Many car companies offer special lease deals on selected models and styles each month. Some are very affordable at less than $200 a month.
This month, we list over 50 leases for $199 or less. The list gets larger every month as car manufacturers increasingly work to attract new customers by offering low monthly car costs.
These are usually genuinely good deals that are worth considering as long as you like the models and styles being promoted. The deals usually only last for one month, require a down payment, and have a specific mileage allowance — usually 1000 miles per month, average. Be aware that these deals may vary by region of the country.
Most lease deals are for 24 or 36 month terms. At the end of the lease you can simply return the car, or you can purchase it for the guaranteed purchase price stated in your lease contract. In some cases, you may have equity in the car (it’s worth more than the purchase price) such that it makes sense to buy it and sell it for a profit, or use it as a trade-in for another new vehicle.
Here are the cheapest car lease deals being offered at this time:
Continue reading Cheapest Car Leases – $199 or Less in 2017
Luxury cars have always had the highest lease rate among all vehicle types. Currently about 70% of all new luxury cars are leased, rather than purchased.
Why is that, you might ask?
There are essentially two kinds of luxury car leasing customers: 1) those who are wealthy and can afford to pay cash or could make large monthly loan payments, and 2) those that can’t but want to drive a better car than they could otherwise afford.
Customers of the first type, those who can afford cash or loan payments, usually have multiple vehicles, like to drive new cars every 3-4 years, don’t drive an excessive number of miles, and prefer to use their cash for more productive purposes, such as for investments. Leasing provides a good solution for them.
Customers of the second type typically lease as a way of being able to drive a much better car than they could drive with a loan. Since lease payments are approximately 50% of comparable loan payments, they can drive twice as much car for the same monthly cost. However, many of these people are so enamoured with the low payments that they overlook leasing’s restrictions, or simply don’t know how leasing works. They may drive too many miles and have to pay for the extra miles at lease-end, or pay for unrepaired damages. Or they sometimes want to end their lease early, not realizing that it can be very expensive. Leasing is simply not right for everyone.
Continue reading Lease a Luxury Car
One of the best ways to get the best prices on new cars is to take advantage of monthly sales incentives such as rebates, bonus discounts, and special leases sponsored by car manufacturers through dealers (see Best Car Deals for details).
These special deals are almost always good deals, much better than customers could negotiate for themselves.
However, the catch is that those incentives are only good on selected vehicle models and styles, and only for a limited time. If the particular brand, model, and style that you want is not one of those with incentives offers this month, you are back to square one — negotiating for deals the old fashion way.
A new company has come along that changes all that, and may change how we buy cars in the future.
TrueCar answers the question, “What should I pay for my car?” Even if you are a shrewd negotiator, you have to know your target price — a reasonable offer based on real information. You also would benefit by knowing what other people are paying for the same car, same model, same style that you want. With that knowledge, you will know the price you should be aiming at.
Continue reading Best Prices on New Cars – The Best Way
For many people, an auto loan is the most significant and largest financial transaction they make in their lives — at least until they get a home mortgage. Because it is so significant, it makes sense to take the right steps and avoid mistakes in the process.
1. First, shop around for auto loans at your local banks, credit unions, and financial companies. You don’t have to finance through your car dealer. In fact, by shopping around first, you’ll know if your dealer’s loan offer is good or not. When you talk to a bank or credit union, you may also be able to get pre-approved at a guaranteed interest rate and for a given amount. That way, you’ll know what price car you can afford when you go to your dealer. You are not obligated to accept any loan offer you receive, even those for which you are pre-approved.
2. Know your credit score. Your credit can make the difference between getting approved for a car loan or not. If you are approved, your credit score will determine the interest rate you pay and the down payment amount you’ll have to make. Car companies offer special promotional deals each month, such as 0% APR loans and low-payment leases, which require good credit. To get the best rates and best deals you’ll need a credit score of 700 or above. What’s your FICO score? Find out now when you check your credit report for $1 at Experian.com!
Continue reading 5 Tips for Getting an Auto Loan
We answer questions from first-car buyers almost every day when we participate on the Yahoo! Answers web site in the Car Buying and Selling section. The majority of those questions come from teens and young adults who have little or no experience in buying, trading, or selling cars.
In the few years that we’ve been doing it, we have seen certain common questions come up over and over again. Some come up numerous times in a single day.
We thought we would post some of the most frequent questions here, and answer them just as we do on Yahoo! Answers.
Q. How many miles are too much for a used car? How many miles will I get from this used car?
A. All used cars are different. It’s not possible to say that a certain car of a certain age and of a certain brand that has 150,000 miles is a good car. It depends on how it has been driven and cared for. Some cars with only 50,000 miles are ready for the junk yard, while others with 150,000 miles are good for another 150,000. Even brands such as Honda and Toyota, that are known to be very reliable, can have serious high-mileage problems. Therefore, don’t make a purchase decision based on mileage alone. Get a professional mechanic to inspect your car before you buy. It’s the actual condition of the car, not mileage, that is important.
Continue reading First Car Questions
The best selling cars are those that car buyers like best and buy most often. Given that most of those buyers do at least some research before they make a decision, they choose their cars wisely and make informed decisions. If other buyers don’t want to do the research and make their decisions based on what other buyers are choosing, that’s okay. They still end up getting great cars.
Although we will be talking about best-selling new cars here, the same cars are generally the best-selling used cars as well. Furthermore, we won’t talk about trucks, but suffice it to say that the Ford F150 pickup has been the best-selling vehicle of any type for years.
Before we present our list, let’s take a moment to discuss why some cars are super-popular and others not so much.
Generally, the best-selling cars are those that have the best combination of all the things that buyers are looking for — the optimal “package.” Smart buyers want good value, a reasonable price, quality construction, high reliability, good performance, a comfortable drive, adequate space for passengers and cargo, good styling, good fuel economy, modern features, an excellent safety rating, and maybe some luxury features. They also want a car that is reasonably inexpensive to insure, maintain, and repair.
Continue reading Hottest Cars – What Cars are Best Sellers?
Many people know they need/want a new car but struggle with what car to buy. There are so many choices.
How does a person go about deciding what car is best for them?
There are actually a number of different approaches that be taken in making a decision.
One way is to simply do detailed research. This can take a lot of time and work depending how much you can narrow down your possible choice before you start. For example if you already know you want a Nissan, it’s just a matter of researching the various Nissan models, styles, options, specifications, and prices to find the one that best fits your needs. One of the best ways to do it is to visit the car company website. In this example, it would be www.nissanusa.com.
Another way is to start with a popular make and model as a first consideration — such as a Honda Accord or Toyota Camry — and decide what you don’t like or what you want different about those vehicles. Then research other makes and models for those characteristics. This is the approach we suggest in our article, What Car Should I Buy?
Continue reading What Car to Buy?
When buying a car, everyone knows you don’t pay the asking price or sticker price. Right?
The process of buying a car in the United States is unusual in that it’s one of the very few times when we actually negotiate or “haggle” over prices. We don’t do it when buying a refrigerator at Sears, or a TV at BestBuy, or a watermelon at the supermarket. With cars, it’s more like haggling over an old lamp at a garage sale or, if we lived in the Middle East, getting a price on a donkey.
Although buyer-seller negotiating is common in many other countries, most people in the U.S. find it uncomfortable and awkward. Since we don’t do it very often, we’re not very skilled at it. Many people hate it.
Negotiating New-Car Prices
All new cars have standard manufacturer-suggested-retail-prices (MSRP) — retail prices — “sticker” prices that are exactly the same for the same car, same model, same equipment everywhere in the U.S.. Including the word “suggested” suggests that the prices are not necessarily the prices we have to pay. And dealers encourage us to expect less-than-sticker prices by their ads and TV commercials — “We beat anyone’s prices,” or “Less than invoice prices,” or “Lowest prices in town.”
Continue reading Negotiate Car Price
Everyone buying a new car wants to get a bargain and a great deal. So where can those deals be found?
Although we’ll be primarily discussing brand new cars here, we can make some comments on used cars, if that’s the direction you think you want to go.
Used Car Deals
Finding a great deal on a used car is a bit more tricky than finding a new-car deal. That’s because used cars are, well, used. No two are alike. Even used cars of the same year, same brand, same model, and same equipment can have different mileage, different problems, may have been driven and maintained differently, may have been wrecked (or not), and may have very different prices for these and other assorted reasons. When you find a used car at a bargain price, it might be for a good reason — or the buyer may simply be desperate — or it could be a common scam, especially if bought online. Therefore, it takes much more care when buying used.
Continue reading Where Are the Best Car Deals?