What Are the Advantages to Promotional Lease Deals?

The Advantages to Promotional Lease Deals

Promotional lease deals are not just methods of false advertising. There are many advantages to promotional lease deals which can save the consumer tons of money during the term of the lease.

When a dealership or car company advertises a promotional lease deal, it usually reduces the price of the vehicle on which the lease is based. This means that the consumer will have lower monthly payments. The money factor can also be reduced, in turn reducing the rate at which the vehicle is leased. A promotional lease deal can even raise the lease-end residual value of the vehicle, also lowering the monthly lease payment. All of these factors contribute to an overall great deal when it comes to promotional lease deals.

Can’t the Consumer Negotiate Their Own Deal?

It is true that the consumer can also negotiate a lease deal on their own, but technically price is the only factor in a lease that can be negotiated. This means that the lease-end residual value and money-factor cannot be negotiated, since they are set by the car dealer’s finance company. In turn, consumers do not have as much impact when it comes to achieving great lease deals while car leasing companies can offer much better promotional lease deals.

When promotional lease deals are not being offered, it does not mean that the consumer cannot get a great lease deal. A good price on a vehicle that has a naturally high residual value combined with a low money-factor makes a pretty reasonable deal. Remember that a deal on a few factors within a lease will save you more money in the long run than getting a good deal on one factor.

In the end, promotional lease deals are a great way to save you time and money. You will not need to do tons of research regarding the different aspects of a lease, because the promotional lease deals will touch on most of the factors which will save you money down the road.

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