| Leasing a used vehicle can be an
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| | Next, you need to check the initial
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| attractive deal in many ways, no
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| | mileage and the overall vehiclecondition.
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| leastgetting you into that luxury model
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| | The maximum mileage on a used car should
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| or SUV, for lower monthly payments thana
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| | be no more than 12,000miles a year. A
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| brand new one. Be prepared, however, to
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| | 3-years old car with 50,000 miles on the
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| do some more homework to dissecta good
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| | clock is veryunlikely to make a good
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| deal.
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| | used-vehicle lease. Check for signs of
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| As with new car-leasing, your price
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| | excessiveuse, like worn seat fabric, worn
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| research should focus on the keyfigures
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| | pedal pads and dirty engine, which
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| that are the initial market value and the
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| | mightindicate that the odometer has been
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| estimated residual valueof the used car.
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| | rolled back. If the car is notcertified,
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| This is harder to predict since there is
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| | you need to get it thoroughly inspected.
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| no factory-setsticker price on used cars,
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| | Ask your dealer for
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| and the residual percentage is very much
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| | amanufacturer-sponsored certification
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| peggedto a subjective current retail
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| | program or have your car certified bya
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| value. Use different sources to get a
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| | qualified mechanic or inspection service.
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| roughidea of the value of the used car:
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| | Most used-car deals don't come with gap
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| your local dealerships,
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| | coverage. This is a special typeof
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| internetcar-evaluating tools, such as and
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| | coverage, normally offered on a new
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| Cars.com, to name but a few.
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| | auto-lease, to cover the consumer ifthe
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| Another way to pin down a good estimate
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| | leased vehicle is lost, stolen or
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| is to compare the lease on yourgiven car
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| | damaged. Typically,
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| to a lease on a new-car with the same
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| | auto-insurancepolicies cover only what
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| make and model. This shouldgive you a
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| | your car is worth at the time of loss,
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| better picture of the difference between
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| | not whatyou still owe on the lease. The
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| leasing new and goingfor used. Just like
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| | difference could run into thousands
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| leasing a new car, used vehicle leasing
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| | ofdollars. For peace of mind, do not
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| is moreattractive when residual values
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| | enter into any used-car lease
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| depreciate the least. You stand a
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| | withoutgap-coverage. Arrange it
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| betterchance of finding a bargain in the
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| | separately with either the lease dealer
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| high-end, luxury vehicles that keeptheir
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| | or yourauto-insurance company.
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| values better as used cars.
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