Auto Lease Help – car lease guide, car leasing tips

TweetMultiple security deposits (MSD)  is offered by most leasing companies, however, not many lessees and dealers know about the MSD program available to many consumers with less than excellent credit (< 700 FICO score) required to get the best interest rates (aka lowest money factors).  Some manufacturers will allow you to pay MSDs to lower [...]

TweetMany leasing companies will offer an excessive wear and tear waiver for lessees that lease another car with the same car maker.  This waiver or credit is often part of a lease loyalty program that nearly every automaker offers.   Once you are ready to return the leased vehicle, the leasing company will apply the [...]

TweetThe wear and tear for a car lease is included in the car lease agreement.   Car lease agreements will state what the lessee is responsible for upon returning the leased vehicle.   Once you return your leased car to the dealer, the dealer will verify the mileage and ask you to sign a document [...]

TweetThe acquisition fee is also known as a bank fee and is always added to the cost of the lease, however, it is up to the dealer to disclose the amount of this fee.    I have signed four lease agreements and every one of those agreements clearly indicated the amount of the acquisition/bank fee. [...]

TweetThe difference between a lessee and a lessor for auto leasing is easy to understand.  When engaging in an auto lease agreement, the party that creates the lease agreement, a legally binding contract, is the lessor.   The party that signs this auto lease agreement is the lessee.   The lessor receives payment from the [...]