Published On Nov 6, 2020
In today's video, I will show you how to lease a car like A PRO! If you're in the market for a new car lease, then WATCH THIS! All my recommendations ๐๐พ https://bit.ly/naamwynn
In this video, I will show exactly how I was able to get the best possible lease with $0 money down.
I will first discuss whether or not leasing is for you and how there is an advantage to leasing a new car. I will then explain all the terminology you MUST know prior to leasing a vehicle.
Next, will go over the golden rule that most car leasing gurus use, which is the 1% rule/test. This general rule of thumb make allows you to guesstimate whether a lease deal is good or not.
Then I will go over something I failed to mention during my previous video which is your credit score. Credit Score is a big determining factor whether or not you can achieve a great lease. I will go over what are credit tiers and what you can do if your credit is less than stellar.
Next, I will dig deeper into the research process. I will share with you all the platforms and ways I do my research prior to ever contacting the car dealership. You will WANT to watch this!
Lastly, I will go over how to price a lease and negotiate a lease. With this information, you won't be played again at the dealership.
I added some bonus at the end as well, such as lease swapping, end of lease thoughts, and final thoughts.
Research Tools:
RODO App: https://refer.rodo.com/nam0
Edmunds Forums
https://forums.edmunds.com/discussion...
Leasehackr: https://leasehackr.com/
Carvana: https://www.carvana.com/
Vroom: https://www.vroom.com/
Timestamps:
0:00 What's Up Wynners!
1:31 What Is A Lease?
2:43 Capitalized Cost
2:57 Capitalized Cost Reduction
4:08 Lease Terms
4:30 Residual Value
5:10 Money Factor
6:26 Disposition Fee
6:46 Excessive Mileage Fee
7:18 Excessive Wear & Tear
7:45 1% Rule
9:25 Credit Score
10:59 Research
13:18 Timing
14:07 Research Process
17:56 Pricing
19:47 Leasehackr Calculator
22:44 Negotiation
26:58 Lease Swapping
28:02 End Of Lease
29:29 Final Thoughts
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Business Credit Lines:
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Credit Monitoring
โฎ Score Master ($1 7-Day Trial) ๐๐พ http://bit.ly/3HZ3cIN
โฎ Credit Karma ๐๐พ https://bit.ly/2ZWHH44
โฎ MyScoreIQ ๐๐พ http://bit.ly/3Y31yu8
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#carlease #1%lease #carleasenegotitation
DISCLAIMER:
This video and description contain affiliate links, which means that if you click on one of the product links, Iโll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for your support! This video is for entertainment purposes only. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video.