How to Compare Car Leasing Deals

At first glance, just about all leasing payments look attractive. Manufacturers advertise their monthly leasing at the lowest possible price. What you see advertised for leasing is, in fact, the cheapest a lease can be for the month's incentives, meaning that if you change the mileage or years, the payment will rise. At closer glance beyond the low monthly payment, you'll see that leasing differs a great deal from one car to the next. Learn how to decipher the differences when comparing a lease so that you can find your best deal.

Instructions

1

Go to each manufacturer's website to view lease deals. Unless the lease is advertised on the main webpage, look for an option to click called "shopping tools" or "view current specials."

2

Read through the details to determine the amount of money required down and the payment for each month. Multiply your monthly payment by the term of the lease (how many months the lease will run) and add your money down.

3

Repeat that mathematical computation for each manufacturer and compare. In addition, compare the term and mileage. If you need more mileage than the advertised amount, you can expect your payment to rise around $10 per month for an increase to 12,000 miles-per-year and an additional $10 more for 15,000 miles-per-year.

4

Read the leasing details to determine the level and the options for each model you are comparing. If you're looking for an all-wheel-drive vehicle, it is likely you will see advertisements first on a front-wheel-drive model, which is cheaper and helps to keep advertised prices low to interest shoppers.

5

Call or email a dealership for pricing if you need to change terms. For example, some manufacturers offer a 24 month lease with only a 10,500 mile-per-year allowance. To compare leasing prices fairly, you'll have to view the same requirements.