Car Buying Tips for all

Posted in by admin on January 9th, 2012

So how do you spot a good car buying tip? First, you need to find out if there are any down payments on the lease . A down payment refers to the lump sum amount that you pay upfront, either in cash, non-cash credit or trading allowance, to reduce your monthly payment. You should think twice before putting money down on a lease: not only are you getting a rough deal, as youre essentially forfeiting the general rule of leasing: not putting any cash upfront, but the money is not recoupable at the end of your lease. There is another big disadvantage: in the event of your car getting damaged or stolen, your insurance won’t cover the loss because of the gap cost.