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What Is In A Car Lease Agreement

Car rental offers benefits to buyers and sellers. For the buyer, lease payments are usually lower than payments for a car loan. Any sales tax is only due on each monthly payment, and not immediately on the entire purchase price as for a loan. Some consumers may prefer leasing because it simply allows them to return a car and choose a new model when the lease expires, allowing a consumer to drive a new vehicle every few years without having the responsibility to sell the old vehicle or the possible repair costs after the manufacturer`s warranty expires. A renter doesn`t have to worry about the future value of the vehicle while a vehicle owner does. For a business lessor, tax advantages must be taken into account. Payments and Penalties The lease agreement sets out the terms of lease payments and all penalties related to mileage overruns and wear and tear. The tenant should take the time to read all the fine print regarding the payment and payment plan to make sure they make sense and do not create a situation where the tenant has to pull more than has been agreed out of their own pocket. • Step 1.Choose a Type – What Type of Car Do You Want? Better yet, what car do you need? A convertible? A limousine? An SUV? • Step 2.Select your models – Make a list of vehicle types in your price range. You can reduce non-rental costs by incorporating models with cheap gas mileage, high reliability, superior safety features, and low insurance premiums (ask your auto insurance agent for a list of vehicles that match the bill). • Step 3.

Take a test drive – Once you`ve narrowed down your list to a few models, take each car with you for a test drive. Pay close attention to comfort, visibility, brakes, steering, interior noise and shock absorption. Do not mention at this time that you intend to rent (more information about this in step 6). • Step 4.Ask for safety – During your test drive, ask the seller if the vehicle is equipped with anti-lock braking (ABS), electronic stability control (ESC) and head protection side airbags. All of them are valuable security features. • Step 5.Compare Leases – When you get home from the dealership, calculate the leases offered and find out how much you can afford to pay monthly. .

About David Hayden

Restaurant industry professional helping small restaurants with their training, operations, and marketing needs. Author of Tips2: Tips For Increasing Your Tips and Building Your Brand With Facebook. You can also visit my other websites and blogs at: http://www.tips2book.com http://www.restaurant-marketing-plan.com http://www.themanagersoffice.com http://www.tipssquared.com http://www.foodieknowledge.com http://www.restaurantlaughs.com http://www.tipsfortips.wordpress.com

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