Leasing a car will mean that it will add up to your fixed monthly expenditures. However, if you are careful and aware, you might end up with some money in your pocket which you can further use to get a new lease or even to purchase a car. Here are some tips to make the most of a car lease:

1. Negotiate, Negotiate, and Negotiate Some More

This might sound something obvious to do when you are out to purchase a car. But people forget the negotiating part when they are leasing a car. Leasing is a type of financing and you should not forget that. Therefore, once you know firmly what price you can afford to pay; you should go ahead with leasing.

2. Read the Document Well

This is one of the most useful tips to make the most of a car lease if you are new to this. Lease agreements can be tricky to understand, so you must make sure that you have gone through the lease properly before you go ahead with it. When you go for a lease, you usually have to make a down payment and then pay monthly installments till the period of your lease gets over. Once the lease period is over, the car will be handed back to the owner. This is usually the procedure. But between all this, you should make sure that you are aware of what happens if you exceed the mileage limit as per your lease, or you return the car in a poor condition, or when you return the car before the lease duration is over. These are things in the fine print and might cost you more than you had planned. So, make sure that you make yourself aware of even the minutest of details.

3. Ensure That You Have Enough Mileage Cap

While getting a lease, saving money at the end of the period could be on top priority for many. However, that does not mean that you should lose sight of other important things such as getting enough mileage cap. To make sure that the mileage cap mentioned in your lease covers your daily commute requirements, the weekend outing, and some road trips. You might come across many lucrative lease deals offering only 10000 to 12000 miles a year, even less than that sometimes. If you exceed your mileage limit, it can attract some penalties that can pile up quickly. So, once you have got the mileage cap of your choice, you must try not to exceed it. Also, to avoid penalties, you would also want to take care of your car and maintain its quality.