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We've all heard stories about how leasing a car
is a financial nightmare when trying to turn the
car in or trading it in early.

The truth of the matter is that leasing when
handled correctly and for the right reasons,
can save you hundreds of dollars as compared
to buying.

Leasing is an alternative way of financing a vehicle. Today's closed in leases can save you a lot of money, if you follow a few simple rules.

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  1. Choose a lease term that is in accordance
with your trading habits.

2. Negotiate the price just as you would if you were buying the vehicle.

3. Don't lease more of a vehicle than you would normally buy.

4. Reduce the capital investment (cap cost)
by using the rebate (if there is one), ask about dealer participation rebates.

5. Read the lease contract, if you don't
understand something ask questions. All costs should be explained in easy to understand wording.

6. Make sure it is a closed end lease with all
turn in costs, fees,and residual values included.

7. Only lease when the mileage allowed is comparable with the mileage that you actually drive per year.