When people opt for leasing a family car, they do it because they wish to drive better and newer models for certainly fewer expenses than those involved in buying a car. But a family person should always make it a point to read carefully all the fine print before signing the lease agreement. For young families who are on a budget, leasing a car is the best option and top priorities would be a sedan with safety features, affordable price and of course, fuel economy. Keeping these in mind, here are some top family cars for leasing for the year 2016. These cars have earned high marks IIHS’s ratings. Each of the following family cars comes with a price tag of less than $23,000 and along with features such as automatic transmission, power windows, multiple airbags, power outboard mirrors, power door locks, air conditioning and cruise control.
The Top Family Cars for Leasing 2016
When looking for some of the top family cars 2016 for leasing, you could consider some of the top choices made by experts in the auto world.
Kia Optima LX
This is a midsize sedan and a real value for your money. It comes with features like hill-assist control, rearview camera, Bluetooth connectivity, and even auto-on headlamps. The backseat legroom may not be too great when compared to other picks, but it has about the same space assigned to the cargo-carrying trunk.
Nissan Sentra SV
You could opt for a base Sentra for almost $2000 less than a Sentra SV. The Nissan Sentra SV comes with automatic transmission, rearview camera, Bluetooth connectivity, a 5-inch touchscreen, Siri Eyes-Free, as well as, hands-free text messaging. Sentra is certainly the most reasonably-priced among the top picks. Standard content, solid mileage and low price are some of the merits of this car.
Mazda
Mazda is the most affordable family car but it boasts fantastic mileage and a broad spectrum of standard content including push-button start, rearview camera, trip computer, 7-inch touchscreen, Bluetooth connectivity and also the Mazda Connect Infotainment Interface along with Pandora, Stitcher, and of course, voice recognition
Volkswagen
Though the second costliest among the discussed lot, it boasts of maximum rear-seat legroom. For 2016, Volkswagen has refurbished both the rear and front styling of the midsize sedan for your family. Additionally, the center stack and the instrument panel are given a brand new look.
Leasing Mistakes to Avoid
Once you have made up your mind about which model of a family car, you would like to lease, you must avoid some silly leasing mistakes so that you emerge as the ultimate winner in the entire deal. Some experts believe that people tend to make many mistakes while setting up their vehicle leases, and this could prove to be pretty costly. Here are five common auto leasing mistakes that you should avoid. Visit leasequit.com for effective leasing solutions.
Mistake No.1: Paying Excessive Money Upfront
Dealers are always emphasizing that you pay a substantial amount at the beginning of the lease contract so that you could enjoy low monthly lease repayments. However, paying too much in terms of upfront money could lead to a problem in case your leased car is stolen or wrecked in the initial few months. In such an event, the insurance company would be reimbursing the car leasing firm for the car’s real value but whatever money was paid upfront by you would not be refunded. As such you would end up with no car and lose a lot of money.
Mistake No. 2 Overlooking GAP Insurance
Remember that any car’s value would drop remarkably once it leaves the dealership parking lot. Leased cars are definitely no exceptions to this rule. If your leased car is wrecked or stolen, the Insurance Company would be making a payment to the dealership for the car’s value. The insurance company would not be covering your total obligation as per the lease terms. You would need to pay the balance from your pocket. Suppose you meet with a serious accident involving your leased family vehicle. In such a case, the GAP would actually be covering the real amount still outstanding on your part on the car lease. If you do not have GAP insurance coverage, you would have to make a huge payment for a car you can’t use. At the time of leasing, people should check if GAP Insurance is included in the lease contract.
Mistake No. 3: Exceeding the Miles in the Lease contract
Some leasing companies promise low monthly payments simply because they offer low mileage limits. Usually, leasing contracts would be specifying a mileage limit. If you cross that limit you would need to pay an additional amount when the lease term expires. You must avoid giving this extra fee by choosing an appropriate lease contract and knowing your family’s driving habits well. You could always ask the leasing company for a relatively higher limit to meet your requirements.
Mistake No.4: Not Knowing the Lease-End Terms & Conditions
You must fully understand your lease-end terms and conditions. You need to drive your leased car with a lot of care and caution to avoid any accidents, damage or unnatural wear and tear. In such an eventuality, you would need to repair the issues using your own money before returning the car on lease.
Mistake No.5: Stretching Your Lease Period
Do not lease a car for too long. If you lease a vehicle for too long, you would have to pay a lot more extra money in terms of maintenance.
Conclusion
Your decision to lease a family car would primarily depend on your current lifestyle. In the end, your decision should be based on your driving requirements and your precise budget.