What’s The Best Month To Lease A Car? What To Know
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Leasing a car is a big decision. If you want to lease a vehicle, it’s critical to complete the process at the right time. You might wonder - what’s the best month to lease a car? What time of year will make the most out of your investment?
Read on to learn more about the best month to lease a car. We’ll discuss the ideal time, negotiating tactics, and whether leasing a car is worth it for your life. There’s a lot to cover, so let’s get started!
What’s the Best Month to Lease a Car?
There isn’t a specific month where it’s ideal to lease a car. There are a couple that make for the best month to lease a car. It’s critical to stay on top of events throughout the year to determine when you might find a better deal.
One of the factors that contribute to the best month to lease a car is when new models are released. This period is when you can make the most out of your funds.
According to cusocal.org, most new cars come out between July and October. This period is about four months long, and it’s when you’ll get the best deal on a lease. You can maximize your savings by avoiding extra payments from depreciation. You don’t want to wait too long to find the right agreement for your new vehicle.
There are also specific days and periods to find excellent deals on leases. Let’s talk about other moments that make the best month to lease a car.
What Other Times of the Year Are Ideal for Leasing?
Besides this string of months, there are several other moments you should keep an eye out for in the car world. Although they’re not guaranteed to be cheaper, these times have proven to have the best deals for those seeking a lease.
According to shift.com, some other excellent times include the following:
- Holidays: Holiday sales are ideal for a lease, particularly on Labor Day and Memorial Day.
- End of sales periods: The end of the month, year, or quarter is also excellent because salespeople are more driven to meet a quota by their company.
These will give you the most for your money.
If you care about saving, it’s critical to be strategic with the time you select for investment. Try one of these in the range of the above-listed months for the best chance. Of course, there’s always another option if you still feel like it isn’t low enough - negotiation. It’s not for everyone, but let’s talk about the strategy to help you decide if it will work for you.
OTHER CAR SHOPPING APPS ARE OUTDATED
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Can You Negotiate Your Lease?
Negotiating is a natural part of any payment process, and it often happens in car leases. Although there are some items you can’t argue, many you can attempt to lower to a more affordable price.
According to experian.com, here are a few items you can negotiate in a lease:
- Gross capitalized cost: Compare and contrast similar leases to lower the price.
- Mileage allowance: Negotiate the miles you’re allowed to put on the vehicle.
- Trade-in value: If you’re trading in a lease, you can barter to get them to offer more money.
- Interest rate: Higher credit scores can help bring this cost down.
- Disposition fee: A dealership could potentially waive this fee.
If you succeed, you’ll find a much better price in your hands.
Negotiating isn’t for everyone. If you’re not comfortable with the bartering process, you might consider a broker to handle everything.
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Tips for Leasing a Car
If you’re interested in leasing a car, it’s critical to know what you’re doing. We’ve talked about the best month to lease a car and items you can negotiate with a dealer. Now, let’s go over some general advice for leasing.
According to bankrate.com, when you lease, you should:
- Perform thorough research
- Visit various dealers
- Compare offers from place to place
- Negotiate lease terms
- Ensure you keep the car in ideal condition
These will help everything go smoothly.
It’s critical to have a game plan when you lease a vehicle. The strategy will help you make the most of your money and land the car of your dreams. The more you know, the better off you’ll be when it comes time to handle money.
Is Leasing a Car Worth It?
Leasing is a unique form of ownership that many people take advantage of every year. It’s a lengthy test drive - you get the car for a few years, then turn it back in exchange for a new one. Is leasing a car worth it, or are you better off investing in a vehicle?
If you love cars, leasing is worth it. You can get a new vehicle every few years without spending a tremendous amount. The payments are also cheaper than if you were to buy the car. Plus, at the end of the lease, you can purchase it if you fall in love.
Of course, you will never pay off a car with a lease. It will never be yours. If you lease for a long time, you could be losing money. Sometimes, it makes more sense to spend money buying the vehicle for the long run.
THE BEST CARS FOR COLLEGE STUDENTS
Whether you’re squeezing into a tight campus parking spot or hauling ten loads of laundry back home, these best cars for college students will get you, your friends, and your stuff where you’re going.
Final Thoughts
When leasing a car, you want to pick a time of year where you can get the best possible deal. July through October is an excellent time, but there are also various holidays and periods throughout the year where you can find an excellent deal. It’s critical to stay on top of specials at your local dealer.
We hope this information was helpful! There’s a lot to consider when it comes to leasing a car, and one critical factor is how the price changes throughout the year. Your best shot at affordability is to act as soon as the new cars are released. It might seem a little stressful, but you can do this! A little negotiation never hurt anyone.
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