| Are you struggling with the decision whether to lease | | | | you choose should not have mileage that exceeds |
| or buy a new car? You many not realize that leasing | | | | 12,000 miles per year. If you find a three-year-old care |
| a used car is another option that's available to you. | | | | with 50,000 miles on the odometer, keep shopping. It's |
| Leasing a used vehicle is an attractive option for those | | | | not your best choice for a used vehicle lease. |
| drivers who want an affordable alternative to driving a | | | | After you've verified the mileage, look for signs |
| luxury sedan or truck. | | | | excessive use. Check for worn seat fabric, damaged |
| Thorough research is the key to finding the best deal | | | | interior elements, worn pedal pads and a dirty engine. |
| when leasing a used vehicle. The place to start is price | | | | These can all indicate poor maintenance or a potential |
| research. | | | | odometer roll-back. The car may well be marketed as |
| When you research price, focus on the initial market | | | | "certified", but it's still in your best interest to have it |
| value and the estimated residual value. These are the | | | | thoroughly inspected by a trusted and qualified |
| vehicle's key figures. It's harder to predict these figures | | | | mechanic. |
| with used cars, because there are no pre-determined | | | | Gap coverage is a type of insurance that is offered |
| factory sticker prices and the residual percentages are | | | | on a new car lease to protect the driver against |
| determined by the subjective current retail value. That's | | | | vehicle loss, theft or damage. However, this type of |
| why it's important to gather several value estimates | | | | coverage is not typically offered on a used car lease. |
| and then find a median price. You can find this | | | | Your automobile insurance policy may only cover the |
| information by visiting local dealers or searching online | | | | value of your car at the time of loss, and not cover |
| at sites like and | | | | the amount owing on the lease. This difference can |
| Comparing the used car lease with a lease on a new | | | | run into thousands of dollars, a serious deterrent to |
| car of the same make and model is another way to | | | | most people. |
| pin down a good estimate. This tactic provides an | | | | Try to arrange your own gap insurance on the used |
| overview of the differences between new and used | | | | car lease, for your own peace of mind. These |
| car leases. Similar to leasing a new car, a used car | | | | arrangements can be made directly with the dealer or |
| lease is naturally more attractive when the residual | | | | through an automobile insurance company. |
| value depreciates the least. It's easier to find a leasing | | | | If you've always wanted to drive a high-end car, but |
| bargain with a high-end luxury vehicle that holds its | | | | can't manage the high payments, consider a used car |
| value. | | | | lease. It can be just what you need to get you cruising |
| Your next step is to verify the initial mileage and the | | | | in high style, without the high price. |
| overall condition of the vehicle. The used vehicle that | | | | |