have car problems than a one-year-old car.

The warranty could be gone meaning repairs are now going to come out of pocket, and you know how expensive auto repairs could be, not to mention the hassle of finding a trustworthy mechanic. There are a number of things you can to reduce this risk. For one, you can make sure that you keep up with your maintenance appointments that should help prevent major problems. It is also important to consider purchasing the bumper-to-bumper warranty that is offered, and it should last the entire lease term. This should make it easier to avoid car repair expenses.

It should also be noted that predicting how much a used car is going to be worth at the end of the term is a little harder. A leaser that believes the car will not be worth much might make the payments higher than they should be. A dealership that predicts high value retention might make the car’s price higher than it should be.

What you want to do is make sure that you study the cars you are going to lease. It is up to you to find out which cars may retain their value better than others. One thing to remember is that most luxury cars retain their value and so do sports cars and a few SUVs. Try to go online and figure out what car works for you before you lease your used car.

You can also ask the dealership itself or a number of them to figure out which cars they believe will retain their value well. You want to stick to those cars so that you will end up paying a reasonable monthly payment without paying more than you need to.

Yes, all this does seem like you are going to be working more than you would have if you just leased a new car, but try to remember that you will not be paying large monthly payments or a big down payment that can hurt a person’s finances.

Be sure you remember some of the following tips when you lease a used car:

–Leasing a used car means there may be some wiggle room. Try to bargain with the dealership to get a better deal. There may be some resistance, but the likelihood of them figuring out a way to accommodate you is high as long as you are persistent.

–You want to make sure that any warranty offered lasts as long as the lease does. Remember, you still have the option of purchasing a car service contract from a third party, so use this fact to see if you can get what you want.

–This is a used car, so make sure you treat it as such. You want to make sure you inspect its history. Vehicle history reports are online and should be able to reveal major accidents or any other information that you can use to get a better deal if you still want the car after reading the report.

–Be sure to talk to a trusted mechanic to have the car inspected. Yes, the car has been certified, but a third party could double-check and give you an unbiased diagnosis.

Hopefully, these points made used car leasing a little easier to understand. Now, you just have to figure out if this is the best choice for you.

What are my end of lease options?

What are my end of lease options?

Upon reaching the end of your lease, you’ll need to decide what to do with the leased vehicle and figure out your plans going forward. To help you decide, here are several common options you can choose at the end of your lease.

Returning Your Leased Vehicle to the Dealer

This is the most common option that people choose at the end of their car leases. The leasing company will typically get in touch with you a month or two before your lease contract ends with information regarding returning your vehicle or purchasing your vehicle, if you’d prefer to go that route.

There are a couple things to keep in mind when returning your leased vehicle. Every lease contract includes a mileage limit. For example, you may have a contract with a limit of 12,000 miles per year and 36,000 miles total on a three-year lease. Or you may have a limit of 15,000 miles per year and 45,000 miles total. If you’ve exceeded that limit, the dealer will charge you overages, which are typically between 10 and 30 cents per mile. The only way to avoid those overage charges would be to purchase the car instead of returning it.

The dealer will also charge you if there is any damage to the car that exceeds the standard wear and tear. Check your lease contract to see what constitutes standard wear and tear. For anything more than minor scratches or dings, you’re better off getting the damage repaired yourself before you return the car.

Buying Your Leased Vehicle

Your lease contract will have a purchase price for the car, and if you’d like to keep the car, you can buy it for that amount. The purchase price in the contract will be the car’s residual value, or the value it still has after factoring in how much it depreciated over the years while you were driving it. Keep in mind that you can attempt to negotiate the purchase price with your lease company.

It’s a good idea to compare the purchase price in your lease agreement with the car’s current value. Since the lease company can only estimate how much the car will depreciate, it’s possible that your leased car has depreciated less than they thought it would, in which case you can buy it for below its current market value. Buying the car is a smart move in that situation.

You should also consider buying the car if you’ve gone well over your mileage limit or the car has sustained some damage and you don’t want to get it repaired. Run the numbers to see how much you’d spend on overage fees or repairs, and then use the results to make your decision.

Extending Your Lease Agreement

Some lease companies will allow you to keep your lease going and make monthly payments for the same amount. This usually isn’t the best decision from a financial perspective. Cars depreciate the most during the first couple years. You’ll be paying the same amount per month even though the car is depreciating less than it was before. However, if you’re unsure what you want to do, extending your lease can buy you some time.

Setting Up a New Lease

While used car leases are far less common than new car leases, they are an option, and you may be able to start a new lease with the same car. The difference between this and simply extending your lease is that you’ll have lower monthly payments, since you’re now leasing a used car with less value. You’ll need to commit to a longer agreement than you would if you extended your lease, though.

Using Your Leased Vehicle as a Trade In

Lease companies don’t mention this option, but if the trade-in value of your leased car is higher than the purchase price in your lease agreement, trading it in may be an option. If so, you could trade it in towards a new car that you either lease or buy.

It can be difficult to decide what your best option is when your lease ends. What’s most important is choosing the option that benefits you the most financially.

First, you’ll want to see how much your leased car is currently worth in comparison to the purchase price in your agreement. You’ll also want to figure out if you’ll owe the leasing company any money in fees or repairs. And, of course, you should consider if you actually want the car. Returning the car is often the most convenient option, but there are situations where buying the car, trading it in, extending your lease or setting up a new lease could be in your best interest.

Can I Remove a Co-Signer From a Lease?

Can I Remove a Co-Signer From a Lease?

Leasing a car is a popular option, especially for those who like to get a new car fairly often and pay a lower monthly payment. Millions of people, however, don’t have a high enough credit score to get a lease on their own. This might be caused for a number of reasons from no previous credit history to a bankruptcy, tax lien, or multiple late payments. In this case, a person can still get a lease, but they will have to get a co-signer. If you are in this situation, and you want to remove them from your lease, what are your options?

Removing a Co-Signer from Your Vehicle Lease

Unfortunately, the process of removing a co-signer from a lease isn’t extremely easy, though it is possible through a roundabout way. You can’t simply contact the lender and say you want to remove your co-signer. Instead, you have two main options that you can consider: getting out of the lease or buying the car through a refinance.

Getting Out of a Lease

One option you have to remove a co-signer from your vehicle lease is to terminate the lease. If you want to end your leasing agreement early, it is possible to do this. However, there are substantial fees that you must pay in order to do it. First, there is an early termination fee, which is seen as a penalty for cancelling the lease agreement early. The fee varies from lender to lender, but you should expect to pay at least $200, but usually less than $500.

On top of the early termination fee, some lenders will also charge a depreciation fee. As you might know, a car starts to depreciate as soon as you drive it off the lot. In other words, it loses value. When you break the lease contract early, some lenders require you to pay a fee for the loss of that value. You don’t have to pay that if you keep the lease until it expires, but if you break the contract early, odds are good that you will see this fee, too. Unfortunately, it’s not possible to give a range here, as this fee is calculated based on the value of the car and how many months are left in the lease. This varies from person to person.

You also might consider a lease transfer to get out of your lease. A lease transfer is when you literally transfer an existing lease agreement to another person. This is definitely the most cost-effective method of getting out of a lease, but not all lenders allow their lessees to do this. On top of that, you have to go through the process of finding someone to transfer the lease to.

Buying the Car Through a Refinance

Your other option to get a co-signer off of a lease is to buy the car through a refinance. This might not be an option for everyone, though, because again, this is based on credit worthiness. If you required a co-signer for a lease, odds are good that you will also require a co-signer for a refinance.

The first thing you have to do is look at your vehicle’s payoff information. This is the amount of money that you will need to pay off the car, and it is the amount that you will have to pay or finance. Once you know this amount, you will then have to look into lease refinance offers from lenders. You can often find out this information online, or at least find some lenders who are willing to work for you. Keep in mind that these offers are dependent on your credit worthiness, too, so depending on the interest rate you get, you could be paying several hundreds or thousands of dollars over the value of the vehicle.

When you have obtained your offers, you must make a choice on which offer is best for you. Remember, you will be locked into this contract for several years, in most cases, so make sure that the payment is something you can afford. Also, keep in mind that odds are good that your new monthly payments will be higher than your lease payments. However, when you pay off the car you will have full ownership of it, and then you can use the car’s value to put down on a new car.

 

The Role of VoIP in Business

VoIP, also known as Voice over IP is an emerging technology that allows a user to make phone calls using the internet or over local area network (LAN). Most businesses are switching to this new technology that enables them to use their broadband internet connection to make and receive video phone and voice calls. The beauty of Voice over IP is that it is a less expensive technology as compared to the traditional calls.

How VoIP works?
It is a technology that entails a series of transmission that enables communication to take place over the internet. The technology changes voice vibrations to compacted digital signals that transform to Internet Protocol (IP) packets. The technology used in VoIP is straightforward. The best part is that businesses need not buy sound cards or microphone. Instead, they can buy adaptors and or VoIP handsets.

Essentially, VoIP enables businesses and computer users to place telephone calls from a desktop computer as long as it has a VoIP phone. VoIP-based communication services are usually compatible with the traditional global phone network. That means that businesses can still use the new VoIP tools to make and receive calls from traditional phone numbers. You just need to add a desktop VoIP software tools to your Mac to enjoy the advantages of internet calling.

Companies are coming up to connect your VoIP call to traditional telephone numbers. Businesses that want such services will get it at a fee. Additionally, some telecom firms are investing in creating their private IP networks. Companies that use their VoIP services have their data routed through their private system; therefore, the quality of services is enhanced. Telecom companies are doing this to not only compete with the public internet firms but to make calls efficient by using IP and Packet-Switching, which is efficient.

How VoIP works for a business
Your business can reduce costs, enhance collaboration, and improve productivity by just adding voice to a data network. Businesses save money by managing one network instead of two. It allows you to add, change or move phone extensions and locations, which offers flexibility and saves money. Wireless IP phones can connect users to the company’s communication system and data resources. Additionally, VoIP allows your employees to use communication system from wherever they are from their homes or even while they are on the road.

Cross-platform connections
Some VoIP products like Gizmo Project and Skype operate on Windows and Linux. However, Apple’s iChat AV operates only on OS X. Skype, iChat AV, and Gizmo Project enable businesses to host video conference calls or multiparty calls. They are simple desktop VoIP applications that make conferencing easier unlike expensive high-end conferencing platforms made for large companies, which is usually connected to a telephone system.

However, note that additional features cost money. Making important calls is free, but more advanced features are not free. For instance, Gizmo Project allows businesses to forward incoming calls to other cell phones, but at a fee. Additionally, a company would have to pay an additional fee to get a permanent phone number from Skype known as Skypeln number. SightSpeed also offers extended video messaging and conferencing features for subscribers who pay for the service.

Advantages of VoIP for your business
VoIP technology has increased the overall product of businesses by enabling workers to multi-task without disruption. The technology also allows businesses to allocate funds that used to be spent on conventional phone bills to more essential aspects of the business. Users in an organization can conduct virtual meetings and attach documents. VoIP installation is not as technical as most people think. VoIP installation does not require separate electrical wires, unlike the traditional telephone systems. Business of all sizes, ranging from nyc dwi lawyers, to nyc personal injury lawyers, can use voip for business.

You need to consider all the options available when you have decided to use VoIP technology. You can go through different buyers’ guide to be enlightened before installing the technology in your business. The advantages of installing VoIP for your business are irresistible.

can i extend milage on a car lease

For all its benefits, leasing a car also comes with stipulations and limitations. One in particular is the mileage limitation. That you are wondering whether it is possible to extend the mileage on your lease means you are concerned. Many people find themselves in similar situations. Some may not find out that they have exceeded their limit on miles until the lease ends.

The following information might prove useful if you want to avoid this costly surprise before returning the car to the leasing company.

Why do Car Leases Have Limitations on the Mileage?

First, it may help to understand why mileage limitations are part of your car lease agreement. Generally, age and the more cars are driven cause the value to depreciate. Your lease payments are based on the expected depreciation as you drive. This represents the residual value when the lease ends.

During a 36 month lease, for instance, a car is not expected to be driven above 36,000 miles. The lease-end residual value would be higher than the same car at 45,000 miles.

Allowances for lease mileage are considered annual miles. Leasing companies do not check the miles driven each month. The total miles driven when the lease ends is what counts and what needs to be managed.

What Happens if You Exceed Your Mileage Limit?

Charges for exceeding your mileage limit are not penalties. Rather, the charges are to compensate the lease company for a higher depreciation and lower residual value when the lease ends, which is different than the original agreement.

You are charged a per mile rate for the additional depreciation. Mileage fees may vary, but the general rule is broken down as:

• $0.15 per mile for lower priced cars
• $0.20 per mile for mid-priced cars
• $0.25 or more per mile for higher priced cars
• $0.30 per mile for some luxury models

Based on the type of car you are leasing, the rate is specified in your contract and is nonnegotiable.

How to Know if You Exceed the Mileage Limit

To know whether you have exceeded the mileage limit per your contract, you can do a manual calculation. Look at the mileage on the car and divide it by the number of months you have been leasing the vehicle. Any overage is based on the annual allowance in your contract.

You can also use online or mobile applications to track and calculate your mileage usage. These work similar to the manual method, except the computer does the calculations for you.

Either option is a good tool to determine how well you are doing on mileage. Additionally, this can offer some insight on where you will be at lease-end and how much you could owe.

What to Do When You Have Exceeded the Mileage Limit

Once your lease begins, you will not be able to change your mileage allowance. Therefore, if you know that you will need to drive extra miles for business, leisure, etc., you may want to buy additional miles before signing the contract.

If you have already exceeded the miles of your lease, you have several options before the lease ends:

• Carpool, work from home or use public transportation
• Reduce your time on the road by eliminating some trips or consolidating a few trips into one
• Take shorter routes
• Drive a rental for long trips
• Start saving money for the estimated overage charge
• Purchase the vehicle when the lease ends and you will not pay the mileage overage charge.

Otherwise, you can expect to pay a fee for the excess miles. Do your best to stay within your limit now or prepare yourself now to avoid any surprises.