Single Payment Car Leases

As you pick out your new car, there is the option to pay in full, upfront and drive home with no worries.

The option to make this one large single payment is also an option for a leased car upon signing. Paying the entire amount of the lease up front rids of the concern of making late payments and ruining credit.

Within this single payment option, there are two approaches to this option.

Approach #1

In this approach, you will pay for the depreciation value of your car, sales tax, and the total amount of monthly payments upfront. You will still need to pay interest on residual but will not have to pay interest on depreciation.

Approach #2

Monthly payments would be computed by leasing company that will include sales tax, then multiplied by that number by entire leasing term to calculate. This approach is easier to compute, where you are paying the same amount of lease if all monthly payments were added up.

 

As paying off your leased car upfront seems like the way to go, putting all that money down at signing can all go down the drain if the inevitable happens, like if your car is stolen or is totaled. The insurance company will only cover the market value of your car.

Now that you got a little insight on this option when getting your leased car, be sure to review all your options for the best deal possible. 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.

DIY Engine Oil Check

Taking your car to get your oil checked is a routine you should get used to. You are probably familiar with what to do when you want your oil checked. You take your car at a local mechanic or at the dealership where you purchased your car and in a jiffy, they will let you know your oil level. This has probably left you thinking, “Can I do it myself?”. Here is a DIY guide to checking your engine’s oil.

Step 1: Warm Engine 

Turn on your car to warm up your engine, not too hot or you can hurt. Once your car is turned off, open your car’s hood and find the oil dipstick (you can pull this from the engine).

Step 2: Using Dipstick To Check Oil

Once you pull dipstick from the engine, wipe off the oil from it. Once you have a clean dipstick, insert it back into the tube it came from and push it all the way in.

Step 3: Reading Your Dipstick

Pull out the dipstick and observe both sides of the dipstick to check where the oil has stopped. There are various indications that can help you determine your oil level. You can either have to pinholes, two markings reading “L” (Low) and “H”(High), two marking reading “Min” and “Max”, or crosshatching.

Step 4: Inspect Oil Color

Typically, the oil in your engine should be brown or black, or in between the two. If you pull out the dipstick and the oil seems light and milky, more than likely the coolant has leaked into the engine. This can be fixed at an auto service shop where they can drain the oil properly.

Step 5: Figuring Out The Oil You Need

If your oil is low, refer to your owner’s manual to inform yourself on which grade of oil you should be using. Your designated oil should look something like “OW-20” or “5W-30”. You can visit your local auto part store or any store that sells engine oil. If you want to buy a bundle, buy them in quarts for that is usually almost the amount you need every time you refill your engine oil.

Step 6: Pouring In The Oil

On top of the engine, you should be able to see your oil filler cap. Remove the cap and take a quart bottle of oil that you have purchased. With a funnel in hand, pour in your oil from your quart bottle a little at a time. Avoid overpouring, for this is not good for your engine. once you have added half a quart, let the oil settle and check the oil level with your dipstick (pr3eferably wiped off beforehand). Keep pouring small amounts at a time until your engine is full. Half a quart should do, but if you are still low or have just reached the minimum fill level, go ahead and use the rest of the quart. When you are filled, put the oil filler cap back on and make sure it is closed correctly.

Needing a Second Quart?

If your engine happened to be on empty in the beginning of the oil fill process and the first quart wasn’t enough, go ahead and add the second quart. Be sure to add a little as you go, stopping in between to check levels.

Checking your oil at home seems pretty easy right? Remeber, changing and checking your oil are two different worlds. If you do not know how to change and drain your engine’s oil, take it to an auto service shop.

 

Head over to Swapalease.com and check out all the of great lease vehicles they have to offer. Swapalease.com is an online marketplace that allows drivers to list their current lease and helps match them with buyers looking to take over the remainder of that 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.

 

 

Fall Car Care Month

It’s Fall Car Care Month! As winter approaches, it’s critical to make sure your car is in a condition where your car won’t break down, especially if you break down in a bad winter snow storm. Below is a checklist for your car to ensure your car is ready for winter. Visit your dealership or local auto mechanic.

Check Hoses and Belts Look for any cracks, any fraying or signs of wear and tear.

Replace Battery If Needed Be sure there is a clean connection and no corrosion.

Check Exhaust System Be on the lookout for any unusual noises, leaks, broken or damaged supports or hangers.

Check Steering and Suspension Steering and suspension systems should be checked annually. Make sure to check shock absorbers, struts and chassis parts.

Check Tires As some may know, the winter months and cold weather and mess with your tires. Be sure to check all the pressure in your tires and check your tread. Also, look for any bulges or bald spots. If there are any uneven balances in wear, it would help to have a wheel alignment.

Check HVAC (Heating, Ventilating, and Air Conditioning)

Check All Fluids Brake fluid, wiper fluid, power steering, antifreeze/coolant, engine oil.

Interior and Exterior Lighting Check to make sure interior lighting and lighting displays on the dashboard is working properly. Also check exterior lighting to ensure headlights, taillights, turn signals, and reverse lights are working.

 

If your current vehicle is not suitable for winter driving or you are just not happy with your car try out another one with Swapalease.com. Headquartered in Cincinnati Ohio, Swapalease.com is an online marketplace that allows drivers to list their current 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