Leasing a car rather than buying one is an attractive option for drivers who want lower monthly payments and the ability to change to a new vehicle every few years. A lease agreement will usually have a term of between two and four years and at the end of the lease term, the lessee needs to decide how to proceed. 

There are various options when a lease contract comes to term. You can return the vehicle to a dealer, buy out the lease (must pay sales tax), or sell your lease to a dealer (avoid paying sales tax). Each of these will have pros and cons and some will incur costs so it is important to assess your options before deciding your best step.

The majority of leaseholders opt to turn in their cars at the end of the lease period so we'll concentrate on the charges you can expect in this scenario. 

There are three main types of termination charges that feature in every lease and some others that crop up depending on the types of leases, loan terms, and individual lease companies. 

The three main termination fees are: disposition fee, excessive wear fee, and excess mileage charge.

Disposition Fee

Disposition fees must be detailed in the lease agreement in the end of lease charges - disclosure is required under the Federal Reserve's Regulation M. 

Also known as the turn-in fee, ostensibly, this might be simply described as a fee for the privilege of returning your lease vehicle at the end of the contract. It is meant to cover the cost of the dealer/leasing company prepping the car for sale, re-leasing, or for auction. 

A disposition fee can be anything from $200 to $700.

This fee is unavoidable on a lease vehicle return even if you return the vehicle in near showroom condition. It is also not a charge that you could have negotiated during the leasing deal. The dealer has no say in the matter because the vehicle disposition fee is set by the lender. 

You cannot get out of paying it by withholding it in any way because it will be deducted from the lease security deposit or any cash that is due back to you at the end of the lease agreement. 

Excessive Wear Fees

As a lessee, you do not own the vehicle so to provide some security for the lease provider, car lease contracts allow for normal wear and tear. 

It recognizes that no vehicle is going to remain in pristine condition when it is driven but there is a penalty fee for excessive damage. The condition of your vehicle at lease end will be minutely scrutinized to assess its condition. 

If your leasing company publishes a guide for what is considered normal and excessive wear and tear, it is a good idea to review your car against it. It will give some very heavy hints as to what will be checked during the inspection. 

So the question is, what is acceptable wear and tear for a lease vehicle? What is classed as excess wear? 

Each car manufacturer advises or sets guidelines for what they consider acceptable wear. Acceptable might include a specific number of stone chips in the paintwork, chips under a certain size in the windshield and nicks or minor scuffs to the wheels, wheel covers and hubcaps. Wear on tires will also be checked.  

Typically you can expect damage fees for the following:

• Repaired bodywork that doesn't meet the manufacturer's standards
• Over allowable size chips or cracks in the windshield
• Any chip in the windshield of any size if it is in the driver's line of sight
• Scrapes on alloy wheels
• Tires with a tread depth of less than 3mm
• Retreaded tires
• Tires with sidewall repairs
• Damaged upholstery - holes, tears or burns
• Aftermarket upgrades - custom wheels and tires, custom bodywork, custom seats, performance upgrades and audio system modifications. 

You can save money on excess wear fees at lease termination by looking after your car every day.

Rotate your tires to help achieve an even level of wear. Get noticeable chips and cracks in the windshield fixed. Get damage to alloy wheels repaired. 

Keep the car clean. Use the car wash regularly and vacuum the interior. Treat any upholstery stains as soon as possible. 

Giving the impression that you have looked after the car will hold you in good stead with auto dealerships.  This includes routine maintenance tasks including making sure that fluid levels are within the recommended range, tires are set to the auto manufacturer's standards and that oil and air filters have been changed at appropriate intervals. 

Excess Mileage Fees

Simply, the higher mileage a car has, the less it is worth. The annual mileage allowance helps the finance company funding your lease car to estimate its resale value at the end of the lease period. 

When you sign a leasing agreement, you are committed to a number of miles per each year of the lease. Choosing the right mileage allowance for your car finance or lease deal is extremely important. Not only does it affect your monthly payments but it will affect your end-of-lease charges if you exceed it.

The cost of excess miles can really add up. Excess mileage fees are generally 15 cents per mile for cars with an MSRP of less than $30,000 and 20 -25 cents per mile on cars with an MRSP of $30,000+. So, if you exceed your allowable mileage by 5,000 miles in a car worth $35,000, you will incur $1,000 as a mileage penalty.  

Be as accurate as you can when setting your annual mileage limit. Err on the cautious. It might mean slightly higher monthly lease payments but you will avoid penalties for exceeding your allowable miles at the end of the lease. 

If you do fewer annual miles than stated in your lease contract, the car may be worth more to the leasing company at the lease end but you will not get a retrospective discount/refund. If you are not driving as many miles as you originally estimated, you may be able to negotiate a lower mileage allowance and lower monthly payments for the remainder of your lease term. 

If you want to avoid unfair or excessive additional charges at the end of your lease, consider selling your lease to IMX Auto. IMX Auto is a reputable vehicle buying center and offers the best bargain in lease buyout prices. All makes and models of purchased, financed, or leased vehicles are considered.

If you are looking for a short answer, the best time to lease a car is during a discount promotion that you find after doing epic amounts of research. There are certain occasions when leasing companies offer genuine discounts for various reasons. Perhaps the dealership needs to increase turnover quickly or perhaps they are getting pressure from manufacturers or discounts/perks/incentives from manufacturers and other stock-market-sensitive organizations. Just make sure you do a lot of research to guarantee that the discount you are getting is a real one and is not some cheap marketing ploy.

The Long Answer

There are several factors to consider when it comes to timing, and almost all of them revolve around your circumstances. Perhaps your current car is at the end of the lease or perhaps your current vehicle is nearing the end of its life. Perhaps you need to ferry around your large family over the next few months and you need something super reliable, or perhaps something bigger than you would normally purchase. These are all fine reasons to get a new vehicle right now.

‘Tis The Season for a New Car

If you were looking for a pointer to a specific time of year to lease a car, perhaps near the Christmas holidays, Memorial Day, or Labor Day, then this article will have to disappoint you. There are very few Black Friday or January sales deals on car leases that are worth the money you pay.

If you are looking for real discounts, like those mentioned in the introduction, then it involves lots of research to find the right company, at the right time and to make sure you are getting a real discount.

Companies run discounts and special lease deals for various reasons. A smaller company may need to push its numbers a little harder to improve its credit rating, whereas a larger company may be trying to massage the numbers and achieve its quotas before its next earnings announcement to the shareholders.

The Buying or Leasing Problem

If you are thinking about buying a brand-new car, but you are struggling to make a decision, then you should seriously consider leasing. Take a robust three-year lease and reconsider buying a car outright when the lease agreement is near to ending.

The decision to buy a car is far more important than the decision to lease a car. Lease payments may be more expensive than an auto loan, but it is a short-term commitment. Buying a car may have you tied to that car for the next ten years, and it is a much bigger investment. If you do not like the types of cars you are looking at, then let the manufacturers get their act together and buy something in a few years.

You may fall in love with your lease car and buy it when your lease ends. You can circle back and buy a new car of that variety, or simply ask your dealership if they will allow you to buy the car after the lease ends. Though, with that in mind, do consider leasing the sort of car you would never buy. That way, if you don't decide to buy, at least you had a bit of a different experience.

Are You Strapped For Cash?

Some people say that leasing a car is perhaps the best thing to do if you are a little low on cash. The problem is that finance companies have muddied the water. It is quite possible to get a leased car that costs you quite a lot over the years because of the finance deals you strike. On a similar note, if you decide to buy a car and use a finance company, you may have lower monthly payments, but the overall cost of your car may balloon up to some very ugly numbers.

When you lease a car, as opposed to buying a car (with a car loan or not) it may mean a lower downpayment, it may mean lower monthly fees, and it will certainly mean fewer repair bills.

When you buy a car, you need to keep paying to repair and maintain it, whereas a leased car only needs mild maintenance (an annual service) because you don't hold the car for enough time to start thinking about gearbox changes and busted carburetors. Remember too, leased cars are generally covered by the manufacturer's warranty during the lease term so you shouldn’t have to shell out for major repairs.

You need to maintain the car at a level where you won’t be stung with a hefty disposition fee for excessive wear but this is not difficult if you are a decent driver and you have leased a brand new car or fairly new car.

What About Your Credit Score?

The better your credit score, the lower your monthly lease payment will be. A credit rating of excellent or good generally qualifies you for a lower money factor.

If your credit rating is in the toilet and you want to lease a car with monthly payments, then the dealership is going to charge you far more than your lease would ever be worth. It simply isn't worth your time or money if you have a poor credit rating. Though, on a similar note, if you were buying a car with a finance deal, then that is even worse when you have a bad credit rating.

If you have a bad credit rating, forget about becoming a lessee and buy a cheap second-hand car until your rating improves to the point where you can get a good deal on your next car.

What About a Car Lease Deal in March or September?

Did you know you eat eight spiders per night? Did you know that metal in the microwave will release deadly radiation and blow up? The idea that March and September are the best months to snag a deal on a leased vehicle is an urban legend, just like the eight spiders and the radiation thing.

Read other online articles, and they will sell you a lot of nonsense about automakers releasing cars, registration restrictions, and sales targets, but none of it actually generates seasonal discounts in March and September.

Dealerships are now wise to the rumor that March and September are the best discount/deals months and so put offers out during those months. Sadly, the offers do not favor the customer. They are simply there to entice the suckers who believe that March and September are better lease-deal months.

Beware of those who say certain off-peak periods also offer deals. Leasing companies do not care about quieter times. Leasing companies will offer deals, but as mentioned earlier, they all have their timelines, deadlines, and reasons for offering real bargains. At all other times, they are offering very self-serving deals that are simply there to draw you in.

Much online advice also points you in the direction of obtaining a lease when new models are released. Most new models are released between July and October and it is said you can maximize your savings by avoiding depreciation payments. This is just one factor in the calculation of lease monthly payments along with the capitalized cost (current market value of the vehicle), prevailing interest rate, your annual mileage limit, and potential trade-in value.

Time To Get Flexible If You Want Good Lease Deals

When you are hunting for a reasonable monthly lease payment, being flexible offers the widest range of opportunities. You may want something small and economical, but if they are offering great deals on a bigger and more robust car, then somebody who is flexible can jump on that opportunity.

The same may be true of lender finance deals, perhaps even some that tie in with certain insurance policies or credit card rewards. If you have a slightly narrowed window of purchase, perhaps because your car was totaled and now you need a leased car to tide you over, then being flexible can offset the downside of a short time frame (aka. can negate some of the downsides mentioned in the section.

When You Have Time to Spare

Those who cannot wait, those who need very specific cars or very specific deals are the ones who suffer the most. If you are prepared to wait a little longer, shop around a little more, and put more money down upfront, then you are going to walk away with a good deal.

Those in a rush are targeted the hardest by lease companies. It also narrows the field for getting the best car or a good deal. It is like shooting ducks where you only have fifteen minutes to shoot. You may get lucky and snag a prize mallard as it flaps by, but chances are, you will have to take a shot at a distressed pigeon.

What About Profits and Residual Value?

If a lease car dealership allows early termination, then there is a chance you can make a profit on the lease. You might sell your lease or buy the car so you can sell it.

Under most circumstances, making a profit is not worth the effort. However, we live in a weird time where getting a good second-hand car is tricky. If you take out a lease, and used cars are overpriced when your lease ends, then you may get a good price for your car or the remainder of your car lease.

Do not make your decision based on any sort of profit motive, but there is a chance that you may buy the car and then sell it for more than you paid. If you are looking for a time to buy a lease, then buy when the purchase prices of new and second-hand cars are really low. If you are lucky, the cost of second-hand cars will be high when your lease ends.

Final Thoughts – What Do You Think?

All of these reasons show that basing your decision on timing only adds to the hassle factor. You need to consider the deal as a whole whatever the time of year.

As mentioned in the introduction, almost all the reasons you should lease, and when you buy a lease, are personal. The only thing out of your control is which companies offer genuine discounts and when they offer them. However, if you are willing to shop around and search far and wide, then any time is a good time to buy a lease.

You are always guaranteed a fair deal at IMX Auto. Browse the extensive range on the website or call one of our salespeople to discuss your requirements.

Considering the fact you are reading an article titled, “Should I Sell My Lease?” the quick answer you are looking for is, “Yes you should, and yes you can.”

If you clicked on an article with this title, you are probably in one of two categories. The first is that you got a raw deal on your lease and you want out, the second is that you no longer need the car and rue further expenses of keeping it.

In both cases, you should probably sell your lease. Most leasing companies allow for some sort of exit strategy, and sometimes it involves being able to sell before the end of the lease term.

When Is It Easier to Sell Your Leased Vehicle?

For the first part, it is easy when the leasing company makes it easy. You need to be sure that the leasing company allows you to sell your lease. They may have restrictions where they may outright deny your ability to sell your lease. In that case, unless you are selling to somebody you trust, you cannot sell your lease without remaining liable for its safety.

For the second part, when the cost of cars is very high and when the second-hand car market has become very expensive, then it becomes easier to sell your lease. If you are looking to sell your lease during a period when people are having trouble finding a car at a good (or even a bad) price, then selling your lease becomes easier.

High Used Car Prices Have Higher Equity at Lease-End

Many car leases are for three years, perhaps longer, and during the lease, there is a chance that car prices (used and new) will rise sharply. Something may occur that causes prices to rise or demand to rise or supply to lower. There are various influencing factors on the price of new vehicles including things like the recent computer chip shortage.

During your lease period, if car prices take a sharp rise, then your leased car becomes more valuable. If your car has become more valuable just recently, then you should at least consider selling your lease. On the other hand, if you are desperate to reduce or remove your monthly payments and car prices are low, you should look for any other alternative other than selling your lease.

Understanding The Lease And The Value of the Car

There is a difference in the value of your new car from the moment when you start your lease to the moment it ends. When you sign your lease agreement, you are agreeing to pay the lender the value that your car is going to lose over time. Plus, they are looking to make some profit too.

Now, let’s say that you have taken good care of your car and it has retained quite a lot of its value because car prices are rising sharply. If you were to sell your lease for the remaining value of the car, you may make a profit.

Look at it this way with a simplified example. You buy a lease a new Chevrolet at $50,000. The leasing company says it will depreciate by 50% during the 3 years you own the lease. The car is supposed to be worth $25,000 at the end of the lease, but given high car prices, it is closer to being worth $30,000 near the end of the lease. It is around four months until the lease ends, and the buyout price is $28,000. If you could find a buyer for your leased car who is willing to pay $30,000, then you could potentially make a $2000 profit.

What is Your Used Car Worth Outside of Your Car Lease?

In other words, if you are looking to sell your car lease, take a look online to find the average selling price of your car in its current state. When you consider the value of your vehicle, take into account any damage and excessive wear and tear. When looking at prices, do not consider the fact it is leased. Just look for the price you would pay if you were buying that used car from a dealer and a private citizen. You now need to consider these three elements.

Residual value

This is the price you just researched. It is trickier to determine than most people think because you have to consider damage/wear/tear and the differences in the price in your state over others. Nevertheless, you are looking for a generalized value for your car.

Potential profit over preset residual

This is the difference between the current market value worth that your leasing company decides upon and the residual value worth that you have figured out. If your residual value number is higher, you have the potential to make a profit.

Percent (%) over the preset residual value

Take the value that the leasing company says your car will be worth at this point during your lease, and look at how many other vehicles of this make and model sold for over their preset residual value. In other words, are people in real life overpaying for your car right now?

There Are Two Major Obstacles to Overcome

The first is that it is difficult to get people to buy a lease or even buy out your lease to own the car. The second problem is the leasing company.

The leasing company may have written into your contract that you cannot sell your lease, you cannot have other people buy out your lease, and so forth. They may require you to ask permission to sell your car, and they may say no. They may block you from selling your lease, selling your car, or getting out of your lease, no matter how high used car prices go in the future.

In many cases, car leasing companies are unwilling to let you out of your lease because they are beholden to finance companies, and the finance companies want to keep you in debt as long as possible to draw maximum profit from your lease payments.

Checking Your Contract

You may be tempted to call your leasing company and ask them a bunch of questions about your lease contract, but there are two things to remember. The first is that they are in business to make money and may offer you information that leads you down the most expensive path. Secondly, the reception staff and even many of the sellers may not understand the intricacies of your contract and may offer you sour or useless advice. As you check your lease, here are a few terms you may encounter.

Disposition fee:

This is the amount of money you will be charged at the end of your lease. It is the cost of restoring your car so that it can be sold to another person. Do not confuse this with your initial rental fee or any sort of deposit.

Termination fee:

This is a penalty fee that you pay if you end your lease earlier than you were supposed to. Ending the lease early may be the wisest move, but the termination fee calculations often involve big numbers. It is often less of a financial strain to keep paying the lease rather than paying the massive termination fee.

Third-party buyout restrictions:

This is the part where they will ban you from selling the car, ban you from selling the lease, or ask you to gain permission before you do any sort of selling.

After reading your contract, you will understand how difficult or easy it is to sell your lease, sell your car, buy out your lease, terminate your lease, and so forth. If you have a fuller view of your options and your potential losses, then are better equipped to decide if you should sell your lease.

Finding an Exit Strategy For Your Car Lease

If you are strapped for cash, you may want to sell the car lease.

If you are not strapped for cash and you are simply looking for the best financial decision, then buying your car is a good idea if its value is higher than people thought it would be. On the other hand, if the car markets have turned in a way that makes new and used cars overly expensive, then buying your car and selling it may be your best option.

If you have enough equity in the car to turn a profit, and if you are confident that you can use and enjoy the car if you are unable to sell it for a good price, then buying your leased car and moving the risk of ownership over to you is the best financial decision.

Going forwards, if you decide to buy your car, then you will have to pay off the remaining lease payments, and there will be added fees similar to a termination fee (though probably not as harsh), and any added fees that were stated in your contract.

If you’re set on selling your lease, be sure to go to a reputable lease-buying center, like IMX Auto. When you sell your lease to IMX Auto, you avoid paying disposition fees and receive the best offer on your vehicle.

Your best bet, as you know, is to start with a good lease deal in the first place. Trying to sell an ugly overpriced lease is always going to be more difficult than selling a fair-value lease.

Opt for leasing services like IMX Auto, where you get a good price, but also fair terms and conditions. This means that if your life takes an unexpected turn and you need to sell your lease, you can approach IMX Auto and work out a deal that doesn't involve lost money and high fees.

Again, the best advice has always been to find a good leasing company and start your lease on the right foot. It is the only way to guarantee you get the best value for your money.

The first thing you know is that you can easily be ripped off and overpay on your car lease, and it isn't much you can do about it after the fact. However, thanks to online reviews, you can typically figure out which companies are selling unfair deals.

If you cannot find reviews about a leasing company, then take that as a warning because nefarious companies change their names every six months to hide from their negative online reputation. Checking reviews and doing your research is the best way to avoid getting a raw deal on your leased vehicle. That is the first thing you should know, here are some other things you should know about car leasing.

You Have Made The Correct Decision

The first thing you should do is exactly what you have done. You should do a little research to acquaint yourself with getting a car lease. Think of your car lease as a long-term rental. You make monthly payments on a new car that you own for the duration of the lease. When the lease is up, you hand over the car and your transaction is complete.

Obviously, there is a little more to it than that, but there is the general gist of the process. At the end of the lease, you may have the option to buy the car or extend the lease or trade-in for one of the company’s new vehicle lease deals. If you decide to hand over the car without a new lease contract, then they check it for damage, and if the car isn’t showing excessive wear and tear, then you walk away with no extra fees beyond the disposition fee.

Note for Modern Car Lease Customers

For the record, the current car leasing business model is to offer brand-new cars for lease. However, thanks to the 2020 Covid pandemic and subsequent semiconductor shortages, some car lease companies have changed their business model a little. Some are now offering used cars for leasing. This trend may die out in five years or keep going, but the general understanding is that if you get a used car for your lease, then the cost of the lease should be less than if you leased a new car.

Learning About Car Leases

Ask questions. If there are words and terms you are not sure about, then ask. It is their job to give you the best possible service. Take a look online for a leasing glossary and brush up on a few of the words you will hear and see in the contract. Here are a few of the most common terms.

Lessee

This is you, the person leasing the car.

Lessor

This is the dealership or the financial company behind the dealership.

Money Factor

This is the interest rate you are paying. They express it as a multiplier to calculate your monthly payments.

Allowable Mileage

This is the total number of miles you are allowed to drive over the course of your lease. You will be charged extra per mile for every mile over the allowable mileage.

Depreciation

This is how much value the car is estimated to have lost during the course of your lease.

Sales Tax

Each month’s lease payment may be subject to sales tax, which declines as the car depreciates in value.

Term

When written on your lease contract, it means the amount of time the lease will last.

Subsidized or Subvented Lease

Some manufacturers offer low-interest rates to leasing companies to encourage lower leasing prices.

Payoff Amount

This is also called the buyout amount and is the cost of owning the car if you want to buy it.

Leasing Your New Car For Three Years

Assuming you receive a new car, you probably want a longer term so that you may enjoy lower monthly payments. Perhaps the interest rate is better with a longer term, or the mileage limit is not as restrictive. All things considered, you probably shouldn't lease for longer than three years. This is because a new car warranty often expires after three years. This means that any manufacturer-caused problems will be quickly fixed and maybe even a replacement given if the problem is serious during your lease term.

Don’t forget that when you lease a car for four or five years, after three years, you will have to consider repairs, servicing, new tires, and so forth. In all probability, you are going to have to spend money on a car you don't own, and quite often, it isn't worth it unless you are sure you are going to buy your car at the end of the lease period.

Your Leased Car Down Payment

Many lease deals come with a substantial down payment. One reason is that it acts as a deterrent against people taking a lease out and then running off with the car. The payment may also be called a “Cap (capitalized cost) reduction payment” or a “Drive Off fee.” Paying a larger amount as a security deposit upfront means you pay less in your monthly fees over the lease term.

Many people don't realize the cap cost can be negotiated down, so don’t allow a dealer to charge the manufacturer’s suggested retail price (MSRP) on a car that can normally be discounted by thousands of dollars.

Pay your acquisition fees and down payment before you take the car. For example, the company is going to have a mileage limit per year, probably around 12,000 miles. But, you can buy extra miles per year if you wish, and it is best to do this when you take out the lease to save money. Beware that most leasing companies will charge you an added fee (per mile) for any excess mileage at the end of the lease term.

Do a Cost Benefit Analysis

The online articles that want you to buy cars will tell you that buying is the most sensible and cost-effective option (sometimes it is).

The online articles that want you to lease cars will tell you that leasing is the most cost-effective (again, sometimes true).

It is up to you to do the math. Don’t just consider the financial aspects. Look at the intangible benefits, like how your car will probably still be under manufacturer warranty and how driving around in a new car is often better than driving around in a used car.

Consider your lease payments on a monthly basis or yearly basis, and then consider fuel, insurance, and so forth.

Don’t be fooled by the false-logic argument that your lease payments are payments into nothing, whereas car loan payments end with you owning a car. The total cost of a car purchase may turn out far more than what you pay for your car lease. When you finally pay off your car, the market value is often a tiny fraction of what you have paid. In terms of investing, there are many times when your cost per day is far less with a lease than car buying. When you buy, you have to worry about the retail price and value of the car. That is not the case at the end of your lease.

When doing the math, also decide if you need to consider gap insurance. This provides cover for the difference between the lease contract’s residual value and the true market value of the leased vehicle.

Look Into an Auto Loan For The Make and Model

Try to keep an open mind when you are looking for a car. You may have the best car in mind that could be expanded a little in order to get you the best deal. For example, you may have decided you need a four-seater car because you have kids, but there are Nissan GTR cars out there with four doors. You may have decided a smaller car is best, but there may be a great deal on some SUVs.

Once you have found a good deal on some lease cars, take a look at the price of the vehicle, at the purchase price, and then at the purchase option at the end of the lease. If the price of the lease is low when compared to the purchase price and auto loan payments, then you are probably getting a good deal.

Your Credit Score and The Monthly Payment

Yes, your credit score will affect your ability to get a car lease and the overall cost of your car lease. There is also very little room for negotiation unless you have a great credit rating. Some websites have a payment estimator. You enter things like the proposed mileage you intend to drive, the number of years you wish to keep the car, and so forth. You are then given an estimated price.

If your credit is okay but not great, then it will affect your costs in a very general way. Your costs will go up across the board, not just on a single vehicle or a subset of vehicles. The quotation tool should inform you that the quotes you are receiving are ballpark figures from lenders and shouldn't be taken too seriously. They are best used as a way of comparing the costs of vehicles rather than trying to get an accurate out-the-door price.

Negotiating Your Lease Payment

This is a tricky subject because there is always some overly polished YouTube star telling you how to negotiate your way to success with lease companies. In reality, the leasing companies would rather walk away from a deal than offer a discount because the hassle isn't worth the loss in profits.

If you are going to try to negotiate, then there are two things to consider. The first is your credit score. If you have a great credit rating, then the lessor may have some room to lower the price. The second method is to shop around for the same deal from all the leasing companies you can find and then show the lessor those quotes when you negotiate.

With that said, if there are companies out there offering lower prices and they are not scammers, shouldn't you be shopping with them? Probably - except if you are at the end of a leasing period and want to stay with the same leasing company for your new leased vehicle.

You probably shouldn't play hardball because the leasing company is often better off leaving the deal on the table than they are being bullied into taking a lower price.

Finding The Residual Value

There are plenty of online articles and videos about how you should figure this out. The point is that you probably “Should” figure it out.

What does the leasing place say that the car will be worth after the lease has finished? Are they going to offer to sell you the car, and how much are you expected to pay? Even if you are not considering buying the car, things may change in the next few years. What if there is a big economic collapse or massive inflation? After your lease is up, you may want a new car but they are massively expensive.

In that case, you could consider buying your lease car since you know you have taken good care of it by having it new. It is one of the few ways you can buy a (technically) used car and be sure of its entire history.

What About Early Termination?

If you would like to get out of your lease before you have finished paying, perhaps because you don't need the car anymore, then you can ask the lessor, but they have no obligation to say yes. If they do, they will probably charge you a steep fine to get out of your lease. Otherwise, you will need to keep paying your lease until it is completed or sell your lease. The legality and liability of selling your lease seem to vary from state to state and country to country so you’ll need to work with the terms of your lease.

Where Can I Get Any Make or Model?

Ideally, you should look for a dealership that has fair fee rates and that offers a good lease term for the right price. The hard part is finding a leasing company that has a big range of cars and vehicles. Luckily, even in this day and age, you can get just about any type of make and model of car from IMX Auto Leasing.

If you are struggling to find a good leasing service or struggling to find the type of car you want, check out IMX Auto Leasing. IMX Auto is a great place to go if you're looking to lease a vehicle, and we're confident that we can help you find the perfect car at a price that fits your budget. Contact us today to learn more and get started.

If you're looking to help your car last longer, there are several things you can do to keep it in good condition. As a car owner, making sure you maintain your car according to the manufacturer's recommended schedule will assure your car stays in top shape over the years. This means having regular oil changes, checking and replacing your windshield wiper blades, and checking the condition of your tires.

Overall, keeping your car in good condition is important if you want it to last longer. If you have a new car, it will likely come with a warranty that covers certain repairs and maintenance for a certain period of time. Make sure you understand what is covered under your warranty and take advantage of it when necessary. By following the manufacturer's recommended maintenance schedule, taking advantage of your warranty (if you have one), and being proactive about repairs and maintenance, you can help to extend the life of your car and keep it running smoothly for years to come.

Here are our top 8 maintenance tips to make your car last longer.

1. Regular Maintenance and Servicing

Regular maintenance and servicing are one of the most effective ways to lengthen your cars lifespan. During a routine service, a mechanic will inspect your car for any signs of wear and tear, and check all of its major systems, including the engine, transmission, brakes, and suspension. They will also change the engine oil, the oil level, as well as any air filters that need to be replaced.

Regular maintenance and servicing can help prevent breakdowns, improve your car's fuel efficiency, and extend its overall lifespan. It can also help you catch and fix any small issues before they turn into bigger, more expensive problems. By investing in regular maintenance and servicing and finding a trusted mechanic for the job, you can save money in the long run and keep your car running smoothly for many years to come.

If you have a used car, it may not come with a warranty, but that doesn't mean you can't keep it in good condition. One thing you can do is to be proactive about maintenance and auto repairs. This means keeping an eye on things like your wiper blades and replacing them when they start to wear out. It's also a good idea to keep an eye on your windshield and make sure it's in good condition.

2. Proper Tire Inflation and Alignment

Properly inflated tires can improve your car's handling, fuel efficiency, and safety, while properly aligned tires can extend their lifespan and reduce wear and tear. To maintain proper tire inflation, you should regularly check the pressure of your tires using a tire pressure gauge. Most tires have a recommended pressure range, which can be found on the sidewall of the tire or in the owner's manual of your car. You should check the pressure of your tires at least once a month, and adjust the pressure as needed to fall within the recommended range.

3. Regular Oil and Fluid Changes

Regular oil changes are crucial to maintaining your car's health. Motor oil is the lifeblood of your car's engine, and without it, the engine's parts would rub against each other and quickly wear out. Over time, motor oil becomes contaminated with dirt, debris, and other impurities, which can reduce its effectiveness and cause it to break down.

To maintain the health of your car's engine. you should regularly change the motor oil and oil filter according to the manufacturer's recommended service schedule. This typically involves draining the old oil from the engine, replacing the oil filter, and refilling the engine with fresh motor oil.

In addition to motor oil, there are other fluids in your car that also need to be regularly changed, such as the transmission fluid, coolant, and brake fluid. These fluids are also essential for your car's performance and longevity and should be changed according to the manufacturer's recommended schedule.

Regular oil and fluid changes can help prevent the buildup of impurities and contaminants, which can damage your car's engine and other systems. They can also improve your car's performance, fuel efficiency, and overall lifespan. By investing in regular oil and fluid changes, you can keep your car running smoothly and extend its life.

4. Use High-Quality Fuel and Additives

Using high-quality fuel and additives can help your car last longer. The fuel you put into your car plays a crucial role in its performance and lifespan, and using low-quality fuel can cause serious damage to your car's engine and other systems.

High-quality fuel is free of contaminants and impurities and is specifically designed to provide your car with the right blend of octane, detergents, and other additives to maximize its performance and efficiency. Using high-quality fuel can help improve your car's acceleration, horsepower, and fuel economy, and can also help prevent buildups of carbon deposits and other contaminants that can damage your car's engine.

5. Avoid Excessive Idling and Aggressive Driving 

Avoiding excessive idling and aggressive driving are important factors in helping your car last longer. Excessive idling, which is when your car's engine is running without the vehicle moving, can waste fuel, produce excess emissions, and cause unnecessary wear and tear on your car's engine and other systems.

Pay attention to your car's gas mileage and the condition of your tires. Poor gas mileage can indicate a problem with your car, while worn or underinflated tires can cause poor handling and increase the risk of a blowout. If you notice any issues with your car, take it to a reputable repair shop as soon as possible to avoid more expensive repairs down the road.

6. Protect Your Car From the Elements With Regular Washing and Waxing 

Regular washing and waxing of your car are important to help with car maintenance from the elements and keep it looking shiny and new. When left unchecked, dirt and debris can build up on the surface of your car, causing it to lose its shine and become dull. This can also lead to damage to the paint, as dirt and debris can act like sandpaper, rubbing against the surface of your car and causing scratches and other damage.

Another thing to keep in mind is corrosion. This can occur when your car is exposed to moisture and other weather conditions/climates and can cause serious damage to the metal parts of your car. To prevent corrosion, make sure you wash and wax your car regularly, and consider using a corrosion-resistant spray or wax on the undercarriage of your car.

7. Avoid Carrying Heavy Loads or Overloading Your Vehicle

When it comes to avoiding carrying heavy loads or overloading your vehicle, there are several things you can do to protect your car and keep it in good condition. First and foremost, it's important to understand the weight capacity of your vehicle and make sure you never exceed it. Overloading your car can put excessive strain on the engine, transmission, and other components, which can lead to costly repairs and shorten the life of your vehicle.

If you have a new car, it will likely come with a warranty that covers certain repairs and maintenance for a certain period of time. Make sure you understand what is covered under your warranty and take care not to exceed the weight capacity of your vehicle, as this could void your warranty.

If you have a used car, it may not come with a warranty, but that doesn't mean you can't protect it from the effects of carrying heavy loads. One thing you can do is to be mindful of how much weight you're putting in your car and avoid overloading it. It's also a good idea to distribute the weight evenly in your vehicle, as this can help to prevent damage to the suspension and other components.

In addition to avoiding carrying heavy loads, it's also important to take care of your car by maintaining it properly. This means having regular oil changes, checking and replacing your wiper blades, and checking the condition of your tires. By taking these steps, you can help to extend the life of your car and keep it running smoothly for years to come.

8. Use Only Manufacturer-Approved Parts and Accessories For Repairs and Upgrades 

Using only manufacturer-approved parts and accessories for repairs and upgrades is important for helping your car last longer. When you have your car repaired or upgraded, it's important to use parts that are specifically designed for your make and model of car. These parts are known as "manufacturer-approved" and are the best choice for ensuring that your car continues to perform at its best.

Using manufacturer-approved parts can also help to preserve the value of your car. If you ever decide to sell your car, having manufacturer-approved parts installed can help to increase its value and make it more appealing to potential buyers.

Conclusion

In addition to taking care of the physical parts of your car, some driving tips can help your car last longer. For example, avoid sudden starts and stops, as this can put extra strain on your car's engine and transmission. Also, be mindful of how you use your car's power steering and brakes, as these systems can be expensive to repair if they fail.

By taking care of your car and following these tips, you can help your car last longer and avoid costly repairs. Just remember to check the hoses and other parts of your engine regularly, prevent corrosion, follow good driving habits, and take care of your tires and gas mileage. With the right care, your car will be ready for any road trip or adventure that comes your way.

Choose IMX Auto

IMX Auto is your go-to auto center for selling your vehicle, no matter what state or condition it's in. Our team is made up of experienced and knowledgeable professionals who are dedicated to helping you through every step of the process. We'll answer any questions you have and provide you with all the information you need to make an informed decision.

So if you're looking to sell your car, look no further than IMX Auto. We'll make the process easy, convenient, and rewarding, and we'll help you get the best price for your vehicle. Contact us today to learn more and get started.

Let’s assume you are selling a used car since few people run around selling their new car. Two of the most common FAQs are how do I know the value of my car and how do I set an asking price? Car values differ depending on hundreds of factors, but let’s clarify the five primary “value” factors:

• Age and condition of the vehicle
• Mileage
• Make and model
• Enhanced accessories and optional equipment features
• Local market demand

Then you also have to consider who you sell to. The types of used car values based on who is doing the car buying are

• Private resale value
• Dealer resale value

Some people will put stock in the MSRP (manufacturer’s suggested retail price) but given the issue of immediate depreciation as soon as a new car is driven, there is no correlation between a new car and used car prices.

Car sales get a little complicated because the main pricing guides use different calculations but here is how you find a vehicle’s value.

What is The Car’s Market Value?

Forget the current market value. As you will discover in this article, there are many different prices for your car. It all depends on how you sell or trade your car, and to whom you sell your car. Trying to work based on “market value” is the wrong mindset.

Aim for a price that suits your circumstances, your timeline, the vehicle condition and how much money you want to make, save, and/or are prepared to lose. Also, market conditions and even the area in which you sell may affect the price. Establishing a car's value is a tricky business. There is no standard or average asking price when selling a car.

How Many Miles Are On The Car?

There is a certain level of expected depreciation when it comes to mileage. However, this varies. For example, a small economy car with 100K on the clock has a far lower car valuation and retail value than a 4x4, jeep or SUV with 100K on the clock.

People who know about cars will also understand the nexus point on a car’s value. It is the point in the car’s lifetime when it starts needing some of its bigger repairs, like a gearbox, exhaust, etc. For example, the old Smart Car roadster needed its biggest repairs at around 70K miles. A savvy car buyer who sees a Smart Car roadster at 80K with a recently replaced gearbox and exhaust will value the car far more highly than one at 70K miles with no major repairs in the last few years.

The Wear and Tear Damage

This is perhaps where all the car experts like to pipe up with their opinions on pricing information. They will tell you things about the wear on a steering wheel, and how rust in certain places means that the old driver used to speed. And, how you can tell if the previous owner used to hit the curb with the tires. Yet, simple wisdom is still the best in this case.

How Much is My Car Worth?

Getting a good price is often about finding the right portal for your sale. Back in the day, the portal of choice was classified ads. Then, for the longest time it was eBay. These days, the best portals and platforms are independent companies with easy accessibility and significant buying power. Companies like https://www.imxauto.com/ offer the best prices for people who do not have weeks and weeks to negotiate the best prices and are willing to pay more for your vehicle than other auto buying centers. Visit IMX Auto to get a fair and competitive price on your vehicle and sell it the same day you come in.

There are a few things that bother us electric car owners. The first is that electric cars may soon be a fad, which means we are stuck with thousands of dollars worth of nothing in our drive. The second botheration is the fact that electricity prices are so high that it is cheaper to run a gas-powered car. Finally, we worry about range. We don't want to go driving and find ourselves stuck in the wilderness with nowhere to charge the car. When faced with the range conundrum, most of us figure we should charge our cars every day, but is this necessary? Are our charging cycles good for the car? Should we be doing something else instead?

What is Your Car’s Range?

Should you buy an electric car? They are pretty polluting to manufacture and dispose of, and they add a significant amount to your electric bill. Another concern is that the car’s battery will run out of power too quickly. However, the “Range” concern is far less worrisome than most people realize. The range on your car, especially something like a Tesla, is pretty darn good.

Check out the manufacturer specs, and even if you knock 10% off their estimate because of the added weight of you and your family, and then knock a further 20% off their estimate because big companies lie, then you are still looking at over 150 miles per charge. When most people only travel around 40 miles per day, you are looking at a very tasty car range. In truth, you could probably go two or three days without charging your car.

Will Charging The Car’s Battery Damage Its Lifespan?

This is a tricky one because technically yes, charging lithium-ion batteries every night will damage their lifespan and long-term battery capacity. But, it sounds far worse than it is. Home charging every night is not the same as setting a firework off in your car’s battery. It only has a tiny effect on the overall health of the battery. You can think of it as wear and tear.

To put it more fairly, charging your electric car every night is not going to damage its lifespan in the traditional sense, but it may make it more difficult to super-extend your car’s battery life.

Recently, the US federal government mandated that manufacturers offer a minimum of an 8-year/100,000-mile warranty on electric car batteries. This policy was put in place to help stop the influx of cheap and nasty batteries that left people stranded and were an environmental hazard.

Even if you charge your battery every day, it must still survive at least eight years or 100,000 miles. Having to replace a battery after eight years may seem unfair, but almost every gas-powered car needs some serious mechanical work after 100,000 miles or eight years.

Should I Charge My Electric Car Every Night?

No, you shouldn't. Even if you rule out the point about battery degradation, electric cars, and plug-in hybrids have miles of range statistics that cover daily drives, and the Tesla Model 3 covers most road trips.

According to the US Department of Transportation Federal Highway Administration, the average driver clocks up 14,300 miles annually (roughly 275 miles per week). Data from the Environmental Protection Agency shows that the longest-range EV can reach or even exceed that distance on a single charge. Even electric vehicles with shorter battery ranges can manage the typical daily driving distance of 39 miles per day.

Plus, you can lower your range anxiety a little bit by remembering there are still plug-in charger stations dotted around the country. If you are super concerned, you could look up a few public charging stations in your general area and on the way to your road trip. You don't need a full charge in your EV battery every time you leave the house. Just like gas-powered cars don’t fill up their tank every day.

Your battery is under the most strain when it is having energy drawn from it at a massive and sustained rate. However, in terms of battery charging, fast charging, and so forth, two things are more stressful on your battery. When your battery is fully charged and when it is at zero charge, it is under tremendous stress.

It isn't battery breaking, but EV drivers who leave their car fully charged or fully emptied are not doing their battery any favors. It doesn't do your battery any harm in a realistic sense, but in terms of what is right and wrong for your battery, leaving it for too long at 0% or 100% is not great.

Should I Be Home Charging Every Night?

If you are planning on using your car tomorrow, then do a little home charging tonight and get it to 100% if you wish. However, if you are not planning to use your car for a while, then don't charge it up to 100% tonight. Wait until the night before you intend to use your car. Don’t leave it at 0%, but don't be in a big rush to charge it to 100%.

Should you charge it to 100% at recharge stations, gas stations, and off-site areas? Yes, of course, you should (if you are able). When you charge at an electric car charging station, you drive off in your car and keep using your battery. It only stays at 100% for a few minutes, which is fine. Again, don't worry if your car is at 100% for too long, your car’s battery will still last 8 years. It is just not great for your battery over the very long term.

Should I Just Charge to 80% or 90%?

Yes, you may lower the life expectancy of your battery if you charge it too often and too much, but life is way too short to be worried about charging your car too much and too often. Take the advice of this article, charge to full power when you need it and forget the rest.

Range anxiety is only for new electric car owners. After you have had your car for a while, you will get to learn how far you can go, you will get to learn how far a 20% charge will take you, and you will learn all the places you can get rapid charging so that you never become stranded. Plus, in a few years there may be EV charging stations on every street corner, so seriously, try not to worry yourself about these sorts of things. At the very least, don't be that person who sets their timer to stop their charger before their battery reaches 100%. If you are cool enough to buy an electric car, you are cool enough to charge it when needed and quit your worry fussing.

Conclusion – The Power of EV Batteries

There is an uncomfortable truth that needs to be dropped here, and that is that electric cars are not good for your wallet or the environment. The cost of electricity is far too high at the current time of writing and is only getting higher, and the cost of alternative solutions such as solar panels to charge your battery will never pay for itself over the lifetime of your car battery. There is also the fact that car batteries are devastating the environment in ways that we will suffer for hundreds of years.

However, do not let this dissuade you from buying an electric car. The fact is that modern batteries and future batteries will come to the rescue. Just think about how far batteries have come over the last twenty years - from cellphones and battery packs the size of a brick that only held a charge for two hours, to batteries so powerful, small, and light that they can power drones that can reach the top of the tallest building.

Batteries are only going to get more efficient and lighter. Improvement in battery management systems will mean less charging in cars, fewer materials being used, longer-lasting batteries, and fewer charging sessions. We are currently at the cusp where EV batteries can last a good eight years and make electric cars expensive, but still economically viable.

In just five to ten years, electric cars may be less polluting and cheaper than fossil fuel cars. They may last longer, pull harder, speed up faster and go for longer, and this is all due to improvements in modern batteries. The innovative battery technology they use in your next Smartphone may one day build the groundwork for electric planes. The future of PHEVs is unclear, but thanks to innovations in battery tech, you shouldn't rule this pony out of the race just yet.

At IMX Auto, we buy and lease a wide range of electrical vehicles. If you’re looking for an all-electric vehicle or plug-in hybrid, we can help.

The modern motorist faces all kinds of issues and pressures, some obvious, others not so. The early 2020s have bought numerous challenges that prick every driver’s conscience every time they get behind the wheel.

These issues are:

• scarcity of fossil fuels including oil - not a 21st-century problem but other issues have brought it into sharper focus
• environmental issues of oil sources
• impact of the worldwide microchip shortage and its influence on vehicle prices
• the 2020 (and ongoing) Covid-19 pandemic

The combined effect of these has had a major impact on the current market, car prices, and gas prices at the pumps. It must appear that these days, owning a car is quite a hassle and many of us would give them up if there were suitable alternatives.

The fact remains that for many car owners, their vehicle is not a luxury but a necessity. It’s also a fact that at some point during the course of owning a car, you need to sell it.

The issues mentioned above will also come into play for car sellers with the added issues of when is the best time to sell and which method of sale is best.

Inevitably, you are going to ask the question “should I keep my car or sell it?“ The answer to this is always going to be down to the individual and it depends on your motivation for keeping your old car.

Let‘s look at the major factors of influence on the decision to sell or keep.

The Current Market

We’ve already mentioned the external factors and market forces that have influenced car prices recently. Car prices have climbed so much that at the end of 2021 the average cost of a new vehicle was more than $46,000. This was an incredibly sharp increase. In 2019, the price jumped by $1800, in 2020, it went up by $3300 and the jump in 2021 was $6220.

The 2021 increase was driven mainly by the pandemic’s impact on the global supply of microchips which inhibited automotive production, causing demand to exceed supply. 

Used cars also saw an increase in price with a 41 percent raise over the last two years. This makes it a seller’s market - an ideal time to sell or trade your car.

The Condition of Your Car

We’re sure you know that cars are one of the consumer items that depreciate very quickly. The industry states that by the end of its first year, a new car will have lost around 40 percent of its retail value. This doesn’t apply to all cars and it varies a lot. Those that depreciate the least may only lose 10 percent of their value. Generally, an average car with an annual mileage of 10,000 will lose around 60 percent of its value at the end of year three.

This points to their being specific times during your car’s life cycle that present better opportunities to get the best sale price.

Depreciation is one factor but so are warranties and mileage. If you want to sell with a mileage of under 60,000, the manufacturer’s warranty is still valid and that peace of mind is attractive to potential buyers. If however, your odometer reading is over 100,000 miles, the car-buying public is wary, even if your car is in excellent condition. Likewise, cars with faults that need repairs may also be of concern to prospective buyers.

Forgetting about the resale price for a moment, if you want to sell your current vehicle because it keeps breaking down or has needed a lot of repairs to keep it safely on the road, it might be time to think about getting a new car to remove the hassle factor. A reduced asking price or reduced value of your car may be offset by repairs or the inconvenience of it being in the shop for extended periods.

Your Requirements Have Changed

Having a car is great as long as it meets your needs. Even if it provides reliable transport, you may need to consider selling it for its best price.

Just some changes of circumstances might be:

• You need to upgrade to a vehicle with an all-wheel-drive because you’ve moved to an area with significantly different winter conditions and your current four-door, front-wheel-drive car will not be able to cope so well.
• The car is no longer suitable for your family size/age - you might want to upgrade or downgrade according to changes in family circumstances. For example, if you need to become a two-car family where previously one was sufficient.
• Your current vehicle is a sedan but you need to change it for work purposes. You want to trade in your sedan for a pickup truck with improved utility and payload.
• You simply want to upgrade. You want your next car to be more fuel-efficient or you want to upgrade make, model and value.

When is The Best Time to Sell Your Car?

According to US News, between March and August is the best time to sell your car. It seems the weather influences our consumer decisions but this should not be the only factor that you consider.

Let’s dig deeper into what circumstances might be the most favorable for you to get as close to market value for your car as you can.

• Sell before you need to: If you leave it until you absolutely must sell you may have to take less money than you hoped for. If the vehicle has become unreliable, you could spend money on repairs.

• When the time is right for a replacement: Unless you are giving up driving, you need to replace your old car. As well as planning the sale, you need to consider your new vehicle. Planning enables you to research the market not only for models of interest but also for the best way to finance your next car.

• It’s the right time of year: Late spring and summer are generally the best times to sell a car. Major holidays are best avoided. The weather may also influence the types of cars that do better at certain times of the year, Convertibles are attractive during warmer months while SUVs and crossovers are strong contenders with the approach of winter.

• You’re spending too much on repairs: If the cost of maintenance and repairs is significant, it can eat into the budget you have for your new car. Also consider future spending, for example, you need a full set of new tires.

• You have a major service due: In most cases, it is not worth the expense of maintenance or repair costs before selling. Putting off repairs may reduce the value of your car but the loss is usually less than the cost of the repairs/service.

• Before you hit a mileage milestone: There are a few mileage milestones that should trigger a sell decision. They are before the odometer hits 100,000 miles before the factory warranty expires (usually 60,000 miles or three years) and before the powertrain warranty expires.

• If a new model is due: Every previous model year’s value declines with the debut of a new model year so it is best to sell before the new model is released.

• You are at risk of defaulting on your car loan: Defaulting on an auto loan will seriously damage your credit score as well as put you at risk of repossession fees. It will also make getting your next car loan extremely difficult.

• You are not underwater on your car loan: It is not good to sell your car when you owe more on the auto loan than it is worth. It is much better to sell when you have positive equity so you can pay off the loan and maybe still have sufficient funds to make a down payment on your next car.

• You’ve lost some confidence in your vehicle’s safety: If you experience a loss of reliability, a growing tendency to break down or you think your car lacks advanced safety features, sell your car for one that offers better security and more driver-assistance features.

• You might have positive equity: Having positive equity on the car (when the market value of the car exceeds the principal amount on your loan), you can take advantage of that by making extra money on it when you sell the car.

If any of these triggers the decision to sell your old car and buy a new one, you need to know the best way to do so.

How to Sell Your Car

There are various ways to sell your car. Each has its pros and cons so you’ll need to understand a little about each to decide on the solution that will get you the best deal. 

At IMX Auto we recommend our easy and instant 3-step process to selling your car. All you have to do is enter your information, receive a free estimate and complete a stop-by for a vehicle inspection, and cha-ching! Receive your check the same day you sell your car.

Simply visit our website for more information and to start your hassle-free car selling process today!

Instant Cash Offer

If you want the freedom to buy your next vehicle from anywhere you choose, an instant cash offer is a hassle-free way to sell. This transaction is undertaken with a vehicle buying center or a dealer who presents instant cash offers.

Although it can happen in person, many of these deals happen online. You are asked to submit information to a webform and in return will receive a cash offer. The offer will be based on the VIN (vehicle identification number), mileage, age, and features together with your description and the photos you upload.

The dealer will make a preliminary offer usually of baseline market value that will be firmed up when the dealer has the chance to physically inspect the vehicle. The final price may be higher or lower than the initial offer and the deal is done when you transfer ownership paper, sign over the car title and receive payment.

For a fair price and a deal that can be achieved quickly, sell your car to IMX Auto, a specialist vehicle buying center.

The last two years have been a turbulent time for the motor industry and the nation’s drivers and commuters. Firstly, the Covid pandemic kept everyone at home and a lot of people have taken advantage of the general shift to working at home. Then Russia invaded Ukraine throwing the world’s fuel supplies into crisis. Already under pressure from a strong economic recovery following the pandemic, oil prices skyrocketed to over $110 per barrel. The knock-on effect on gas prices only exacerbated what for many Western countries is being seen as a cost of living crisis.

Fuel economy has become a major consideration for people looking for a new car or a replacement for an old vehicle. Fuel-efficient cars are probably seeing a greater focus now than at any time in the past. A fuel-efficient car, especially considering gas mileage, is going to help you control your fuel bills.

Savings are applicable when you chose a brand new or a used car that is proven to be fuel-efficient. In this review to identify the most fuel-efficient cars, we will ignore plug-in hybrids because it is difficult to compare accurately with conventional vehicles, and also we will not be including SUVs and trucks.

The ranking system we have used is based on the combined EPA-estimated fuel economy for each car. For each car chosen, particularly those where there may be several fuel-efficient variants, we have picked the most fuel-efficient model.

Most fuel-efficient conventional gas-powered cars

Although not the most environmentally friendly option, gas-powered cars are generally cheaper to buy than hybrid cars.

Mitsubishi Mirage

Starting MSRP of $14,295

Fuel Economy

• Combined - 39 MPG
• Highway - 43 MPG
• City - 36 MPG

A new Mitsubishi Mirage hatchback with CVT (continuously variable transmission) is currently the non-hybrid vehicle with the best fuel economy on the market as well as being one of the cheapest. Sadly, there is a trade-off for what is, frankly, very impressive gas mileage. The Mirage has a 3-cylinder engine that only produces 78 horsepower so if you’re going to choose this subcompact car for its fuel economy don’t expect a powerful drive and be patient when driving inclines or entering a highway.

Hyundai Elantra

Starting MSRP of $19,650

Fuel Economy

• Combined - 37 MPG
• Highway - 37 MPG
• City - 33 MPG

The Elantra is the second smallest sedan in the Hyundai stable (the smallest is the Accent). If you don’t mind the compact size, the Elantra’s fuel economy will definitely save you money at the pumps even if it has an engine that only delivers 147 horsepower that’s not going to have you leave anyone on the line at the stop light.

Kia Rio

Starting MSRP of $16,150

Fuel Economy

• Combined - 36 MPG
• Highway - 41 MPG
• City - 33 MPG

This slot could easily have gone to the Hyundai Accent because it has the exact same EPA rating as the Kia Rio but including the Rio presents you with a wider range of options. The Kia Rio model to choose to get the best fuel economy is the four-cylinder engine with CVT that delivers 120 horsepower. A good choice if you’re a commuter with a stretch of highway driving.

Honda Civic

Starting MSRP of $21, 250

Fuel Economy

• Combined - 36 MPG
• Highway - 42 MPG
• City - 33 MPG

With its average starting price of over $21k, the all-new for 2022 Honda Civic is one of the most expensive compact cars. The 2022 model is also currently only available as a sedan with no hatchback option. The best option for fuel economy is the EX trim (mid-tier) powered by a turbo engine delivering 180 horsepower.

Toyota Corolla Hatchback

Starting MSRP of $20,825

Fuel Economy

• Combined - 35 MPG
• Highway - 41 MPG
• City - 32 MPG

The Corolla has never really won fans in the style stakes and has so often been unflatteringly called an appliance rather than an automobile but you can’t deny its standing in the fuel economy stakes. This applies to the automatic hatchback model with CVT. Avoid any Corolla model with six-speed manual transmission because this can negatively affect the combined MPG by more than 10 percent.

Most Efficient Gas-Electric Hybrid Cars

Combining an internal combustion engine with an electrical battery may involve higher upfront costs but there are greater rewards because you save money on gas. In general, as a class of automobiles, hybrid vehicles are much more efficient than conventional cars. Another bonus is that all-electric cars (including hybrids) have much lower emissions than conventional cars.

Hyundai Ioniq

Starting MSRP of $23,600

Fuel Economy

• Combined - 59 MPG
• Highway - 59 MPG
• City - 58 MPG

Performing as equally well on fuel economy in both the city and on the highway, the Ioniq is also attractive to the car-buying public because its base price is among the lowest for hybrid cars. If you drive a lot and want to limit the number of stops at gas stations, head to the dealership for a Hyundai Ioniq because it truly is the champion of fuel economy. The car is powered by a four-cylinder/104 horsepower engine and a 43 horsepower electric motor.

Toyota Prius

Starting MSRP of $24,525

Fuel Economy

• Combined - 56 MPG
• Highway - 58 MPG
• City - 53 MPG

The hybrid model that kicked off the hybrid revolution has managed to maintain such a decent fuel economy despite the increasing competition that it deserves its second place in the rankings of the most fuel-efficient cars. The Eco trim delivers the maximum mileage but if you want the all-wheel-drive option, you’ll have to sacrifice just a little of the MPGE.

Hyundai Elantra Hybrid

Starting MSRP of $23,750

Fuel Economy

• Combined - 54 MPG
• Highway - 56 MPG
• City - 53 MPG

Cementing Hyundai’s place as providing some of the most fuel economical cars on the market regardless of how the vehicle is powered, the Elantra Hybrid is less conventional-looking than the Ioniq. The attractive-looking sedan benefits from a combined 139-horsepower powertrain and favors a smoother dual-clutch automatic transmission over a CVT. For the best mileage, choose the Blue trim.

Honda Insight

Starting MSRP of $25,210

Fuel Economy

• Combined - 52 MPG
• Highway - 55 MPG
• City - 49 MPG

Honda aficionados and industry experts will recognize that the company has put an Insight nameplate on a car that is essentially a Civic hybrid. You might say that the Insight is a tenth-generation Honda Civic in disguise. Whatever way you look at the aesthetics, the fuel economy speaks for itself. For the best MPGE, go for the base LX or the mid-tier EX trim.

Toyota Corolla Hybrid

Starting MSRP of $25,210

Fuel Economy

• Combined - 52 MPG
• Highway - 52 MPG
• City - 53 MPG

Yes - the car that many people love to hate appears again in this list, this time in its hybrid form. One of the few cars (and the only one on our list) to perform better in the city than on the highway, you still have to love the bulbous body style of the Corolla to take advantage of its excellent fuel economy. This sedan-only model uses the Prius powertrain.

You may have noticed the dearth of American-made cars on this list that is dominated by Japanese manufacturers. According to all statistics, Honda is the most fuel-efficient manufacturer across all types of cars. If home automakers are important criteria for your vehicle choice, for the most fuel-efficient cars made in the USA, you need to look at the various models of the Chevrolet Bolt and the Ford Escape Hybrid.

If you’re looking for a new car and fuel economy is top of your list of priorities, any of these cars fit the bill. If you’re also looking for a great deal that saves you money overall, these models and more are all available for purchase brand new and for lease from IMX Auto.

If you’re upgrading and have a car to offload before getting a new one, you can talk to IMX Auto. We offer the industry’s best buy-back prices on all makes and models, including those with less desirable fuel efficiency ratings.

Sell Your Leased, Purchase or Financed Vehicle to IMX Auto in Burbank 

Looking to sell your vehicle? We got you covered, contact IMX Auto today! Call us at 818-873-2070 or visit us at 811 N Victory Blvd in Burbank, California. Our helpful team is standing by to help you easily end your current lease and make sure your next vehicle is your best yet.

Among the midsize SUV community, there is a special and unique feature that not many people talk about when browsing for a new vehicle, but that is extremely important both in terms of overall car space and passenger comfort.

We are talking, of course, about the factor of third-row legroom! Once upon a time, this kind of space in an SUV was reserved only for the largest examples of this car genre, but great leaps forward in design and technology now mean that there are plenty of midsize SUVs that are able to offer that extra bit of comfort and carrying capacity for both the driver of the vehicle and the passengers that are coming along for the ride.

It might seem like an easy design challenge to achieve a car interior that can strike a balance between comfortable seating and decent cargo space, but years’ worth of new releases have shown us that clearly isn’t the case.

Many SUVs over the years have been built with a much smaller third-row space than most drivers and customers would ideally like. What this means in practical terms is that more SUV shoppers end up having to compromise cargo space if they want to give their passengers more spacious legroom, or vice versa.

For most SUVs, extra space can measure up to 200 inches of legroom, and this will definitely start to eat into your trunk space behind that final row of seats. However, all is not lost!

There are some three-row SUVs on the market at the moment that have been celebrated for having the perfect combination of both storage space and legroom. If an SUV can achieve this crossover success in a comfortable, reliable, and, importantly, fuel-efficient manner, then you can feel like you have found the holy grail of haulers!

With all of this in mind, we have put together a rankings list of SUVs that have enviable and spacious third-row seats. These are:

1. Buick Enclave
2. Kia Telluride
3. Honda Pilot
4. Toyota Sequoia
5. GMC Yukon XL
6. Volkswagen Atlas
7. Volvo XC90
8. Chevrolet Traverse
9. Ford Expedition
10. Acura MDX

As we are sure you are aware, all of the SUVs listed above come in a range of models and model years, ranging from full-size SUVs to mid-size to sub-company if you aren’t too concerned with overall cubic feet volume.

Let’s take a close look at each of these luxury SUV choices, with the all-important roomy rear seats being the main focus.

Buick Enclave

If performance and comfort are two things that you look for in a vehicle with off-road potential, then the Buick Enclave Crossover will definitely not disappoint you. The Enclave offers a super spacious interior with third-row seating that offers 33.5 inches of legroom and even more hip and headroom.

With large side door openings, access to this spacious third-row seating is very easy, and the Buick Enclave also adds a number of luxury features such as Apple Carplay, and great safety features to protect the family. The premium Avenir trim level is unrivaled when it comes to back seats.

Kia Telluride

The Kia Telluride regularly tops the list of SUVs that are completely family-friendly when it comes to comfort and style. Stunning to look at both on the inside and the outside, the car has powerful horsepower, great towing capacity, and a great cargo capacity, not a trio that you will find in many compact SUVs.

With a decent starting price and good fuel economy, this really does rank among the best 3-row SUVs, and smart features like touchscreen controls certainly don’t hurt its appeal to the modern driver.

As well as excellent third-row legroom, this vehicle offers 31.4 inches of headroom and a huge 43.7 inches of hip room.

Honda Pilot

This three-row crossover SUV first hit the roads in 2003, with people particularly loving its premium interior features and top-of-the-line efficiency.

Though it isn’t a minivan, the Honda Pilot's third-row boasts 31.9 inches of legroom. Not bad for a vehicle with a turbo engine! This is a hauler that is family-friendly whilst also providing a platinum-level driving experience.

Toyota Sequoia

The Sequoia is one of the largest Toyota SUVs from the Japanese manufacturer, which perfectly explains why it offers so much third-row leg room. Unbelievably, the Sequoia beats peers like the Toyota Highlander, Subaru Ascent, Chevrolet Tahoe and Mercedes Benz, Nissan Pathfinder, and Mazda CX-9 in legroom capacity.

The numbers are huge all-round, with shoulder space of 66.4 inches and third-row hip room of 50.4 inches. Let’s not forget to mention the 381 horsepower and modern infotainment system. The former will keep the driver happy and the latter will keep the kids in the back even happier!

GMC Yukon XL

For an SUV choice that is both stunning to look at and offers top-of-the-range performance, you can’t do much better than the GMC Yukon XL. In particular, the 2019 models have been celebrated as real works of art both on the inside and outside. There is something very enticing about a car design that remains classy yet still has a body that is ideal for off-road activity.

Whether you want a good SUV for long-distance travel or for a local city work commute, the Yukon XL is ideal for both types of journeys. It has an expanded chassis that enables passengers with long legs to sit comfortably for many miles. In terms of the stats, the XL has 36.7 inches of third-row legroom and a whopping 41.5 cubic feet of cargo capacity right behind it.

Volkswagen Atlas

The VW Atlas was originally released in 2018, but the 2019 model is the SUV crossover that boasts the kind of third-row legroom that we are interested in. The vehicle is based on the signature VW unibody design that you will recognize on the Passat Sedan.

The Atlas adds 37.6 inches of legroom in its third row, and it even has a 60/40 split-folding bench on its second row which is something that not all of the SUVs on this list can claim. Even in this spilt folding configuration, access to the third row is incredibly simple thanks to sliding between the seats. Even a tall passenger will be able to comfortably sit in a third-row seat in a VW Atlas.

You can choose between two different engines on this model, a 2.0 turbocharged 4 cylinder, or a 3.6 l VR6 gas direct injection non-turbo engine. The standard front-wheel-drive offers some of the smoothest handlings of any of the suggestions on this list.

Volvo XC90

When it comes to style and luxury mixed with high engine performance, Volvo is a company that never lets drivers down. The Volvo XC90 in particular is a vehicle that delivers extreme comfort, extreme ease of handling, and extreme cargo space!

Packed with luxury design and high-tech features, the space-conscious model has 31.9 inches of third-row legroom and 46.9 inches of shoulder room. This provides an all-around super-comfortable experience for anybody traveling for extended periods of time in that part of the vehicle.

Chevrolet Traverse

One of the largest SUVs currently on the market, the Chevrolet Traverse measures more than 17 feet in total length! There is a thin line between an SUV and a minivan, and you could argue that the Traverse sits right on that line!

Every passenger gets treated to great legroom in this Chevy, with the third-row legroom measuring 33.5 inches. The cargo capacity is also something to shout about, with a total volume of 23 cubic feet behind the third row.

If you are looking for a car that definitely does not compromise performance for comfort but can rather achieve both effortless, then the Traverse might just be the one for you. With ample clearance from the road surface and a high-tech suspension system, the Traverse is about as comfortable as its gets in the world of high horsepower SUVs.

Ford Expedition

When it comes to ample legroom, something like the Ford Expedition fits the bill for an SUV that is super stylish and super comfortable at the same time. The 2019 model in particular adds plenty of space in the back, with 36.1 inches of rear legroom and 40.9 inches of hip room.

The Expedition has the second-largest amount of shoulder room on this list, with 64.3 inches. Accompanied by 37.2 inches of headroom, the Ford Expedition offers one of the most luxurious and comfortable rides for both the passengers and the driver.

Acura MDX

The final model on this list is the Acura MDX, a great midsize SUV that offers really comfortable legroom race on the third row. Another vehicle that succeeds in combining massive performance with massive comfort and style is a winner in our minds, and the Acura definitely achieves that balance.

With third-row legroom measuring 29 inches, there are some cars on the list that might offer more inches of legroom, but for a midsize SUV, this is still a good amount of space. Add to that that 18.1 cubic feet of cargo space behind the third row and you start to understand the value of a midsize option like this.

Benefits Of Having Extra Third Row Legroom

So, now that you have a long list of superior SUVs to choose from, let’s finish with a quick rundown of some of the best benefits of having all of that extra cargo capacity and legroom. Some points are obvious, others perhaps less so, but they all come together to prove just why you should seek out an SUV with great third-row legroom.

• A More Comfortable Journey For Passengers

When you are driving, you are almost in a different zone from your passengers. For those traveling in the back seats, the difference between no legroom and plenty of legroom is palpable. You will have a much more comfortable experience all around if you enable your passengers to travel in luxury!

• Better Resale Value

When the time comes for you to sell your current SUV in order to upgrade or maybe even downsize, having so much extra third-row legroom will make a difference in terms of the resale value that your car will have on the second-hand market. It is a definite selling point. Our lives are only going to get busier and fuller as the years go by, and somebody will be looking for a stylish SUV that looks great but still boast a lot of the practical elements that most people want in a vehicle.

Final Thoughts

When you are shopping for diamonds it's all about adhering to the ‘4 Cs’ rule, and you can think about SUV hunting as the ‘4 Cs’ as well, but in a slightly different way! We’re talking about comfort, class, convenience, and cargo space. If you can find an SUV that offers all of those factors in varying degrees, then you can be sure that your vehicle is going to provide you with many years of driving satisfaction.

SUVs are intended to give drivers a family-friendly vehicle that is ready for adventure at any time, and has something that you know is going to keep your passengers comfortable even as far back as the third row, whilst still being able to throw all of your luggage in the ample cargo space is absolutely ideal.

No matter which vehicle on this list you end up choosing, there is no doubt that you will be happy with your purchase!

Sell Your Leased Vehicle to IMX Auto in Burbank 

Looking to sell or trade in your vehicle? Look no further, contact IMX Auto today! Call us at 818-873-2070 or visit us at 811 N Victory Blvd in Burbank, California. Our helpful team is standing by to help you easily end your current lease and make sure your next vehicle is your best yet.

What Is a Disposition Fee? 

A disposition fee can be a nasty surprise. You show up to turn over your car at the end of your lease, then find yourself hit with a surprise $300 or $495 fee, even though you already finished all your lease payments. But what exactly is a disposition fee? Find out why your leasing company charges this fee– and how you can avoid paying it by selling your leased vehicle to IMX Auto.

A disposition fee is a fee that’s charged at the end of a car lease when you return a leased vehicle. Leasing companies charge disposition fees to offset the costs of putting a used car back on the market. Disposition fees are meant to cover things like cleaning, inspection, and administration costs. 

The tricky thing about disposition fees is that they’re easy to forget about. Other fees, like down payment fees and security deposits, are paid upfront. But disposition fees are paid only at the end of the lease, months or even years after you signed your lease agreement. By that time, it’s easy to forget the fine print you read when you first signed. 

Disposition fees also must be paid even if you took immaculate care of your leased vehicle and honored every part of your auto lease contract. You may have been mindful of excess mileage and made sure you always paid your monthly payments on time. You may have been extra careful to keep your car free of dings and excess wear. Regardless, you’ll probably still have to pay a disposition fee, since it’s a standard part of most new lease contracts. 

Disposition fees are also an unusual fee in general. Other types of fees, like early termination charges and late payment fees, are common enough for people to keep at the front of their mind. But because disposition fees are only typical in the auto leasing industry, it’s normal for a first-time lessee to be surprised by the fee when they go to turn in their vehicle. 

How Can You Avoid Paying a Lease Disposition Fee? 

There’s more than one way to avoid paying a lease disposition fee. One way is to take advantage of your dealership’s purchase option. Another way is to lease a new car from the same dealership since lenders will often waive the fee if you continue to lease from them. But what if you don’t want to buy your leased vehicle or get a new lease from the same dealership?

If you want to be done with your lease, you can still avoid paying a disposition fee by selling your leased vehicle to a lease buying center like IMX Auto. When you sell your leased car to IMX Auto, you avoid paying a disposition fee, since your original dealership no longer needs to restock your vehicle. Not all dealers can buy leased cars, but IMX Auto can. We’re able to pay top dollar for used and leased vehicles due to recent changes in the market and in-car value appreciation. 

Selling your leased vehicle can also help you get out of other fees, like early termination fees. IMX Auto can buy leased vehicles before the end of your lease term and help you buy or lease a new vehicle of your choosing. We sell and lease new vehicles of any make or model, so we’re here to help you get rid of the car you don’t like driving and get you into one you do. 

Sell Your Leased Vehicle to IMX Auto in Burbank 

If you’re ready to sell your leased vehicle and avoid paying a disposition fee, contact IMX Auto today. Call us at 818-873-2070 or visit us at 811 N Victory Blvd in Burbank, California. Our helpful team is standing by to help you easily end your current lease and make sure your next vehicle is your best yet. 

In 2021, one in four cars in the USA were leased (according to Statista). There are several reasons and excellent benefits to leasing rather than buying a car but any decision also needs to take into account what happens when you want or need to change the vehicle.

When you own the car, it is a simple matter of selling it, either online, privately, or in part exchange for a new vehicle with a dealership.

If you lease a car, the decision is more involved because you have to revisit the issue of whether it is better to take out a new lease or switch to buying a new car.

Also, when the lease term ends, there could be costs that are irrelevant in the selling process.

What are End of Car Lease Fees?

There are 5 main fees a leasing company may look to charge you at the end of a lease term.

These are

• Disposition Fee - also known as the turn-in fee, this is essentially a pimped-up admin charge to cover the costs of the leasing company cleaning up and repurposing your returned car.
• Excess Mileage Fee - charged if you drive more miles than as specified in your lease contract.
• Early Termination Charge - a penalty that is levied if you return your car before the lease term ends.
• Purchase Option Charge - not charged by all dealerships, but a potential charge if you decide to buy the car and the lease-end.
• Wear and Tear Charge - the amount to be paid will be based on the level of damage and the cost of the repairs as assessed at the wear and tear inspection.

When you enter a car lease agreement, you are not the car’s owner. Effectively you are only a caretaker. As a caretaker you are expected to look after the car - probably be more considerate than if it were your own vehicle.

Saving on Lease Returns Fees

How to make savings at the end of your lease will depend on the decision you make whether you return the car or buy the car. The following tips will not only help you save money at the end of the lease but will also inform your decision as to what you do for your next car.

#1. Sell Your Lease

If your pre-inspection has identified a whole raft of charges that have left you breathless, consider selling your car. You need to find a buyer that specializes in buying leased cars.

The first step is to get your car appraised.

Obviously, the appraised value may not be so great and if it is more effective and cheaper to pay the lease-end fees, then that is the most sensible way to go.

If the appraisal amount is more than or close to the lease buyout value, selling your car is the easiest way to get rid of your obligation to the lease and also circumvent the lease-end charges including the disposition fees and wear and tear charges.

Selling your car to IMX Auto Buying Center can not only save you money but can also make you money. IMX has an exceptional track record in buying leased cars that no other company is able to.

#2. Saving on the Disposition Fee

There are three ways to avoid the disposition fee:

• Check the contract before you sign - Ensure you know the conditions of the lease turn-in before you sign your lease contract. Know exactly what the disposition fee is. Some companies don’t charge a disposition fee or you may be able to negotiate a waiver with the leasing company but as it will form part of the terms and conditions of your lease agreement, it must be agreed upon before you sign anything.
• Sign another lease - If your intention is to lease another car rather than purchase your own vehicle, your current dealership may waive the disposition fee. If it isn’t automatic, you have a position from which to negotiate. Do your research before deciding to go to a different dealer. You may be able to find a car with a lower monthly payment but factor in the saving of the disposition fee. You may find it is cheaper to stay with the same dealer and leasing company than to change.

• Purchase your leased car - if there is a purchase option written into your lease agreement, there may be an automatic waiver of the disposition fee because the company doesn’t have to expend any cost or effort to prepare the car for a new owner/lessee. If not, again, it is a case of negotiation.

#3. Do Not - Ever - Exceed Your Annual Mileage Limit

Most leasing companies offer a range of mileage allowances. Your mileage allowance is set and written into your lease contract. It is important to make a really good estimate of how many miles you think you will do annually - err on the cautious and overestimate.

If you exceed your annual mileage limit, the charge could be anything from 15 to 25 cents per mile and may rise to even more in the near future given the current climate around fossil fuels and market pressures.

If you think you may exceed your limit, talk to your leasing company, they may enable a change to a bigger allowance - at a cost of course.

#4. Get a Lease-End Pre-Inspection

The biggest surprise to most leased car drivers when the current lease comes to an end is the amount the dealership claims for the Wear and Tear Charge. The $300-$500 disposition fee can pale into insignificance if you haven’t looked after the car well.

What you might consider being reasonable wear and tear may not be in line with the dealership. Anything that affects the aesthetic of a vehicle - interior and exterior - can reduce a car’s appeal to the next lessee or buyer, ultimately affecting the market value or lease payments the dealer may be able to get.

Sure, those little dings and dents you got from the store car park bollards are pretty small, but they will be picked up on. As will that cigarette burn in the upholstery.

Check your contract before panicking about any damage. Every leasing company has to allow for reasonable wear and tear but each will have its own interpretation of what normal wear and excess wear is reasonable. Most commonly, damage falling within the “credit card test” is not charged for: i.e. any damage that can be covered up by a credit card.

A lease-end pre-inspection will provide you with an estimate of what you could be expected to be asked to pay when you turn in the lease.

Always use a third party to carry out the pre-inspection - a company not associated with the dealership or leasing company.

#5. Repair Major and Obvious Damage Before Returning the Vehicle

There are three obvious areas that are best tackled by yourself before the lease ends that will save on termination fees.

These are

• Tires
• Glass
• Bumpers

Tires should be rotated regularly to balance wear and tear. Remember, the minimum legal tire tread in most states is 1.6 mm (2/32 inch). You will probably not be charged if you return your leased vehicle with at least 1/8 inch of remaining tread. If your tread is less than this or is bald, it is best to replace them. You can probably find replacement tires cheaper online than your dealership will charge on lease termination.

Glass covers items like windscreen, headlights, and taillights. The dealership may overlook scuffed head and taillight covers but they won’t forgive a cracked windscreen. If you’ve been sensible with your auto insurance, you’ll have a $100 deductible for a replacement windscreen. Paying this deductible is going to be cheaper than being charged a replacement fee by your dealership.

Bumpers can be costly to repair, particularly if they have become dislodged. Again, you can save money on wear and tear charges by getting it fixed before the handover inspection.

Check your contract for other things that are likely to be charged for if they are damaged or not working. Typically, this includes things like radios, navigation systems, window regulators, and spare keys. Again, getting them repaired is probably the cheaper option.

#6. Don’t Lose Anything

It is one of the most common recharges for leased vehicles. Lessees remove items from the car and then lose them. This can be anything from spare wheel covers, removable headrests and luggage compartment covers to the third row of seats for SUVs. Put anything you remove from the car somewhere safe.

#7. Stick to Scheduled Maintenance Guidelines

Just because you aren’t technically the car’s owner doesn’t mean you can ignore scheduled general maintenance. If your lease is for a new car and a term of 36 months, the vehicle warranty should cover the cost of repairs.

The best way to approach this is to keep a written record of scheduled and non-scheduled maintenance. This will prove that you have looked after all the areas of concern. Records should detail oil changes, tire rotations, and fluid level checks. If the inspection reveals engine trouble or mechanical problems, your maintenance records will make it hard for the dealer to claim you were at fault.

#8. Get Wear and Tear Insurance

If you know that in all likelihood you will be stung for wear and tear costs at the end of your lease contract, consider wear and tear insurance. You might be an accident-prone driver or have a sloppy messy family! Some leasing companies have their own wear and tear coverage for damage or your dealership may offer a policy from an independent insurer. As with everything, know exactly what you are covered for and how much you will be paying.