Many people favor leasing a car over buying it because they don’t want to hold onto it long-term and they don’t want to own a depreciating asset. Also, there are many tax benefits of leasing rather than owning.
In the luxury auto market when you are talking about cars that cost more money than some houses, it’s common that their drivers look for a favorable lease term.
And by favorable, this doesn’t just refer to the price. The length of the term comes into play, as does the allowed milage and the maintenance package that is included.
Sometimes the best way to catch a good lease deal on a luxury car is to always be in the loop when it comes to new deals and offers. Here are some ways to make sure you don’t miss a great opportunity.
Always Check “Special Offers”
The luxury auto manufacturers don’t keep their lease specials hidden. They are all out in the public, although some of their websites require some digging to uncover them as they are not out in the open.
“Make it a habit to regularly check the manufacturers’ website and visit the special offers section. They will typically have an updated list of current purchase and lease offers,” says Chris Moberg of Slumber Search.
These are typically updated on a monthly basis, to be sure to check back often.
Consult with a Luxury Auto Broker
There are a lot of luxury auto brokers that will help negotiate terms as well as help you locate the car of your dreams and work out a payment and lease structure that works for you.
These are good contacts to have as they are involved in the market on a daily basis. They can tell you all of the current offers as well as tell you what offers are the most appealing in terms of value.
Network at Cars and Coffee Events
In almost every city you can locate a cars and coffee event on the weekend, pending good weather. Check local Facebook groups or talk to the dealerships to see what is available in your area.
“Cars and coffee events are a great networking opportunity, where you will not only hear about the best lease deals available but also potentially meet valuable business connections as well,” offers Chris Dziak of Pure Nootropics.
Also, if there is a particular car you are interested in go talk to someone that owns one. Ask for feedback. Sometimes this is the type of information that will help you make a final decision.
Be Active on Auto Forums
Online car forums are very popular and there are several manufacturer specific forums that you can join and talk with other car owners.
“Forums are a great way to search for information and the luxury auto community is very tight-knit. If you don’t find what you are looking for just ask as there are plenty of people willing to help and share their information,” says Henk Schipper of Jaloezieen Fabriek.
You will find that the auto community is very close and all it takes is asking a question to get your answer quickly. A simple, “Hey, what it the best current luxury lease offer” can open up valuable information and feedback.