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Tips to get the best car leasing deals

Tips to get the best car leasing deals

Leasing a car is one of the popular ways of financing a car, especially if you have just started working. However, you need to be on guard against expensive car leasing deals, especially if you have never leased a car before. Leasing a car involves jargon that is not commonly used while buying a car, or even while applying for a car loan. However, to get the best car leasing deals, you must familiarize yourself with the leasing process. Read on to know some handy tips that can help you get affordable car leasing deals.

Learn the jargon

Some terms are exclusive to car leasing, and you probably won’t hear them anywhere else. Therefore, get familiar with the everyday jargon that is used in car leasing deals. This way no dealership will be able to swindle you into an unprofitable deal. To get started, here are some common car leasing jargon terms that you must understand: capitalized cost, cap cost reduction, money factor, residual value, buyout price, acquisition fee, disposition fee, due at signing, and purchase option fee.

Choose the car wisely

When you’re leasing a car, you’re essentially paying for its depreciation. Choosing a car that has a low depreciation value essentially means that you’ll be paying less on your lease. Moreover, cars with a good resale value have a strong residual value. This means that the car will have a higher value even at the end of your lease term.

Know what you can and can’t negotiate

This is where understanding the car leasing jargon comes handy. Certain aspects of car leasing deals can be negotiated, and certain terms such as residual value, acquisition fee, disposition fee and purchase option fee, and registration and tax amount are non-negotiable. To get the best deal, focus on what you can change, and negotiate terms that are favorable to you. It is recommended that you strongly negotiate on capitalized cost, money factor, cap cost reduction, buyout price, mileage cap and charges, and trade-in value.

Check lease deals

When a car isn’t selling quickly, carmakers usually offer lucrative lease deals to get rid of it. While this sounds fishy, it is also your chance of getting affordable car leasing deals. In such cases, you can negotiate to lower your monthly payment and sing-in amount.

Calculate the total cost

A lower monthly payment is tempting, but it might not necessarily help you save more money. Therefore, calculate the total amount that you’ll be paying to avoid falling for such offers. This includes the down payment, taxes, and other applicable fees. To get the best car leasing deals, you should compare offers from various dealers and opt for the one best suited for you.

Estimate the mileage you need

It is important that you have a reasonable estimate of the number of miles you’ll be driving before you decide on leasing a car. Overshooting the mileage limit can be extremely costly, and can negatively affect your budget in the long term.

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4 Small Pickup Trucks to Choose From

Small pickup trucks were once primarily used for hauling farming or construction equipment. Today, these vehicles also offer massive cargo space, extravagant passenger features, and rugged capabilities. And if you're looking for such a vehicle, the number of options and price ranges can overwhelm you. To help filter your requirements is the first step to take. To shortlist your choices, here are our top four pickup trucks that truly give you bang for the buck. 2013 Toyota Tacoma The 2013 Toyota Tacoma is still a very popular truck for the regular pickup driver. It comes in different trim variants and is loaded with a variety of features. Moreover, it gives you an impressive cargo capacity for its size, making it one of the best pickup trucks. Depending on your needs you can either choose a 2.7-liter four-cylinder engine that gives 159 hp or go for a higher 4.0-liter V6 engine that produces 236 hp. It’s available in both five-speed manual transmission or four-speed automatic transmission. You can even opt for a four-wheel-drive in case you offroad a lot. 2016 Chevrolet Colorado The 2016 Chevrolet Colorado is a comfortable ride with spacious and exquisite interiors. It is a compact truck that can be easily driven in the city while offering the capabilities of a full-size truck. The 2016 Chevrolet Colorado is powered by an economical and powerful turbocharged 2.8-liter diesel engine that delivers 369-lb-ft of torque and can tow up to 7,700 lbs of load. On the highway, it gives you an impressive mileage of 28 mpg in a four-wheel-drive configuration with six-speed automatic transmission. 2018-2019 Nissan Frontier Nissan’s 2018-2019 Frontier makes it to the list of the best small pickup trucks for its loading capacity and performance. The Frontier is available in five trim variants that include the first-rate SL trim and Pro-4X, facilitating off-road adventure. You can choose from a 2.5-liter four-cylinder engine producing 152 hp and a 4.0-liter six-cylinder engine producing 261 hp. The Frontier can tow a maximum load of 6,720 lbs. There is no significant upgrade in the 2019 model and both feature standard equipment across all trim variants. 2015 Toyota Tacoma The 2015 model of Toyota Tacoma offers a slight upgrade from its 2013 model, and the price jump was slight as well. You can either choose a 2.7-liter four-cylinder engine that produces 159 hp or a 4.0-liter V6 engine that produces 236 hp. It offers an impressive mileage of an EPA-estimated 22 mpg combined and 25 mpg on the highway. This is when it is powered by a 2.7L four-cylinder engine, two-wheel-drive configuration, and five-speed manual transmission. Because of its compact size, you can drive it across the city comfortably. For off-roading purposes, it is good to buy the four-wheel-drive variant as it can handle different terrains and weather.

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5 affordable crossover SUVs you can buy without thinking twice

Crossover SUVs offer tons of versatility in functionality at practically very affordable prices. Suitable for cargo as well as passenger transportation, crossover SUVs provide the best of both worlds. In addition to being a perfect combination of a passenger car’s fuel economy and a small truck’s cargo capacity, crossover SUVs prices are more pocket-friendly. Crossover SUVs bring in the sturdiness of a pickup truck, spacious cargo hold of hatchbacks, and passenger comfort of a minivan or a wagon. No wonder crossover SUVs have quickly become popular. If you are planning to buy one, here are some popular ones at affordable crossover SUVs prices.Hyundai Kona: With prices starting from $20,100, the Hyundai Kona has one of the most affordable crossover SUVs prices. At a budget price, this crossover SUV is replete with outstanding and significantly good features. These include a stylishly quality cabin with a user-friendly infotainment system, good crash test ratings, and agile handling. At such an affordable price tag, this crossover SUV is a catch.Kia Sportage: The Kia Sportage can easily accommodate five passengers within its spacious cabin. With a price starting from $23,990, the Kia Sportage is a compact crossover SUV that gives decent performance powered by an efficient four-cylinder engine. For those who require more acceleration power, the SX Turbo trim is the top-of-the-line choice with its 240-horsepower turbo-four engine. Additionally, standard features include a sleek 8-inch touch screen interface with smartphone integration and other standard safety features such as driver condition monitor.Subaru Forester: With standard all-wheel drive, the Subaru Forester is priced starting at $24, 495. One of the top-ranking compact crossover SUVs, the Forester offers substantial mileage, comfortable ride, and efficient steering. Additionally, the cabin space is quite spacious with lots of cargo space. With a new lane-centering system, the Forester’s safety features make this a top-notch crossover SUV. All the standard features make it suitable for everyday commute.Kia Sorento: Starting at a price of around $26,690, the Kia Sorento is a midsize crossover SUV. It is bang in the middle of the competitive range of SUVs; however, it has less cargo space when compared to others in its range. But, the Kia Sorento makes up with its reasonable price, fuel efficiency, and easy drivetrain. Moreover, it’s interiors are quite comfortable and well-designed. Safety features include the standard rearview camera. Additionally, the car comes with a top-class 7-inch touch screen interface, Apple CarPlay, and Android Auto.Chevrolet Traverse: With a large cabin space and enough power, the Chevrolet Traverse is the perfect family cruiser in its range of cross SUVs prices. The range is priced from around $29,800. It is incorporated with the latest infotainment system that has a highly functional 7-inch touch screen interface with WiFi hotspot and smartphone integration. The interiors are quite roomy with space for eight passengers plus additional cargo space. Additionally, the car is equipped with Teen Driver safety features from General Motors.

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Here’s what you need to know before looking for tire coupons

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Top trim levels of the 2020 Ram 2500

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4 tips that can help you pick the right investment advisor

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