How to Get a Closed-End Car Lease

Leasing a car is actually a long-term car rental. It's an affordable way to be able to drive a brand new auto. Leasing payments can be up to 60 percent less than normal car payments. Down payments on leased cars are also less than if you would buy a car. Use these tips to learn how to get a closed-end car lease.

  • Visit one or more car dealerships to find the car you want to lease. If you're not sure what type of car you want, visit Autobytel.com on the Internet. You'll find out which are the ten most popular cars and trucks, which vehicles get the best mileage, which are the least and most expensive, etc.

  • Decide on one or more cars you're interested in leasing. Check out their values from the Kelley Blue Book.

  • Agree on a firm selling price for the exact car you want before you do anything else. The selling price will determine several aspects of your lease agreement such as the amount of the monthly payments.

  • Request a "closed-end" car lease and negotiate the details of your car lease. This type of lease basically allows you to return the car after the lease ends. You'll have to pay charges like "excessive mileage" or "wear-and-tear," if applicable. Once you've fulfilled your lease, you're free from it.

  • Get all of the details of the closed-end car lease in writing before you sign on the dotted line. Read the contract thoroughly and ask questions about any parts you're not sure about.

  • Get copies of the lease agreement and all other documents you have signed. Then, drive away in your new auto.