10 Steps to Leasing a New Car

Welcome,

NAVIGATION

	Introduction
	Step 1: How leasing works.
	Step 2: Checking incentives and special lease deals.
	Step 3: How long should your lease be?
	Step 4: Estimating your lease payments.
	Step 5: Finding the exact car to lease.
	Step 6: Test driving the car salesman
	Step 7: The final test drive.
	Step 8: How to negotiate a lease payment.
	Step 9: Reviewing and signing the paperwork.
	Step 10: Successfully managing your leased vehicle.
	Checklist

PHOTOS

(Enlarge photo)
By selecting the car you want in this financial calculator, you can generate your approximate lease payments. It also allows you to make a lease vs. buy comparison. (Photo by Scott Jacobs)

Leasing Articles

10 Steps to Leasing a New Car
Dissecting the Deal: How to Spot a Good Lease
Compare the Costs: Buying vs. Leasing vs. Buying a Used Car
Leasing Quiz
Get Out of Your Lease the Cheap and Easy Way

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Leasing Tips

10 Steps to Leasing a New Car

Step 4: Estimating your lease payments.
By Philip Reed, Senior Consumer Advice Editor
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A lease payment is calculated from many different numbers and can be difficult to understand. However, you should attempt to estimate your own lease payment before you go shopping to avoid paying too much. In the old days (like, five years ago), this meant an hour or two with a calculator. Now, the process has been streamlined by the Internet.

On the Edmunds.com homepage look for the link to "Calculators" in the directory. This suite of calculators allows you to generate your own lease payments based on purchase price, lease length, interest rate and more. You can even use the same figures to create a side-by-side comparison to see what it would cost to buy the car. When you are done, print out the results and keep them with you in your car-buying folder as you continue shopping.

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More Leasing Articles

10 Steps to Leasing a New Car
The following steps will tell you how to locate and negotiate a fair lease rate on the car you want.

Dissecting the Deal - How to Spot a Good Lease
It sounds like a great deal — but here's how to read the fine print to see what you'll really pay.

Compare the Costs: Buying vs. Leasing vs. Buying a Used Car
The age-old debate over the merits of leasing versus buying can be argued many different ways. What do the numbers say? Let's take a look at the three most common car-ownership scenarios.

Leasing Quiz
Find out ahead of time if you can see through the double-talk of leasing. Take the Edmunds.com car leasing quiz and see if you're ready to get a great deal on your next leased car.

Get Out of Your Lease the Cheap and Easy Way
Stuck in a car lease? Presto! With online lease-trading sites, you can get out of a lease (or even into one) cheaply and easily.


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