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Wednesday, July 1, 2009

Learn The Strategies On How To Negotiate a Car Lease

By Karl Grutache

You need to go into this situation believing and knowing you can learn how to negotiate a car lease. A lot of people who may want to negotiate don't know they can do it or its an option so they just let it go. If you are serious about it, you must negotiate on the price, because if you don't they will have you spending more than you have to.

In recent years it has become a lot more popular than in the past. The first step you need to learn with this process is whether or not you should be looking at this as an option. Reason being, depending on the situation you are in, it may be a better option for you than to buy.

Now maybe you need to keep your options open because you don't know what your situation truly will be in the upcoming year, if this you, then this may be a pretty good option for you. But, perhaps you are one of those persons who have a tendency better yet a pattern of buying a new car every 2 to 3 years, if that's you, then you need to consider doing it. If you go this route, then learning how to negotiate should be mandatory for you.

In reality, everyone should reach a point in their lives, where they know how to debate cost, because this skill will come in handy, especially with automobiles. When dealing with price of a vehicle, two basic skills are a necessity, determination and knowledge.

In this instance, knowledge is a bigger asset, even more than determination. The manufacturer's suggested retail price or 'MSRP' is the main piece of information that you need. It's simply the price that the auto company is setting for the dealership to charge for a vehicle. As with most things, doing a Google search will lead to finding it pretty easy, so don't stress over it.

As soon as you figure out the MSRP, you have a basis to start your bargaining process with the dealer. To determine a monthly payment, the biggest factor is the agreed upon value of the car, which the dealer divides by the length of the lease.

It's apparent the dealership wants to make the most money they can, so you need to know that they are going to set the value as high as they possibly can. The MSRP is your basis, never let the dealer give or use a number value that is higher than that, no matter what the situation may be!

At this point, your determination and knowledge will now gel together. Follow your first instinct, stick to your price that you have set. When the dealer tries to sell you all of the extra features and bells and whistles, that you don't need nor want, deny him every time. He may even try to get a little pushy, but stand your ground.

With proper preparation and research, this part of the process will not be that difficult. In fact, you may even find it fun. Remember, the power is yours, you're the one with the golden egg. Before you sign anything, make sure you have the best bargained price you can possibly get.

Make sure you go to multiple dealerships, and be sure to take your figures with you. This will help you to gain leverage for this process as well as allow you to be more comfortable with doing it. You will find a great deal as long as you hold your ground and stick to your guns.

So to save yourself some serious dough, make sure you follow these strategies about how to negotiate a car lease. By preparing and doing your research, you will win. Always remember, you are in control and the dealer needs you, bottom line. Don't allow yourself to fall for their tricks, fake bullying, or smooth talk, stay focused, hold your ground and you will get the vehicle you want at the price you set. - 21392

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