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What are some of the terms I can negotiate when leasing a vehicle?

Following are some of the items you may try to negotiate when leasing a vehicle:


  • the agreed-upon value of the vehicle (a lower value can reduce your monthly payment)
  • up-front payments


  • length of lease


  • monthly lease payment


  • end-of-lease fees and charges


  • mileage allowed and per-mile charges for excess miles


  • option to purchase either at lease end or earlier


  • whether your lease includes "gap" coverage, which protects you if the vehicle is stolen or totaled in an accident.





Brenda Procter, M.S., State Specialist & Instructor
Personal Financial Planning, University of Missouri-Extension





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Last update: Wednesday, April 19, 2006




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