{"id":47113,"date":"2024-10-10T15:00:00","date_gmt":"2024-10-10T22:00:00","guid":{"rendered":"https:\/\/mycarmakesnoise.com\/?p=47113"},"modified":"2024-10-09T19:25:07","modified_gmt":"2024-10-10T02:25:07","slug":"key-things-to-consider-before-leasing-a-vehicle","status":"publish","type":"post","link":"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/","title":{"rendered":"17 Key Things to Consider Before Leasing a Vehicle"},"content":{"rendered":"\n<p>Leasing a vehicle can be a great option for those looking to drive a new car without the long-term commitment of buying. However, before signing any lease agreement, it\u2019s important to understand the key factors that can impact your experience. From monthly payments to mileage limits, being informed will help you make the best decision. Here are 17 essential things to consider before leasing a vehicle.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Lease_Term_Length\" title=\"Lease Term Length\">Lease Term Length<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Monthly_Payment\" title=\"Monthly Payment\">Monthly Payment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Mileage_Limits\" title=\"Mileage Limits\">Mileage Limits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Residual_Value\" title=\"Residual Value\">Residual Value<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Down_Payment\" title=\"Down Payment\">Down Payment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Early_Termination_Fees\" title=\"Early Termination Fees\">Early Termination Fees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Vehicle_Wear_and_Tear\" title=\"Vehicle Wear and Tear\">Vehicle Wear and Tear<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Lease_Buyout_Options\" title=\"Lease Buyout Options\">Lease Buyout Options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Insurance_Requirements\" title=\"Insurance Requirements\">Insurance Requirements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Gap_Insurance\" title=\"Gap Insurance\">Gap Insurance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Lease_Incentives\" title=\"Lease Incentives\">Lease Incentives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Lease_Return_Condition\" title=\"Lease Return Condition\">Lease Return Condition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Customization_Restrictions\" title=\"Customization Restrictions\">Customization Restrictions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Sales_Tax_and_Fees\" title=\"Sales Tax and Fees\">Sales Tax and Fees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Credit_Score\" title=\"Credit Score\">Credit Score<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Manufacturers_Warranty\" title=\"Manufacturer\u2019s Warranty\">Manufacturer\u2019s Warranty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#Driving_Habits\" title=\"Driving Habits\">Driving Habits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#More_from_MyCarMakesNoise\" title=\"More from MyCarMakesNoise\">More from MyCarMakesNoise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#15_Exclusive_Custom_Vans_Gaining_Popularity_Among_Collectors\" title=\"15 Exclusive Custom Vans Gaining Popularity Among Collectors\">15 Exclusive Custom Vans Gaining Popularity Among Collectors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/mycarmakesnoise.com\/general\/key-things-to-consider-before-leasing-a-vehicle\/#16_Fun_Facts_You_Didnt_Know_About_the_Jeep_Wrangler\" title=\"16 Fun Facts You Didn\u2019t Know About the Jeep Wrangler\">16 Fun Facts You Didn\u2019t Know About the Jeep Wrangler<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lease_Term_Length\"><\/span><strong>Lease Term Length<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Financing-a-Car-Is-Difficult.jpg\" alt=\"\" class=\"wp-image-28352\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Financing-a-Car-Is-Difficult.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Financing-a-Car-Is-Difficult-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Financing-a-Car-Is-Difficult-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>The length of the lease is crucial because it determines how long you&#8217;ll be committed to the vehicle. Standard leases range from 24 to 48 months, with shorter leases often leading to higher monthly payments but more flexibility. On the other hand, longer leases may offer lower payments but require a longer commitment. Consider your future plans, as breaking a lease early can be costly. Evaluating your driving habits and lifestyle will help you choose the best lease term.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Payment\"><\/span><strong>Monthly Payment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/07\/Low-Monthly-Payments-for-Long-term-Loans-1024x683.jpg\" alt=\"\" class=\"wp-image-7905\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/07\/Low-Monthly-Payments-for-Long-term-Loans-1024x683.jpg 1024w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/07\/Low-Monthly-Payments-for-Long-term-Loans-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/07\/Low-Monthly-Payments-for-Long-term-Loans-768x512.jpg 768w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/07\/Low-Monthly-Payments-for-Long-term-Loans.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Leasing typically offers lower monthly payments compared to buying a vehicle. However, the exact amount you pay depends on factors like the car&#8217;s price, depreciation, and residual value. It&#8217;s essential to ensure the monthly payment fits comfortably within your budget. Keep in mind that additional costs, such as maintenance or insurance, may not be included. Carefully reviewing the payment terms helps avoid any financial strain.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mileage_Limits\"><\/span><strong>Mileage Limits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/07\/High-Mileage-1024x683.jpg\" alt=\"\" class=\"wp-image-7685\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/07\/High-Mileage-1024x683.jpg 1024w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/07\/High-Mileage-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/07\/High-Mileage-768x512.jpg 768w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/07\/High-Mileage.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Leases usually come with mileage limits, typically between 10,000 and 15,000 miles annually. Exceeding these limits can lead to expensive overage fees, sometimes charged at 15-30 cents per mile. If you have a long daily commute or love road trips, it&#8217;s wise to estimate your yearly mileage carefully. You might be able to negotiate a higher mileage limit upfront to avoid future costs. Planning ahead can save you from surprise fees at the lease\u2019s end.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Residual_Value\"><\/span><strong>Residual Value<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/cars-market-value.jpg\" alt=\"\" class=\"wp-image-24097\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/cars-market-value.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/cars-market-value-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/cars-market-value-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>The residual value represents the car&#8217;s estimated worth at the end of the lease term. A higher residual value lowers your monthly payments since you&#8217;re only paying for the depreciation. If you plan to buy the car at the end of the lease, this value becomes your purchase price. Cars that retain their value well make for better leasing options.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Down_Payment\"><\/span><strong>Down Payment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"563\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/Not-Making-a-Down-Payment.jpg\" alt=\"\" class=\"wp-image-23150\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/Not-Making-a-Down-Payment.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/Not-Making-a-Down-Payment-300x169.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/Not-Making-a-Down-Payment-768x432.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Though leasing usually requires a smaller upfront payment than buying, a down payment can still reduce your monthly costs. Larger down payments lead to lower monthly payments but can increase financial risk if the vehicle is damaged or stolen early in the lease. Weigh the benefits of putting more money down versus keeping cash on hand. Some leases offer no down payment options, which may be appealing if you&#8217;re looking to minimize initial costs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Early_Termination_Fees\"><\/span><strong>Early Termination Fees<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Early-Termination-Fees.jpg\" alt=\"\" class=\"wp-image-26003\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Early-Termination-Fees.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Early-Termination-Fees-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Early-Termination-Fees-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Ending a lease early can result in hefty fees, making it important to assess your long-term commitment before signing. Life changes, such as moving or a shift in financial circumstances, could force you to end your lease prematurely. Be sure to check the lease agreement for early termination clauses, as the penalties can be substantial.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vehicle_Wear_and_Tear\"><\/span><strong>Vehicle Wear and Tear<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/04\/Regularly-inspect-your-tires-for-wear-and-tear.jpg\" alt=\"\" class=\"wp-image-17514\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/04\/Regularly-inspect-your-tires-for-wear-and-tear.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/04\/Regularly-inspect-your-tires-for-wear-and-tear-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/04\/Regularly-inspect-your-tires-for-wear-and-tear-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Normal wear and tear is expected, but any damage beyond that may lead to extra charges when you return the vehicle. Leasing companies inspect the vehicle at the end of the term to assess its condition, and repairs for scratches, dents, or interior damage can be costly. Regular maintenance and care can help avoid penalties for excessive wear. Familiarize yourself with the leasing company\u2019s definition of \u201cnormal\u201d wear and tear before signing the agreement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lease_Buyout_Options\"><\/span><strong>Lease Buyout Options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"437\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/What-are-the-insurance-costs.jpg\" alt=\"\" class=\"wp-image-27555\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/What-are-the-insurance-costs.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/What-are-the-insurance-costs-300x131.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/What-are-the-insurance-costs-768x336.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>At the end of the lease, you may have the option to purchase the vehicle for its residual value. This can be a great option if the car&#8217;s market value exceeds the residual value or if you&#8217;ve grown attached to it. However, it\u2019s essential to compare the buyout price to the vehicle&#8217;s current market worth before making a decision. Sometimes, the buyout price is not competitive, making it wiser to lease or buy a new vehicle. Keep this option in mind as your lease term approaches.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Insurance_Requirements\"><\/span><strong>Insurance Requirements<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/shutterstock_726441562.jpg\" alt=\"\" class=\"wp-image-22914\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/shutterstock_726441562.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/shutterstock_726441562-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/shutterstock_726441562-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Leased vehicles often come with stricter insurance requirements than owned cars, such as mandatory comprehensive and collision coverage. This can lead to higher premiums, so it\u2019s important to factor these additional costs into your budget. Some leasing companies even require specific coverage limits, which may vary from state to state. To avoid any surprises, check with your insurance provider about how much your rates will increase.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gap_Insurance\"><\/span><strong>Gap Insurance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Gap-Insurance.jpg\" alt=\"\" class=\"wp-image-32678\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Gap-Insurance.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Gap-Insurance-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Gap-Insurance-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Gap insurance protects you if your leased car is totaled or stolen, covering the difference between what the car is worth and what you still owe. Since cars depreciate rapidly, this difference can be significant, especially early in the lease. Some leasing companies include gap insurance in the contract, but if not, you can add it through your insurance provider. It\u2019s a small price to pay for peace of mind. Without gap insurance, you could be stuck paying out of pocket for a vehicle you no longer have.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lease_Incentives\"><\/span><strong>Lease Incentives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/09\/Lease-Incentives.jpg\" alt=\"\" class=\"wp-image-47114\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/09\/Lease-Incentives.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/09\/Lease-Incentives-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/09\/Lease-Incentives-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: PanuShot \/ <a href=\"https:\/\/www.shutterstock.com\/image-photo\/asian-businesswoman-specializing-car-loan-services-2457099401\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Leasing incentives, such as cashback or lower interest rates, can make leasing more attractive. These promotions are often offered by manufacturers to move vehicles faster, especially during end-of-year sales events. Taking advantage of such deals can save you money and make your lease more affordable. Be sure to shop around for the best offers and ask dealerships about current leasing specials. These incentives can lower your monthly payments or reduce your upfront costs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lease_Return_Condition\"><\/span><strong>Lease Return Condition<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Lease-Returns.jpg\" alt=\"\" class=\"wp-image-33675\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Lease-Returns.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Lease-Returns-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Lease-Returns-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>When returning your leased vehicle, it needs to be in good condition, free of excessive wear and tear. Leasing companies typically conduct a thorough inspection and charge for any necessary repairs. To avoid these charges, it\u2019s a good idea to keep the car well-maintained throughout the lease term. Regular cleaning and minor fixes can go a long way in preventing unexpected costs. Make sure to return the vehicle in the condition outlined in your lease agreement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Customization_Restrictions\"><\/span><strong>Customization Restrictions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/09\/Limited-Customization-Options.jpg\" alt=\"\" class=\"wp-image-46396\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/09\/Limited-Customization-Options.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/09\/Limited-Customization-Options-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/09\/Limited-Customization-Options-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Leasing a car often comes with strict rules regarding modifications. Many companies prohibit alterations, such as adding new rims or aftermarket accessories, as the vehicle must be returned in its original condition. Violating these terms could lead to additional fees when you return the car. If you enjoy personalizing your vehicles, leasing might not be the best option for you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sales_Tax_and_Fees\"><\/span><strong>Sales Tax and Fees<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"627\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Higher-Sales-Tax.jpg\" alt=\"\" class=\"wp-image-32220\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Higher-Sales-Tax.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Higher-Sales-Tax-300x188.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Higher-Sales-Tax-768x482.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>When leasing, you&#8217;re only taxed on the portion of the vehicle you use, which can reduce your upfront costs compared to buying. However, additional fees such as acquisition and disposition fees are common in lease contracts. These fees can add hundreds or even thousands of dollars to your total cost, so it\u2019s important to understand what they include. Negotiating these fees can sometimes lead to savings. Always ask for a detailed breakdown of all taxes and fees before signing the contract.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Credit_Score\"><\/span><strong>Credit Score<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/Ignoring-Your-Credit-Score.jpg\" alt=\"\" class=\"wp-image-23143\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/Ignoring-Your-Credit-Score.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/Ignoring-Your-Credit-Score-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/Ignoring-Your-Credit-Score-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Your credit score will significantly influence the terms of your lease, including the interest rate and monthly payment. A higher credit score generally results in better terms, while a lower score may lead to higher payments or difficulty securing a lease. If your credit score needs improvement, working on it before leasing can help you secure more favorable terms. Most leasing companies have minimum credit score requirements, so checking this ahead of time is essential.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manufacturers_Warranty\"><\/span><strong>Manufacturer\u2019s Warranty<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"678\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/car-extended-warranty-1024x678.jpg\" alt=\"\" class=\"wp-image-22858\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/car-extended-warranty-1024x678.jpg 1024w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/car-extended-warranty-300x199.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/car-extended-warranty-768x509.jpg 768w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/car-extended-warranty-1536x1017.jpg 1536w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/05\/car-extended-warranty.jpg 2047w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Leasing within the vehicle\u2019s manufacturer warranty period ensures that most major repairs are covered, reducing your financial burden. However, you should verify what the warranty covers and if any additional protection is needed. Some leases allow for extended warranties, which can provide peace of mind as the lease progresses. Be sure to understand the terms of the warranty, especially if you\u2019re leasing for an extended period. A strong warranty can help avoid unexpected repair costs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Driving_Habits\"><\/span><strong>Driving Habits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/04\/Avoid-aggressive-driving-habits.jpg\" alt=\"\" class=\"wp-image-17530\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/04\/Avoid-aggressive-driving-habits.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/04\/Avoid-aggressive-driving-habits-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/04\/Avoid-aggressive-driving-habits-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: <a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Your driving habits play a significant role in determining whether leasing is a good fit. If you tend to drive long distances or on rough terrain, a lease might not be ideal due to mileage limits and wear-and-tear charges. Alternatively, if you prefer to drive a new car every few years and don\u2019t rack up too many miles, leasing can be a cost-effective option. Understanding how your lifestyle aligns with leasing terms will help you make the right decision.<\/p>\n\n\n\n<p>This article originally appeared on\u00a0<a href=\"https:\/\/mycarmakesnoise.com\/general\/17-key-things-to-consider-before-leasing-a-vehicle\/\" target=\"_blank\" rel=\"noreferrer noopener\">MyCarMakesNoise<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"More_from_MyCarMakesNoise\"><\/span>More from MyCarMakesNoise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>The World\u2019s 25 Most Bustling Airports and Their Unique Highlights<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Dubai-International-Airport-DXB-UAE.jpg\" alt=\"\" class=\"wp-image-25342\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Dubai-International-Airport-DXB-UAE.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Dubai-International-Airport-DXB-UAE-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/06\/Dubai-International-Airport-DXB-UAE-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: Daniela Collins \/\u00a0<a href=\"https:\/\/www.shutterstock.com\/image-photo\/dubaiunited-arab-emirates-08122019-photo-drone-1448579138\" target=\"_blank\" rel=\"noreferrer noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Air travel has become an integral part of our globalized world, connecting people and places like never before. Some airports stand out due to the sheer volume of passengers and flights they handle daily. <strong><a href=\"https:\/\/mycarmakesnoise.com\/general\/the-worlds-top-busiest-airports-and-their-unique-features\/\">Read More<\/a><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"15_Exclusive_Custom_Vans_Gaining_Popularity_Among_Collectors\"><\/span>15 Exclusive Custom Vans Gaining Popularity Among Collectors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"665\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/06\/Mercedes-Benz-Sprinter.jpg\" alt=\"\" class=\"wp-image-7316\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/06\/Mercedes-Benz-Sprinter.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/06\/Mercedes-Benz-Sprinter-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2023\/06\/Mercedes-Benz-Sprinter-768x511.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit:\u00a0<a href=\"https:\/\/www.shutterstock.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>In recent years, custom vans have seen a surge in popularity among collectors. These unique vehicles, often tailored to meet specific tastes and needs, combine practicality with style.\u00a0<strong><a href=\"https:\/\/mycarmakesnoise.com\/general\/exclusive-custom-vans-gaining-popularity-among-collectors\/\">Read More<\/a><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"16_Fun_Facts_You_Didnt_Know_About_the_Jeep_Wrangler\"><\/span>16 Fun Facts You Didn\u2019t Know About the Jeep Wrangler<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"665\" src=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Name-Evolution.jpg\" alt=\"\" class=\"wp-image-37458\" srcset=\"https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Name-Evolution.jpg 1000w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Name-Evolution-300x200.jpg 300w, https:\/\/mycarmakesnoise.com\/wp-content\/uploads\/2024\/07\/Name-Evolution-768x511.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Image Editorial Credit: adolf martinez soler\/\u00a0<a href=\"https:\/\/www.shutterstock.com\/image-photo\/navarcles-spain-february-3-2024-detail-2436057555\" target=\"_blank\" rel=\"noreferrer noopener\">Shutterstock.com<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>The Jeep Wrangler is an icon in the world of off-roading and adventure. Its rugged design and unparalleled performance have made it a favorite among enthusiasts and everyday drivers alike.\u00a0<strong><a href=\"https:\/\/mycarmakesnoise.com\/general\/fun-facts-you-didnt-know-about-the-jeep-wrangler\/\">Read More<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leasing a vehicle can be a great option for those looking to drive a new car without the long-term commitment of buying. However, before signing&#8230;<\/p>\n","protected":false},"author":2,"featured_media":27555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[28],"class_list":["post-47113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-msn-slideshow","wpcat-11-id"],"_links":{"self":[{"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/posts\/47113"}],"collection":[{"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/comments?post=47113"}],"version-history":[{"count":2,"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/posts\/47113\/revisions"}],"predecessor-version":[{"id":47116,"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/posts\/47113\/revisions\/47116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/media\/27555"}],"wp:attachment":[{"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/media?parent=47113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/categories?post=47113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycarmakesnoise.com\/wp-json\/wp\/v2\/tags?post=47113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}