Brooklyn, New York (PRWEB)
April 21, 2017
World Wide Automobile, in Brooklyn, NY, has earned a reputation for honest dealing, and for its great inventory of both leased and used cars for sale. The company serves the entire Tristate area as a lease return center, meaning any leased car may be returned to their location, regardless of which dealership it originally came from. As lease return experts, they offer valuable services for anyone thinking about ending their lease early by providing professional consulting, condition evaluation and vehicle preparation to minimize any potential penalties and fees typically associated with early lease termination. For anyone looking to lease a new car, World Wide Automobile has offered some valuable tips.
While choosing a new car is one of the more emotional financial decisions a consumer will make, it is important to choose a car with good resale value and strong “residual value,” which is the amount of value still left in the car after the lease runs out. “When you lease a vehicle you are essentially paying for its depreciation, plus interest, tax and some fees,” says Timour Ebzeev, vice president and co-owner of World Wide Automobile. “So if you choose a car that holds its value, or depreciates less, your lease payment will be lower.”
Always check around with different dealers for leasing specials. Henry Aybinder, co-owner and vice president of World Wide Automobile explains: “If a car isn’t selling steadily enough, the manufacturer might offer special leasing offers at special low monthly payments by modifying the leasing formula in certain ways, such as offering a lower than normal interest rate.” Another piece of advice is remember to check for manufacturer’s instant and mail-in rebates, which may not even be known by your dealer of choice, which frequently will add value to the vehicle’s residual value.
Finally, one of the most “insider” tips of all is regarding the mileage on a leased car. Many people are aware of the potential to owe on mileage driven over the typical 12,000 – 15,000 per year in lease contracts. But what many people don’t know is that mileage changes are one of the few things that can be changed in mid-lease. “If your job or life situation changes mid-lease and you need to add more miles to your contract, usually a simple call to the bank will take care of it by adding more miles, which is usually a better solution than paying a lump sum at the end of the contract,” says Igor Grinshpun, co-owner and vice president of World Wide Automobile. “Of course, before entering into a lease contract, be sure to accurately calculate just how many miles you drive per year. Many people hugely underestimate their driving habits and get a big surprise later.”
For more information on great car lease deals, visit World Wide…