The process of leasing a car may feel complicated and confusing, but it is actually quite simple.
If you are in the market for a new car, have done some research on different manufacturers and models, and have honed in on your preferred method of transportation, leasing a car is generally the best option.
For first-time car buyers, it is important to consider the various variables involved in leasing a car.
When is the best time to lease a car, and how is it different from purchasing one? Here is everything you need to know.
End-of-Month
The end of the month is actually one of the best times to lease a rental car since car dealers have monthly sales quotas to hit, and they will be looking to move out as many cars as they can in order to make their quotas. During this time, dealers may be more willing to negotiate and make a deal, as well as present incentives such as lower prices, more attractive lease terms, or additional accessories,
Many car manufacturers have end-of-the-month, or even seasonal, sales promotions that can make leasing a car even more attractive. Customers should always do their research, compare prices, and talk to different dealers to find the best deal, but the end of the month is an ideal time to take advantage of all potential lease offers.
End-of-Year
Most dealerships are trying to clear out their current inventory and offer attractive incentives to prospective 5-year car lease customers. Many offers could save you a substantial amount in the long run, including zero down payments and unbeatable interest rates.
Leasing a car is the perfect way to ensure that if the car should need repairs, they are usually covered under the warranty. This means that money saved on the cost of leasing can be used if any repairs should be needed. As a bonus, often at the end of the lease, you can either return the car or upgrade to a new one, provided you fulfill the lease contract.
Holiday Sales Events
During Black Friday and Cyber Monday sales, car dealership lots may offer attractive deals on the lease payment and other associated fees. This is due to the high turnover rate of cars and the dealership’s urgency to close a sale before the end of the year.
The dealership may offer special holiday discounts and incentives to sweeten the deal. Taking advantage of the sales events and promotions can provide shoppers with considerable savings and the chance to get a more luxurious car than they previously thought possible.
Model-Year Changeover
The best time to lease a car is during the model year changeover period. This is usually around August to October.
During this time, the prices of the outgoing models are dropped in order to make room for the new models, meaning that customers can get a great deal on a lease. It’s also important for customers to watch for incentives and discounts during this time.
Car dealerships offer many types of enticements during this period, such as cash rebates and discounts on monthly payments. It’s also a great time to get the latest technology and amenities for a car.
Manufacturer Incentives
These may include cash-back rebates, competitive interest rates, or low/no-money-down deals. For example, a car model may offer a cashback amount of up to $1,000 upon lease signing.
By taking advantage of these incentives, drivers can save a substantial amount of money on the initial cost of the vehicle. There is often the potential to roll the cost of the incentives into the lease agreement – eliminating the need for a large up-front payment.
Seasonal Considerations
During the fall and winter months, it can be a wise idea to look into leasing a car. This is due to the seasonal sales that occur during these months, offering significant savings and deals, such as having no or low down payment options.
This can give car buyers a great advantage and maximize their financial savings. During the winter, it offers a safer road ahead, as many brands release newer model updates that are loaded with the latest technology and features for added value. This can include features like driver-assistance systems to make your car rides even safer.
Special Events
There are usually offers, discounts, deals, and incentives that are exclusive to the event and not available otherwise. For example, many car companies provide extra protections and special lease term offers for their Black Friday and Cyber Monday events.
During the holiday season, the leasing companies also have several promotions throughout the month of December, some of which can help you save quite a bit of money. Keep an eye out for advertised offers from the manufacturer and leasing companies. You may be able to grab a great deal that serves you well during the event and beyond.
When You’re Ready
Car leasing involves an ongoing commitment of a minimum of two years, so you need to make sure you are prepared for the commitment and are comfortable with the car you choose. Consider your budget, lifestyle, and elasticity of car needs as you review all of the available leasing options.
You should consider researching leasing companies and dealerships to find the best rate, terms, and conditions to fit your needs. Do your due diligence and be sure the vehicle you choose fits into your long-term lifestyle.
When you are ready to take the leap and commit to a car lease is the perfect time. Cardinaleway Acura is one of the finest Las Vegas Acura dealers, so visit them for a car dealership that is perfectly aligned with your needs.
Timing Matters: Best Time to Lease a Car
Leasing a car is a great choice for those looking to finance a car with easy monthly payments. Take the time to carefully consider the options and get the best car deal for you. Start researching today to figure out when is the best time to lease a car.
