LEASING A CAR. INFORMATION YOU NEED TO KNOW

RUS version here

In the United States, automobiles are the most common form of transportation. It is a huge industry. In previous issues, we discussed the pros and cons of buying and leasing a car. Today, we will discuss leasing. It is a very popular and convenient way to possess a car. Basically, it is a long-term rental. PANAUTO MIAMI's president, Dmitry Chernyak, is a seasoned professional who assisted us with the details of this process.

1. If you have already chosen the car and the leasing process has begun, is it worthwhile to purchase additional insurances?

The answer is yes. However, only if the price offered is fair in comparison to the comfort and time savings they will offer. The dealership will try to charge as much as possible for these services. They do not always have the best price in mind. Each proposal needs to be analyzed.

2. Are these types of insurance recommended? Excess Wear&tear? Tires & Wheels? Maintenance?

According to the answer above - yes, we recommend them. This will depend on the price at which the financial manager is trying to sell these services to you. It is necessary to evaluate carefully the cost of servicing the car at the dealership, in unofficial services, along with the mileage that you will use, the operating conditions of the car and compare it with how much time and convenience you will get by doing so. Different brands have different package prices, and the cost of maintenance varies between dealers and non-official services. The number of services for the same car mileage may vary. Our experts are always ready to give their recommendations in this matter. Having eight years of leasing experience with more than 20 car brands enables us to accurately determine the benefits of the offers available.

3. The insurance company gives you the choice between having the car repaired at their body shop or your choice. Which should you choose? Do you get additional benefits if you have your car repaired at the dealership?

Everything is very individual in this case, and depends on the dealership and its policy; the insurance, insurance conditions, and what coverages are included, etc. Each situation should be considered individually.

4. What should be done before returning the car?

After the lease period ends, the car must be returned in a state of normal wear and tear. All wheels must be within acceptable limits. A chip or a dent on the car should not exceed 10 cents, and a scratch should not exceed the size of a side of credit card. In case the damage to the car exceeds these criteria, we recommend restoring it at your own expense, because dealer-provided repairs are generally much more expensive. To determine whether it is worth repairing yourself or if it will still be cheaper in an official car dealership, you need to undergo an inspection. Once you receive an estimate of the damage, you can decide what is most beneficial for you. Also, monitor the mileage and, if it approaches the limit, assess whether it makes sense to continue driving the vehicle or whether it is better to change it ahead of schedule. Our experts will be happy to advise you on each of these matters

5. What if the wheels do not have insurance? Should they be replaced?

If the wheels are within acceptable wear limits, they do not need to be replaced.

6. the lease is coming to an end, many dealerships offer to switch the car with them ahead of schedule. Is it better to wait until the lease expires or to do this now?

In 90% of cases, early car changes are not beneficial. There are just a few brands that offer special programs that cover the last three to six months of payments. In order to conceal these charges, they reduce the discount on a new car.

Moreover, I want to add here that you need to approach the issue of selecting a new car in advance, taking into account the current mileage and limits of the car, the condition of the car, and the possibility of finding the desired new car on the market. Analyze the market and figure out if it makes sense to switch cars early or if you should drive to the end. Our experts are always happy to help. They thoroughly analyze each client's particular situation, perform a full analysis, and then offer the most optimal and best option for their personal requirements.

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ADVANTAGES of buying with PANAUTO MIAMI:

• - WHOLESALE PRICES
• - ONLY THE BEST SERVICE. 5 STARS – GOOGLE, FACEBOOK, DEALRATER
• - 8 YEARS OF EXPERIENCE IN LEASING AND CREDIT FOR EMIGRANTS
• - ACCESS TO PROGRAMS OF MORE THAN 20 MOST POPULAR CAR MANUFACTURERS

Dmitry will reveal what is really hidden behind the bright "$0 downpayment" advertisements, what you still have to pay for, and what payments you can avoid and save big time in the next issue.