Car Lease Advantage

01/05/2021

I made $6,000 at the end of my last lease.

By understanding how lease equity works, you may be able to do the same.

Read this post before you turn in your lease or before you let the dealer help you end yours early.

Equity is a term that means the value you have in something after all of the debts on it are paid off. To find your equity in something, take the item’s value and subtract out what you owe. If your house is $300,000 and you owe $200,000, you have $100,000 in equity.

01/03/2021

Want to learn more about your current lease offer and find out if you have a good deal in your hand?

Check out our new Lease Grader tool.

Enter some info on your current offer and we'll tell if it's a good deal. If not, we can help find you a better one!

That’s the single most common question we get asked. In fact, in a lot of ways that question is what kicked off this business. A few years ago, I wrote this viral post on Reddit explaining how car leases actually work and teaching people how to get the lowest price possible.

01/03/2021

There's more to negotiating a good lease payment than just pushing for a lower price.

Here's a quick tutorial. Want to learn more? Message me here or email me at [email protected] and I'll send you the full ebook for free!

Most people approach a lease negotiation by simply contacting multiple dealers and pushing them back and forth for lower prices. This can be effective, but is usually a huge waste of time and often results in paying more than expected. It’s very unlikely that dealers will give a quote that include...

01/03/2021

Almost every day someone asks us to find them a deal for under $100 per month. They tell us their buddy's friend is leasing a Lexus for $200 per month or their sister's Honda was only $99 per month.

These deals don't exist. Period.

When you hear about deals like these, just realize that there's something missing. They had a trade-in, they aren't counting their fees, or they're ignoring the fine print.

Want a breakdown of why lease ad's are misleading and how to analyze the fine print? If so, check this out:

In my last post, I discussed some terms often used in lease deal. In this post, I’ll breakdown the fine print of a lease advertisement so that you can see how an advertised lease deal is usually not as great as it sounds.

01/03/2021

Leasing a car is confusing because it involves a lot of terms you don't hear anywhere else.

When you buy a car, you either pay for it in cash or get a loan for a certain interest rate.

When you lease, you need to understand money factors, residuals, cap costs, and acquisition fees.

Check out this post to learn more about what each term means.

https://www.carleaseadvantage.com/glossary-of-some-lease-terms/

01/03/2021

Ever wonder how a lease payment is really calculated and what you can do to negotiate a lower payment?

I did a 30 minute webinar on how a payment is actually calculated by the bank, with some in-depth discussion on what each piece means and what you can do to control the variables in your favor.

Some good tips on how to negotiate with the dealer as well.

Enjoy!

https://www.youtube.com/watch?v=eQYEpTSq37U&t=891s