Getting a new car tends to be a pretty big deal for most of us. Not only are you getting a newer, more reliable ride but you’re taking on more responsibility and essentially, more bills. After all, a new car is never free whether you buy it or lease it. As you may or may not already know, we’re fans of leasing new cars. It really is the absolute best way to go!

Below, you will find a few tips that you should think about before you lease a new car though. As cool as leasing a new car is, there are some things to keep a look out for. Ready to learn what those things are? Ready to lease a new car? If so, scroll down and enjoy!

Learn The Mileage

What do we mean by this? Well, when you lease a new car, you are typically given a mileage allowance. In other words, you can’t go over a certain amount of miles per year or you’ll be charged per mile after that. Usually, you can expect that number to be 15,000 which is about how many miles the average American drives in a given year anyways.

What You Can Or Can’t Do

Are you a smoker? If so, you may want to get used to not smoking in your car because it probably isn’t going to be allowed in any vehicle that you lease. We highly recommend not trying to do it and covering it up later because it probably won’t work. Non-smokers can smell cigarette smoke from a mile away and it won’t be easy to hide potential burn holes.

Add It To Your Budget

If you make a budget and have to manage your money like 90% of us do, you’ll want to figure out how much this lease is going to cost you. Haven’t researched it yet? We know that VW typically runs a promotion where you can put $2,000 down and lease a brand new VW such as the Jetta for $200 (for 36 months). At the end of that 36 months, you can pay off the difference, give the car back, or lease something else. Sounds pretty cool, huh?

Figure Out Why You Are Leasing

Finally, this last tip is kind of a “no brainer.” We think it’s always a good idea to weigh your options. We are fans of leasing but it isn’t always the right way to go. Do you eventually want to own the vehicle? If so, will you have the money saved up to pay off the difference at the end of your term? How do you plan on getting the money? Are you just going to lease again and again and again? If you’re doing that, why not just buy a vehicle?

Well…

These are all questions that you should ask yourself before you finalize the deal but the main points that we wanted to bring up were the following. You are limited on how many miles you can drive but your monthly payments are not even half of what a new car would typically cost you to buy. You will also have to come up with the difference at the end of your lease agreement. If you’re fine with these two things, leasing may be right for you!