The majority of the dealerships that deal with leasing give the consumer around 15,000 miles a year for the vehicle. If the mileage is over the allowed mileage it is the norm for a dealership to charge anywhere from 10 cents to 25 cents per mile over the allowed mileage. This in itself can end up costing a lot more than anticipated in the long run at the leases end.
On most occasions it is possible to negotiate the mileage of a lease vehicle prior to signing the agreement. So, before you go to the dealership try to be aware of the estimated miles you will need in order to stay under the lease terms and not end up spending money you do not need to.
The sales tax is another way to determine if a lease is a good one or not. The sales tax can typically be added into the monthly payments, therefore it does not have to be an initial out of pocket expense. Not all dealers will do this, some prefer that the consumer pay the sales tax up front in order to keep the lower payments.
It is necessary to be aware of all of the small print on both sides of the contract. This way there will not be any hidden up front costs to the consumer at all. Make note if the monthly payments are written as not including the sales tax. This can be an added monthly expense that was not figured into the individuals budget.
