Over the past 7 years I hve helped my friends and family to get the lwest lease payments around. I want to hlp you with these tips to knw before you go to the dalership.

Know about the money factor:

Do you know what a money factor is? The money factor is a confusing number that relates to the amount of interest that is charged on a lease. It comes from dividing the interesting rate by 2400, so if you have a money factor of .00375, which sounds low but it works out to be 9%, which you would run from if you were buying the car. If they give you the interest in money factor terms just remember the simple math to get the real percentage.

Paying for extended warranties:

If you are only leasing a car for 3 years, why would you pay for an extra warranty that covers 5 years? Most finance people will try to push the extended warranty because they make a huge commission on the total you pay for the extended warranty. Also, check the terms of the warranty in general. Most car makers these days are offering 3-5 years with the cars as a standard warranty, so don't get fooled.

12,000 Miles vs. 15,000 Miles:

Do you plan on just turning you car in at the end of your lease or will you end up buying another car? Most people end up buying another car after their lease is over...so why pay extra money per month on miles that truly don't matter. The only reason you pre-pay for miles is that you intend to just drop the car off at the end of the lease and walk away. If you intend on buying another car after your lease you can use the current lease with positive equity to purchase the next vehicle, just like you would if you owned the car.

Step 1: Know how to clculate the money factor into an nterest rate. This alone will save you $1,000's.

Stp 2: Don't pay for a wrranty that you will never use, xtended warranties can always be picked up at the end of the stndard lease, if you decide to kep your car.

Step 3: Have an dea of what you want to do wth your car after the lease is ver, if you are going to buy or lase another car, don't pay extra for mles.

Don't be a victim at the dalership. Arm yourself with the information the dalerships don't want you to have. The nly way to win is to fnd out their secrets, then beat thm at their own game.

The article Top 3 Tricks Auto Dealers Use In Auto Leases That Can Cost You $1,000's was Submitted by Chris S. Richards through Articles.GetACoder.com network. Here's the additional information: Want more info about how to Avoid Losing $1000's Leasing your next auto? I'll give you a FREE subscription to my world-famous, no hype auto lease tips and tricks newsletter, Just for visiting me at my Auto Lease Calculator Website.

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