The key to successful leasing is preparation, and it can also help you get a really good lease deal ( Research has shown that as much as 85% of all the people who go to a dealership in order to purchase or lease a car never do their homework first and go there unprepared.

If you invest some time in order to do some initial research, you can get big benefits when the time to sign a contract comes ( If you do not do your homework, you leave yourself at the mercy of the company you have chosen, and dealers have a lot of experience dealing with clients who come to them unprepared and unknowledgeable when it comes to car leasing terms and conditions.

First of all, you need to find out exactly what car you are looking to lease and learn as much about it as possible in terms of styles, features, prices, and optional equipment. This should be done BEFORE you go to the dealer in order to get a lease deal. Try to get as much information about the car you want as the salespeople have.

Choosing the right car can be very important for your monthly payments, and you should make a careful choice ( Vehicles that have proven to have high resale values, which means high lease residuals, are the best choice for a lease. Do not choose a model that has a history of a lot of problems in terms of safety or anything else. Moreover, do not choose a model that changes its style each year because such cars do not hold their value well and are a bit more expensive when it comes to car leasing.

It is a good idea to research the current market conditions, too, while doing your homework. You should specifically look for information about all the models you have chosen. What is the current supply? How have they been selling lately? For how much have they been selling on the average? What are the future plans of the manufacturers? Fortunately, you can choose from a wide range of resources, and the Internet is the best one when it comes to finding current information. Therefore, it should not be difficult at all to get all the information you need in no time.

How much should you pay?

Everyone should be aware that you do not have to base the lease deal on the full price of the car. This is the case only when the car is really selling fast or when the one who wants to lease does not know anything about prices and does not negotiate them at all.

The key to knowing how much you should agree to pay is knowing the invoice price of the car as listed by the manufacturer. This is the price a dealer pays for purchasing the car from the manufacturing company. The dealer always gives you a higher price. It can be only 4% higher than the invoice price chosen by the manufacturer, but in some cases, it can be as much as 20% higher, so negotiations are very important if you want to pay as little as possible.