Car Leasing Checklist

Car Leasing Checklist


When you’re looking to get behind the wheel of a new ride around Milford, Manchester, or Middletown, Connecticut, then leasing a car is an excellent option.

Not only do you get the flexibility that leasing provides, but you can also drive a new car every few years.

However, as with any large financial decision, it’s a good idea to look at a car leasing checklist to get the best idea of how to go about the lease process.

Ready to learn more? Then let’s get started!


Online Car Shopping

Research

Before making any crucial decision, it’s always a good idea to do some research on leasing. Car-leasing terminology may differ from traditional car-buying verbiage, so it’s a good idea to know what the process may entail and the important words you should be familiar with.

Here are some common phrases and terminology you may encounter:

  • Lessor/lessee: The lessor is the manufacturer or dealership; The lessee is you.
  • Maturity date: This is when your lease is due to be returned, usually 36 months after you begin the lease.
  • Residual value: This amount helps determine your monthly payment, as the lessor determines a future value for the vehicle after your lease is complete.

Now that you know some of the common terminology used during the leasing process, let’s dive into setting your budget and lease specials.


Budget

Determine Your Budget

One of the benefits of leasing is that the monthly payments may be less than a traditional auto loan. Still, you want to determine your budget and have the proper down payment, as some leasing specials require a specific amount down.

Depending on what vehicle you want, your budget may vary. In addition to determining your budget, you should also browse leasing specials, like the ones at our dealership.

Leasing specials are a great way to step into the driver’s seat of a ride you love for an excellent value.


Car Dealer

Know How Many Miles You Plan to Drive

Most leases provide the lessee with a mileage range per year, usually around 12,000 miles per year. It’s also important to make sure that your lease fits your mileage needs. That way, you can drive your car the distances you need without acquiring any penalties for going over the mileage.

Find Your Vehicle

With terminology, budget, and mileage in mind, it’s time to begin the hunt and finding your next car. At our dealership, we offer a wide range of vehicles. These include Chevrolet, Hyundai, and Genesis.

We make it easy to sort through our new vehicles. You can refine your search by the following:

  • Make
  • Model
  • Price
  • Trim

Refining your search makes it easy to narrow down your options to only the vehicles you want to see. Have any questions about our inventory? Our team is here to help you out.


Have Confidence in Your Leasing Checklist

Now that you have a leasing checklist, you can be confident when going into a new car lease. Here at Key Cars, we are here to provide Milford, Manchester, and Middletown, CT, drivers with the perfect ride.

Visit us today or online to begin your journey with a car lease!


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