Q:

How do you find information about good auto lease rates?

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Quick Answer

MotorTrend Magazine provides a useful tool for evaluating auto lease rates and options on a wide variety of vehicles. With the MotorTrend tool, it is possible to search by features such as body style, make and model to determine what type of lease rates are available.

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Full Answer

Auto lease rates are dependent on many factors, such as the capitalized cost, down payment, dealer incentives and residual value, as noted by MotorTrend Magazine. It is important to know these factors in order to compare rates. With MotorTrend's useful lease tool, users can search by clicking links for Bodystyle, Make and Class. For example, clicking the Convertible tab reveals a variety of vehicles matching that classification. Finance incentives appear for those interested in a loan as well as a lease.

By clicking the individual car, users can view options for the trim and model, and can use the calculator to determine the type of monthly payment available with a lease. The search tool shows the prices for each trim, with the ability to adjust the final capitalized cost for those who anticipate negotiating a lower price. The tool does not compare specific lease rates from competing auto manufacturers, and dealer incentives change often, making it necessary to contact local dealers for current specials.

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