Car Leasing: Maintenance, Repairs, and More!
If you're trying to figure out whether car leasing is right for you, you're not alone! Check out these helpful tips on proper maintenance, what to do about repairs, as well as other helpful hacks to make leasing a car work in your favor!
Keeping Up Appearances
Leasing a vehicle doesn't have to be something to dread. Not only does it provide you with the opportunity to save money up front, but it also allows you to drive a variety of cars and see what may work for you in the long run!
All in all, one of the best ways to make sure your car leasing experience goes off without a hitch is to keep up with general maintenance and cleaning. Sure, maintaining your lease deal may mean you have to keep the car in good condition. However, when it comes to turning it in, or trading for a new model, everything can go so much smoother if you keep the car looking nice!
Try to vacuum, wipe down, clean, as well as take the car through the car wash on a regular basis. Before you sign your lease, ask about the stipulations for general upkeep that the leasing company requires. This will help you maintain the car better, as well as not be shocked if something comes up when you turn the vehicle in!
Scratches, Dents, and Scrapes
Because life happens, sometimes our cars get little nicks and dings without us even noticing! One way make car leasing easy on you, as well as your wallet, is to make sure the car is free from major damage. You may find car leasing deals that will allow you to have minor scratches or general wear and tear.
However, there are things you NEED to look out for:
- Scratches longer than a credit card
- Major dents
- Damage to lights
- Windshield damage
- Door handle, as well as locking damage
- Engine problems
All in all, if you are car leasing and there is significant damage, you may be in trouble with the leasing agency. However, if you are in a car accident, as sometimes things happen, be certain to check with your leasing company once you are safe. Your car insurance, as well as the leasing company are aware that sometimes damage is out of your control!
Car Leasing Limits
Overall, leasing a vehicle can provide a lot of options financially. However, there are a few ways you can overpay if you are car leasing. Check your options for how long your lease is, as well as how much you may pay as far as maintenance goes.
Because some companies require regular maintenance, if you are leasing for more than three years you may be spending too much on maintenance costs. Not to mention paying for extended warranties if you lease over the warranty limits for the car.
You should also shop around and do your homework when it comes to upfront payments. All things considered, leasing allows you to drive the latest most up to date technology in vehicles for a smaller monthly payment. So you could get your new electric car, and then pay a large payment up front, but then something may happen in those first few car leasing months. Try to keep you initial payment lower to avoid this kind of heartbreak down the line!
One thing that most people underestimate when leasing a new vehicle is how much mileage they will put on the car during the leasing period. All in all, most leasing contracts will stipulate 10,000 to 15,000 miles on the car a year. However, a lot of drivers actually put far more miles on their car than they think!
By keeping track of your miles, you will save money, as well as keep in the confines of your lease agreement. The fine print for your lease may mean you would have to pay a certain amount (generally about $0.30 a mile) over your allowed mileage! You don't want to have to pay big bucks for a car you're no longer driving, as well as jeopardize future leasing options.
Tracking your car leasing miles may not only save you money, but will also help you keep track of your engine maintenance! Because you will put a certain number of miles on your car, you will need to have regularly scheduled engine repairs and basic maintenance.
Check your lease agreement to see what your mandatory repairs need to be, as well as what needs to be done for basic upkeep of your engine. Overall, this may be as simple as regular oil changes and tire rotations. However, it could include more thorough repairs like coolant checks, or battery changes.
All in all, it's good to know what is required of you as far as your car leasing agreement goes. Not only will it save you money by not having to pay penalties, but it will also keep your car running smoothly!
Car Leasing Tips and Tricks to Keep You Driving!
Car leasing can allow you to drive the newest and best cars! However, it's keeping up with general maintenance, repairs, as well as miles and your personal finances that will make it work for you. Follow these tips to keep your car leasing experience the best it can be!