How Car Lease affected by COVID-19

These days every industry has affected by COVID-19 and same thing happened to the car lease industry as well.

For example, the number of searches in the Google and Bing are increased for affordable cars, or the number of searches are doubled for small-sized SUVs.

The other change is that people are more interested to get the details from the web site rather going to the dealers and visiting dealerships.

In the other hand, also I see some people who think they are going to work from home for a while are interested to find some one to take over the car lease they have. for example if a family has two cars and both are working from home why not finding someone to take over their lease contract.

My advise always is if you think you may need to get back your car soon, don’t go for finding someone to take over the lease. You may call your lease finance company to skip your payments.

Stay safe and hopefully we will back to normal life.

 

 

 

How much down payment to make the best deal for car lease

Down payment is one of those thigs people seem to end up neglecting when taking a new car lease. But this is one of those mistakes that you might want to avoid at any cost. Down Payment refers to that payment that you have to make upfront for the car lease. So, here are some things you might want to keep in mind about it to make the best decisions whenever it’s concerned with your car lease!

Also, keep in mind that this down payment Is generally made when initially leasing a car. When someone does a car lease transfer or a car lease takeover, it might or might not be part of your deal- depending on how the negotiations go.

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WHEN SHOULD YOU BUY YOUR LEASED CAR?

While the lease agreement will terminate in a few months for you, and you’re still wondering whether or not to buy your leased car, there are chances that you will make a hefty decision. To avoid such a tragic situation, you must think-out the whole process thoroughly to know what is best for you when it comes to leasing and buying.

Leasing can be a fiddly process and that is why it is important for you to have good knowledge about it. You agree to lease a car from a leasing company, pay monthly or quarterly instalments (depends on the mode the company offers), then in the end decide whether you want to buy the leased car, or just return it.

You could also consider car lease handover if you want to terminate your lease agreement before it actually terminates. You can handover your leased car to a person who is looking for leasing. This way both you and the other person can reduce the expenses.

But when returning or buying your leased car, you may be subjected to make a mistake provided the decision was not though-out well.

Consider the following reasons to make a wiser decision. Continue reading “WHEN SHOULD YOU BUY YOUR LEASED CAR?”

Which Car should I go for?

There are a whole lot of cars that are available for you out there. However, finding the right one might seem to be a hassle if you don’t know how to judge it properly. There are several things that you simply must keep in your mind when it comes to judging a specific car model.

Car leasing and lease takeover is actually a pretty simple process when you compare it to all the hassle of having to select the right car for you. In other words, you must decide which car to lease before you go out and lease it- and that’s what we are here to discuss today!

Continue reading “Which Car should I go for?”