HomeAutomotiveTuesday, February 19, 2019, 16:23:06

Tuesday, March 20, 18, 07:09:40, 1 Year Ago Via Kevinnesh In Automotive

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Dubai, the land of luxuries offers a lot of exciting adventures, is also very conservative. If you are planning to visit this place, you need to know about the culture and practices followed here.

Car leasing is appealing in many ways. For instance, when you car lease Dubai or any other place in this world, you will be making lower monthly payments than that of purchasing a new car, the down payment will also be low, and usually the vehicle is brand new and comes with a manufacturer’s warranty. Though there are so many advantages of leasing, there are also many potential pitfalls. However, with our tips you can stay on the right track.

So, get the most out of your car lease follow the following effective tips on car leasing.

  1. Though you are only leasing the car, you should negotiate its buying price as if you are going to purchase the vehicle. After you have come up on a firm price, you should bring up the fact that you would like to lease the car.

  1. While negotiating, include everything that goes into a car lease. So, negotiate the purchase price, the mileage limit, and the down payment. Keep in mind that, similar to a loan, in case of leasing too, you will have to pay less if you put down more.

  1. Negotiate the monthly payment of the lease as this will be a recurring monthly affair, the lower the price, the better the deal.

  1. Purchase Guaranteed Auto Protection (GAP) insurance to safeguard yourself if the car gets damaged in an accident or is stolen. If GAP is included with the lease, you need not buy it separately.

  1. By opting for a vehicle that depreciates slower than the average, your monthly payments will become as low as possible. You can get detailed information on every model’s depreciation and cost ratings from the catalog available with the car leasing agency itself.

  1. Do not go for leases which go beyond the warranty period of the car’s manufacturer. For, this protection is one of the primary advantages of a lease.

  1. Note the end-of-lease fees and procedures, if any. There may be things like replacing the tires with new ones before returning. Ensure that the fees and policies are fair and clear.

  2. Mileage overage will be charged a heavy price. So, purchase extra miles up front in case you expect to cross the standard allotment. Often lease agencies return the unused miles. This way, you won’t lose much by going for additional mileage.

  1. Ensure that your trade-in is removed from the capitalized cost of the leased car, if applicable.

  1. In case you are considering purchasing the car after the end of the lease, first ensure that the car is worth at least the cost price. However, if you have entered into a subvented lease, this won't be the case as the automaker would have raised the residual value artificially. If the car is not worth the purchase price, try to negotiate the price. If you are unable to, it is wise to walk away.

Leasing won’t suit everyone. If you would like to have and drive a new vehicle for a certain period of time with a fixed ownership price, you can go for a car lease Dubai. However, also keep in mind that there are certain disadvantages of leasing. Some of those include paying more than an equivalent loan for a leased vehicle (as the vehicle is a rapidly depreciating asset), making monthly payments for something that would never be actually yours, paying excess mileage penalty when you cross the mileage limit specification, paying additional wear-and-tear charges if you fail to maintain the vehicle in good condition, etc. So, take all these into consideration before you go for a car lease.


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Kevin Nesh
Date Registered: Tue, Mar 20, 2018
Last Time Online: Tue, Mar 20, 2018
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Kevin Nesh is a Article and Content publisher for Different different Categories and fields. My passion for helping users to provide Unique and informational content.
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