When leasing a car, it’s easier to stick with the same company for your
auto insurance. What you don’t know, however, is that you may end up
paying too much for your coverage and it’s better to look elsewhere for
lower rates.
When you lease, the vehicle that you will drive belongs to the leasing
company. They want to make sure that their investment is covered in the
event the vehicle gets damaged, totalled or stolen. They typically want
to get covered for the difference between what your auto-insurer pays and
your outstanding leasing obligations at the time of the accident or
damage. This is called GAP, short for Guaranteed Auto Protection, and is
usually included in the leasing contract.
If your leasing company is called BMW Financial Services, Chrysler
Financial or any other finance division of an automaker, then chances are
your GAP insurance will be offered by the same lease company.
You are under no obligation to accept GAP insurance included as part of
your lease agreement. Why pay an insurance premium if you could get the
same coverage for a lower price?
Invest some time shopping by comparing quotes from other insurance
companies, including your existing one. Ask for discounts that you already
qualify for and adjust your coverage accordingly.
Go Green And Save On Your Lease
Beginning in 2006, businesses and taxpayers who lease, or purchase...
go-green-and-save-on-your-lease.php
Leasing With Bad Credit
Credit score is a measure of your credit worthiness used by leasing agentsto determine whether you are elig...
leasing-with-bad-credit.php
Lease Trading
Trading a lease is the best option for people who want to terminate a lease early and don’t want to pay the l...
lease-trading.php
Leasing Used Cars Explained
Leasing a used vehicle can be an attractive deal in many ways, no least getting you into that luxury model or SUV, fo...
leasing-used-cars-explained.php
Luxury Cars And Resale Values
The most determining factor when it comes to resale values is public perception of the br...
luxury-cars-and-resale-values.php
Fees Involved In Leasing
At the beginning of the lease, you have to pay a refundable security d...
fees-involved-in-leasing.php
Leasing And Your Credit Score
The leasing contract stipulates that you make regular, monthly payments over your lease term. The credit score you...
leasing-and-your-credit-score.php
How To Calculate Your Lease Payment
Actually, it’s not that difficult! Once you ...
how-to-calculate-your-lease-payment.php
How To Spot A Good Car Lease
So how do you spot a good deal? ...
how-to-spot-a-good-car-lease.php
How To Lease A New Car
Check incentives: be on the look-out for factory –subsidized lease deals. Car manufacturers realis...
how-to-lease-a-new-car.php
Leasing Glossary
Acquisition fee: A fee charged by a leasing company to begin a lease. Not all leasing companies ...
leasing-glossary.php
How To Get Out Of A Lease Before Your Contract Expires
It’s not all doom and gloom though. Actually, there is a number of options available to you.You...
how-to-get-out-of-a-lease-before-your-contract-expires.php
Auto Leasing Scams
Here we look at some of these common scams and how to avoid them...
auto-leasing-scams.php
The Residual Value Of Leasing
Let us first start by looking at the meaning of residual value. The term “residual value”, refers to the va...
the-residual-value-of-leasing.php
Buy Or Lease
As is the case with every other common dilemma, there is n...
buy-or-lease.php
Buy A Car At The End Of Your Lease
First, you need to know the cost of buying out your lease. Read the fine print of yo...
buy-a-car-at-the-end-of-your-lease.php
Using Lease Calculators
If you are considering a car lease, then you might want to know some key figures involved in the deal: the ...
using-lease-calculators.php
Independent Car Lease Companies
So which one is better?...
independent-car-lease-companies.php
Single Payment Lease
There are two amounts in a conventional lease that incur charges and determine your monthly lease payments. First...
single-payment-lease.php
How To Avoid Extra Costs At The End Of Your Lease
$250 to dispose of your vehicle, $1000 for extra miles yo...
how-to-avoid-extra-costs-at-the-end-of-your-lease.php
Benefits Of Leasing
Benefit Number 1: Keeping up with the latest t...
benefits-of-leasing.php
Lease Financing
Well, no quite! When you lease a car, you’re only using the car over a specified p...
lease-financing.php
Dealer Leasing Tricks
Here is a look at some of the tricks dealers use to pad their prof...
dealer-leasing-tricks.php
