The supervisors at FairLease talk about keeping monthly fees low.

Dallas, TX, — Auto leases provide the benefits of buying a new car without some of the potential pitfalls. Insulating people from the loss of depreciation while still enabling them to enjoy the comfort and reliability of driving a new vehicle, these contracts are designed to save money over the long run. While the total savings will vary based on contract specifics, the savings over buying can climb as high as 50 percent. There are ways, however, to contain the costs even more.

“When prospective lessees work with an auto leasing company directly, they will find there are ways to help reduce their payment amounts,” explain the supervisors at Dallas-based FairLease. “The key lies in working closely with a leasing consultant to review all the options.”

These tips can help prospective lessees set terms that fit their budgets:

• Take care when selecting the vehicle – Auto leases costs rise and fall based upon the prices of the vehicle a prospective lessee wants to drive new. If one vehicle is too costly, working closely with a leasing consultant to select a lower-priced, but still-suitable vehicle may make a difference.

• Be sure to use a trade-in – Reputable auto leasing companies not only accept trade-ins, they work with prospective lessees to gain the highest trade-in values possible. This can help contain overall and monthly costs nicely.

• Consider the length of the agreement – Increasing the length of a lease agreement from three to four years, for example, can cut monthly costs. Most reputable auto leasing companies provide terms up to five years.

“Auto leasing consultants can work directly with prospective lessees to help them obtain the best possible terms to fit their budgets,” say the supervisors at FairLease. “If an initial quote doesn’t quite fit, be sure to ask about available options.”

To find out more about automobile leases, visit FairLease online at www.fairlease.org.


About FairLease
FairLease, a credit union owned and operated company, follows a credit union philosophy of serving people, meeting their needs and providing the best product at a reasonable price. In essence, we want "lessees for life". That's why we work so hard to take care of our customers and treat them fairly. In return, they get honest deals from a source they can trust.