Buying a new car is expensive, with the average price of a new car over $48,000. Compared to buying a new car with a loan, leasing a car will lower your bill by an average of $139 a month.
So, it's no wonder leasing this year will account for 21% of new vehicle sales and compared to buying a new car with a loan, leasing a car will lower your bill by an average of $139 a month.Car Editor Keith Barry says to keep in mind that there are mileage restrictions and potential excess wear-and-tear charges that could come along with leasing.
Other things to negotiate are your lease interest rate, also called money factor, which influences your overall payment, and your mileage allowance, if you anticipate driving more than the standard limit. The dealer can claim the full $7,500 tax credit, so first negotiate your best price and then make sure that the dealer passes that on to you by taking it out of the overall price of the car.
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