Financial days

Car leasing is seen by many as a good alternative to buying your own car,
because if gives you the chance to have a new car without paying all that money for it. However, one should be very careful at the leasing conditions, when such a decision is taken, because there can be tricky clauses in your agreement.

Auto Leasing Most Comon Scams

Unreal low interest rates:

Some dealers quote a lower interest rate when in reality it’s much higher, in order to make you fall in their trap and get a car leased from them. They do this by skipping to include some fees when they calculate the interest rate. Then, they would charge you those fees from upfront, and you’ll discover that you paid more. If we only look at the money factor, which is usually a four decimal digit, like 0.003. Some dealers quote this as a 3% interest rate, but the real one is this multiplied by 24, which leads us to a much bigger figure. When you want to go for a leasing agreement, don’t be ashamed to ask the dealer how they calculated the interest rate, and ask also about all fees that might not be mentioned from the start.

Leasing Termination Penalties

Ask specifically what would happen, and how much would you have to pay in case you terminate your leasing contract earlier.
Beware that termination fee is not the same thing with early termination administrative penalty. Read all clauses in the agreement very carefully, to make sure you understand all situations and you know how much you’d have to pay in any of them.

Unneeded extended warranty

This is something you surely don’t need, because the warranty automatically comes with the leasing agreement itself. Why pay twice for that? Some dealers may want to drag you into this, by creating you the impression that you need it.

No security deposit

There’s no such thing as no security deposit. This should raise an alarm in your head, and you’ll probably discover that there;s something not OK with that dealer. Stay away from such tempting offers, if you don’t want to regret your car leasing agreement later.

Do you have a special guest visiting your town? Do you want to make a good impression? Send a limo to pick him up from the airport!

Don’t worry, this doesn’t mean that you actually have to buy a limo. You can use the Car and Limousine services available within your area. For example, this limousine service New Jersey can satisfy your needs, by offering various car models, from luxury sedans to stretch limousines, vans and coaches. Allstate Car and Limousine has its own dispatch facility and call center, making it easy for ther clients to manage their accounts. The call center has round the clock availability, and it can be reached via 800 dedicated, toll free phone numbers. All sedan cars are equipped with cell phones, computerized mobile data terminals, EZ Pass transponders, and they will soon offer GPS systems.

So, when buying is not an option, rental can be a solution.

This is a sponsored review

Car rental is the best way to enjoy far away vacations. You travel by plane, then you rent a car at destination: you travel fast, and still you can enjoy the freedom of moving around the place, so you can visit a large area.

However, you need to be careful when you rent your car, in order to avoid trouble:

• Try to book your car on the internet, before your arrival. If you travel in full season, you might have the unpleasant surprise that all cars are booked and you’ll haved to walk or take a bicycle.
• Ask if your car is insured, and what does the insurance cover (many drivers, calamities, vandalism, theft…)
• Read your contract very carefully, to see in what conditions you are liable for responsibility: small damages, scratches…
• Always return your car refueled. Some car rental companies may charge you additionally if you forget to do this.
• If you don’t travel with a large family, a small car can be better than a big one, in terms of finding parking spots and in terms of fuel consumption. Gasoline is becoming more expensive every day, so why to pay more, if you don’t need such a powerful or big car?
• Check the car before signing for it: look for small damages and write everything down, because you don’t want to pay for what others did.
• Compare prices from more than one car rental company: you may have the surprise that smaller, little known companies have better prices than the big ones, and they offer the same services. Again, why to pay more when you can pay less?

If you are careful at those details, you’ll surely have a good time in your vacation, and you’ll see how good it is not to have to travel a few days until you reach your destination (although the journey may have its charm, sometimes).