Over the last few years, the car leasing market has seen significant growth. In fact, it’s expected to grow by 12.61 percent by the end of the year 2021.
Have you been thinking about leasing a car? Do you have questions like “When is the best time to lease a car?”
If so, keep reading. Everything you need to know is explained down below.
Benefits of Leasing a Car
There are lots of reasons why you might want to lease a car instead of buying one. The following are some of the greatest advantages regular leasers boast about experiencing:
- Lower monthly payments
- Low downpayment (or no downpayment at all in some cases)
- Drive a better car while spending less money
- Lower repair costs
- Easy transitions to new cars
- Spend less in sales tax
When you’re ready to upgrade to a different car, you also don’t have to deal with any hassles at the dealership while trading in your current car. The process is simple and straightforward.
When Is the Best Time to Lease a Car?
Okay, you’re starting to warm up to the idea of leasing a car. Did you know, though, that there are certain times that are better for leasing than others?
The following are some of the best times to lease a car to ensure you get the best deal possible:
After a Major Model Change
When a new model of a particular car is released, the previous years’ models will be available at a lower price. If you don’t mind driving an older car, you can save a lot of money by waiting until an upgrade hits the market.
At the End of the Month or Year
Most car dealerships offer deals on cars (for lease as well as for sale) at the end of the month and at the end of the year. These deals help salespeople hit their target and make way for new inventory.
During the Holidays
Many dealerships also have lease promotions going on during the holidays. Memorial Day and Labor Day are big ones, as are the Fourth of July and Christmas.
Tips for Leasing a Car
If you’re getting ready to lease a car and want to get the best deal possible, looking during one of the times listed above is a great starting point. The experts at Car Leasing Guru have some other recommendations, including the following:
- Calculate your monthly payment first to see what you can afford
- Check your credit to see what kind of interest rate you qualify for
- Research the dealership’s leasing terms
This last point is especially important. Always read the fine print before you agree to lease from a particular dealership so you don’t get any unpleasant surprises.
Lease Your Car Today
You can now answer the question “When is the best time to lease a car?” with ease. With this information in mind, the next step is to go ahead and start preparing to lease a car. Remember these tips and get ready to find the car of your dreams right away.
Do you want to learn more about cars or car rentals? If so, we have tons of resources on our site just for you. Check them out today to take your knowledge to the next level.