4 Ways to Get A Great Deal
Here’s How You Can Get a Great Deal on a Lease
by Jon Guzik
You don’t like bad deals, do you? No? Great! But wait, are you satisfied with merely a good deal? Yes? Hmm. Don’t be... In any situation, even if it’s unrealistic to expect this, you should, in your heart of hearts, strive for the best possible outcome. Obviously, right? But when it comes to car deals, that obvious goal may not be achieved so easily. If you’re going in cold, you’re allowing a series of unforeseen consequences to chronically affect the term of your lease.
But we won’t accept that outcome for you. So here’s a crash course on how not to succumb:
1) Pick the correct car
With Borrow, of course, this is easy: We offer the excellent Fiat 500e. Simple decision. However, generally speaking, make sure to choose an appropriate car for your needs. Never forget that you’re leasing a tool, not a toy. And sure, unlike buying, leasing doesn’t necessarily tether you to one car for the foreseeable future, but this is still an investment, so choose wisely.
2) Research before you go
Research, that’s the name of the game. Use resources like Kelley Blue Book and Consumer Reports to find the fair market value for the car you want to lease. “Before” is always the best time to learn exactly what you ought to be paying.
3) Know your costs
Once you've decided to lease from Borrow, shored up your ability to fund that car and consider yourself ready to get to signin’ and drivin’…consider again. Make sure you’re not the only one who’s aware of how much you want and ought to be paying per month. Get a quote upfront and stick with it.
4) Eliminate Ambiguity
There are plenty of ways to keep things transparent, even if the sheer volume of decisions is intimidating. First rule: keeping asking questions. If there’s anything murky about the term sheet…Clear. It. Up. Second rule: don’t rely on what you assume to be true. Even if the answer turns out to be exactly what you thought, well, you know that saying about assumptions… This applies to mileage, lease length option and really anything else that’s susceptible to the lurking threat of hidden costs.
Borrow is an electric vehicle subscription company with one goal: to make driving an EV as simple and accessible as possible. Borrow is the only electric vehicle subscription service of its kind with a goal of reducing greenhouse gas emissions and decarbonizing the everyday drive.