Types of Car Leases

You are ready to have a car but buying one is the issue. So you turn to leasing. You might have heard the typical “short/long-term” lease or “used car” lease but here are a few more specific options for you that you should be informed about.

Open-End Leases

A less common lease, this type of lease is used by businesses or those who find themselves traveling more than others. Consumers should expect:

  • Higher monthly payments
  • Having to pay for depreciation if car is under market value
  • If car does not depreciate, you may not be required to pay additional fees
  • Quicker depreciation due to excessive wear or mileage
  • No mileage restrictions

Close-End Leases

A most common lease consumers go for, where at end of lease you can “walk away”. It entails the usual:

  • Good credit gives you the chance of lower monthly payments
  • Agreeing to the fixed number of years lease contract states
  • Keeping up with required maintenance of car
  • Staying within pre-determined mileage
  • Returning car to dealership at end of the lease

“Option to Buy” Lease

This leasing option, particularly for new car leases, gives you the option to purchase the car at the end of the lease. Here are a couple tips towards the end of this lease:

  • When going over “option to buy” pricing, make sure to negotiate price and have it listed in the contract before signing. Is the negotiated price higher or lower than the car’s market value?
  • At the end of the lease, you can either pay cash to buy the car or finance the buyout price
    • If you decide to finance, be sure to negotiate interest rates.

Single-Payment Lease

Speaking of cash, this is where the single-payment lease comes in. Did you know you have the option to put a large amount of cash money down on a lease?

  • You can pay entire sum of the lease when you sign. This helps get rid of monthly payments and can possibly help eliminate most of the monthly interests.
    • Paying a large amount up front can help you catch a better deal on your purchase price
  • Finance rates will be lower and the chances of getting approved for this lease is better
  • With this lease, all the costs will be presented up front in the contract so you can see all the fees and other costs

Subvented Lease

This type of lease is quite unique. Offered by finance companies associated with a particular manufacturer, these leases are available because automakers need to get their inventory moving, especially those in low demand. With this lease:

  • It may only be available to those with great to excellent credit
  • If you qualify, it can save you a lot of money
  • Interest rates are lower
  • Estimated depreciation is lower, which can lead to lower monthly payments.

Now that you got a little insight on these numerous leasing options, it still can be scary and might get you confused in which option to go for. Luckily, Swapalease.com can help! Swapalease.com is the online marketplace with vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.

Summer Road Trip Car Care Tips

Summer is here and what better way to celebrate than taking a road trip with friends and family! Pack your bags and drive to your perfect getaway, but first, have you considered if your car can handle the trip? Many vacationers who use their car for road trips fail to prepare their car for the drive. Here are some hot tips to keep in mind for your summer ride!

Engine

Summer brings in the heat that we can’t seem to bare, neither can your car. The combination of hot temperatures and your coolant levels can cause a disaster. Especially if you are driving in the middle of nowhere. Low coolant levels increase the risk of your engine overheating and your A/C working double-time.

Check your coolant level yourself or at an auto shop and top it off if it is too low. If you are completely empty, make sure you don’t have any leaks.

If you are on the road, check your temperature gauge from time to time, check for any warning lights, and most noticeable, steam coming from the hood of your car. If any of these things happen, safely pull over and turn off your engine. Give your engine 30 minutes to cool down before opening your hood. Add coolant if needed. If you are all out of coolant, better call a tow truck.

Also, be sure to get a proper oil change before your trip!

Tires

During the hot summer months, tires are more prone to blowouts. You should make sure to check your tires at a gas station or an auto shop. Under-inflated tires, lack of air pressure, puts your tires’ components under greater strain, putting you at a higher risk of a blowout. Over-inflated tires could put you at risk of hydroplaning if you get stuck in rain during your trip.

Be sure to check the tread on all your tires. A simple hack to this is taking one penny. Make sure Lincoln’s heads-side is facing you and his head is downward. Place him into your tire groove, if you can see the top of his head, it is likely you need new tires.

If you are planning a big summer trip in advance, be sure to have your tires rotated every 5,000 miles

Interior and Exterior

The blazing sun without a doubt is getting you to put on some long sleeves during the ride and sunglasses. But what about your car? Too much UV rays can damage your dashboard, interior, and exterior paint. Before taking your car on a trip, wash and wax your car with a UV protecting polish to reduce sun damage and paint fading.

If your road trip requires numerous stops, try to park in a shaded area to protect your interior and exterior. It is suggested to also have a windshield cover to protect your interior and keep the car cool.

Steering wheel too hot to touch? Next time, turn your wheel 180 degrees before getting out so when you come back in, rotate your wheel back and you will have the hot spots at the bottom now!

With these summer tips, you should be able to enjoy your summer road trip with no worries. Do you find yourself needing that summer road trip car for your family? Swapalease.com is the largest online lease transfer marketplace. The online marketplace has vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.

Driver Safety Tips For Crazy Weather

Summer is here and for some states, it is as hot and bright out as ever! But some states are experiencing heavy rain. Dangerous conditions on the road can lead to dangerous accidents, but by following some tips while driving through crazy weather, you can reach your destination more safely. Here are some driver safety tips while driving in the rain and why not throw in some snow tips as well!

Driving In The Rain

  • Driving through heavy rain can be nerve-racking. Take your time and try not to rush to your destination. Driving too fast can cause you to lose control and hydroplane, especially if you hit an oil spill.
  • Be sure to not tailgate! Tailgating is often the cause of rear-end accidents and through the rain, it is harder to stop as quickly as if the roads were dry. Keep your distance.Even if it is bright as it can be outside. Because rain impairs the vision of many drivers, having your headlights on and rear lights on helps drivers see you more easily, especially in heavy rain where visibility is almost non-existent.
  • Even if it is bright as it can be outside, have your lights on in the rain. Because rain impairs the vision of many drivers, having your headlights on and rear lights on helps drivers see you more easily, especially in heavy rain where visibility is almost non-existent.

Driving In The Snow

  • Like driving through the rain, you also have the chance of sliding in snow or ice patches on the road. Drive slow and keep a good ten-second distant from cars. Cars tend to react more slowly in the snow so be sure to keep a steady pace. When you are coming up to a stop light, turn, and hills, keep the steady pace and do not rush. Slow down and safely stop when needed.
  • Be sure to check your tires. Cold weather reduces tire pressure, which can lead to a blowout or a flat tire while on the road.
  • Check your tailpipe! Because of how heavy snow can fall and build on the ground, it can get inside your tailpipe and get stuck. Compacted snow in your tailpipe can lead to carbon monoxide poisoning in the car. So before you go anywhere, check and clear out your tailpipe.

Remember, do regular checkups on your car’s maintenance to ensure that no matter what weather condition you are driving through, you will get there safely. If you need to upgrade your ride, check out the selection on Swapalease.com

Swapalease.com is the largest online lease transfer marketplace and has vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW

Celebrating The 4th of July With Liberty and SUV Lease Deals For All!

Get you sparklers ready and jump for joy because there is something else you should be celebrating on 4th of July: lease deals! That’s right, half of the year is already over and dealers are offering unbeatable deals on SUVs! Planning a 4th of July trip with your family? Take a look at these SUVs and you might find your new ride! Hurry before these deals end!

  • 2017 Honda HR-V
    • Subcompact SUV, 28 city/34 highway, 5-seater, cargo volume 23.2 to 24.3 ft³, 55.9 to 58.8 ft³ with seat area.
    • *Offer valid through July 5th: $179/mo for 36 months. $2,299 due at signing.
  • 2017Jeep Renegade
    • Subcompact SUV, great for off-roading, 24 city/31 highway, 5-seater, cargo volume 18.5 ft³, 50.8 ft³ with seat area.
    • *Offer valid through July 5th: $219/mo for 36 months. $3,499 due at signing.
  • 2017 Kia Sorento
    • Mid-size SUV, 21-city/ 28 highway, 5-7 seater, cargo volume 11.3 to 38.8 ft³, 73 to 73.5 ft³ with seat area.
    • *Offer valid through July 10th: $224/mo for 36 months. $2,599 due at signing.
  • 2017 Nissan Murano
    • Mid-size SUV, 21 city / 28 highway, 4-5 seater, cargo volume 32.1 ft³, 67 ft³ with seat area.
    • *Offer valid through July 5th: $259/mo for 36 months. $ 3,599 due at signing.
  • 2017 Ford Expedition
    • Large SUV, 15 city / 21 highway, 8-seater, cargo volume 18.6 ft³, 108.3 ft³ with seat area.
    • *Offer valid through July 5th: $539/mo for 36 months. $2,939 due at signing.

*Prices May Vary Depending On Dealer*

Ready to lease out the SUV or look at any other vehicles you have your eye on? Swapalease.com has been helping people who want to switch up their ride for more than 15 years. Headquartered in Cincinnati Ohio, Swapalease.com is an online marketplace that carries a massive selection of vehicles to lease! For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW