1 Year Car Lease: Finding the Best Deals
A 1 year car lease is possible by negotiating with lease or rental car companies. By comparing lease prices, you can find some good deals.
There are many places you can look for 1 year car lease deals. While traditional car companies (GM, Ford, Toyota, etc.) do not typically have 1 year car leases, you can still try calling them to see if you can work something out. Also, you can try negotiating with car rental companies and see if you can get an extended rental car agreement with them at a discounted rate. A third option is taking over another person’s car lease, through sites like Swapalease.com or LeaseTrader.com.
A 1 year car lease may seem like something that is just not possible, but the truth is that 1 year car leases do exist and they are a great way for you to get a car, without having to get into a long-term contract with it.
With 1 year car leasing, you only pay for how much the car depreciates in value over that year. If it is expected the car will lose $4,000 over the course of the year in value, then you will end up paying $333 per month, not including taxes.
What makes this so great is that you return the car at the end of the year and you are done with it. No long-term contracts, just a simple short-term lease. You owe nothing on the car after you return it and you can go on your way, without the worry of a large auto loan hanging over your head. However, even though it is a short term lease, that does not mean you should forget about getting car insurance for your leased vehicle.
One thing to remember when you lease a car for 1 year is that there may be limits on certain aspects of the vehicle. For example, you will probably have a mileage limit, which is the amount you can drive the car over the course of the year without being charged.
If it is 10,000 miles and .15 cents a mile after that, and you drive 12,000 miles, then you just ended up paying $300 extra on your car lease, that is one month’s payment! So this is something to keep in mind, know how much you are going to drive.
Remember to compare 1 year car lease deals being offered both offline and on the internet. Use all the competition between these companies and sites to your advantage and don’t be afraid to bargain when looking for the best deals.
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