So you already have in mind the car model to lease. The next thing to do is look for either an independent leasing company or a dealer’s financing. A regular dealer has a captive finance source which is usually the manufacturer’s financial company, like the BMW Financial Services, Honda Motor Credit, General Motors Acceptance Corporation (GMAC), or a major national bank such as Chase Manhattan.
Some dealers use alternative sources such as another financial company or a major national bank like Wells Fargo or Chase Bank. So what is common practice is that the dealer chooses the right source wherein it can benefit from.
On the other hand, independent lease companies have no financial obligation to any manufacturer financing source but work with dealers anywhere in the country. Most independent lease companies also handle preowned cars until 3 to 4 years old.
Conventional dealers have their own set rates and some have the best lease deals but only for a limited period. The best lease deals which are very hard to beat are those cars that have subverted money factors and residuals from factories.
The good thing about independent lease companies is that they can offer impartial, professional advice on car selection regardless of make and model. The reason for this is because they are not tied to a single manufacturer or financing source, not like the regular dealers who have stick to specific models.
They are free to negotiate with you the lease terms like the residual value and mileage of the leased car.
That’s also true when you’re after a more personalized customer service with your leasing agent.
One customer has this to say about an independent lease company:
“I used your Lease Guide to check out deals and do research on the car I wanted to lease. I also found and contacted PrimeLease.com as a outside lease company by using your site. Using the invaluable information on your site and the help of PrimeLease I was able to save 00 on total price and dollars a month in payments. I will refer your site and PrimeLease to all my family and friends!”
S. Kuberry
In the end, the choice is still yours to make.
Source: http://www.car-leasing-help.com
http://www.leaseguide.com
More information on best car lease deal options and vehicle reviews can be found at the Car Leasing website.
Daniel Lamb is an avid fan of prototype vehicles and likes to read about the latest cars in the market. More information on best car lease deal options and vehicle reviews can be found at the Car Leasing website.
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