If you have decided to lease a vehicle then there are some steps you can take to be sure that you get the best deal possible. First off you should know that a lease has profit to the dealer that can be negotiated just like a regular purchase does. Rebates, down payments, and trade-ins can all be added into profit. Because of the ease with which a dealer can take profit from your trade without your knowledge when leasing it is my opinion that you do not trade a vehicle. Instead of trading, sell your vehicle out right. Use the internet as well as any publications to help you determine the actual dealer cost on the vehicle you want to lease.
There are three main areas for you to negotiate on a lease; the cap cost, residual value, and interest rate. The cap cost can be negotiated just like the price would be if you were buying a car. You want the highest residual value that you can get. This is one of the reasons that many high end luxury cars like Lexus, Mercedes, and BMW have such attractive leases. Their vehicles hold their value very well. Residuals and interest rates used by each lender may be static but most dealers have access to many different companies providing leasing which will have varied options.
Look up the current residual rates online or in a publication such as the ?Automotive Lease Guide?. The dealer's residual number should be higher than what is shown in the book, if not then it isn't a factory subsidized deal and therefore you should stay away from it. Also, do the same with the APR. You can calculate the APR by multiplying the money factor in the lease by 24. With this, you are looking for the lowest APR possible.
You also want to be sure that the lease is a closed lease with a maximum term of three years. This should keep you in the factory warranty so that you don't get stuck with repairs on a car that isn't really yours.
So, what would be considered a good lease deal? For starters, you want a lease with no down payment required, a minimum of 15,000 miles per year allowed, and a monthly payment that is substantially lower than a 5 year loan would be. When you are evaluating lease deals on different vehicles always use a ?zero down? approach to comparing them and remember that vehicles with higher resell values will be better to lease.
"We've got four major launches within four months," says Thomas Grill, Lincoln brand manager. "The MKZ and Navigator are already at dealers, followed by the MKX crossover and the all-new Navigator L extended length model. What's just as important is that our consumers will be very aware of these new products since Lincoln is spending more money in the next 12 months on marketing than we've done in our history."
It can be recalled that Lincoln and Cadillac used to be the luxury cars of choice in North America. In fact the former was once the best-selling luxury brand in America. Unfortunately, the crown was stolen by other successful luxury brands. Now, the automaker is making up for the lost time and is taking vital enhancements of its Lincoln auto parts to create a big wave in the auto industry.
Lincoln's renaissance is summed up in one phrase - Advancing the American Dream. The latest lineup of car maker is especially designed for American dreamers.
"Research and segmentation analysis shows that the Lincoln customer as being a person who has worked hard and earned a reward in the form of a luxury vehicle," Grill adds. "In a sense, it's kind of a cycle. The person takes advantage of opportunities in life, earns a reward which in turn makes them seek out further opportunities."
Worthy modifications were made to aftermarket parts for Lincoln Navigator. Also, the car maker made groundbreaking upgrades to other Lincoln vehicles including MKZ, formerly known as Zephyr. This is done to achieve the refinement and performance desired by vehicle fanatics. Other launches include MKX with the striking panoramic roof, MKS concept sedan and Mark LT.
"Our value proposition in the market is an earned reward for our customers, offering great value in a luxury offering," Grill concluded. "The 2007 MKZ, for instance, has added more than $1,000 worth of new equipment, but the MSRP has increased by only a little over $200. Lincoln becomes an attractive buy for customers wanting to move up to the luxury market."
Both Gregg Hall & Pamela Hewitt are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Gregg Hall has sinced written about articles on various topics from Lingerie, Desserts and Mortgage. Gregg Hall is a business consultant and author for many online and offline businesses and lives in Navarre Florida with his 16 year old son. For . Gregg Hall's top article generates over 3350000 views. to your Favourites.
Pamela Hewitt has sinced written about articles on various topics from Cars, Used Car and Cars. Pamela Hewitt is marketing consultant of a successful auto body shop in Philadelphia, Pennsylvania. This 39 year old is also a prolific writer, contributing automotive related articles to various publications. She is also an offroad enthusiast. You can. Pamela Hewitt's top article generates over 12100 views. to your Favourites.