Should I wait a few months before leasing my new car?

I would like to engage in the lease in a few months from now. Would I purchase your program now and begin looking for the vehicle I would like to acquire? I don’t want to impact the program in a negative way by not signing a lease immediately.

My KTL USA At-home Leasing System rewards those with extra time.

In a lot of cases, my clients are able to exit (i.e. “flip“) their current lease early and get into their next lease car in a better position than waiting until the last minute. (Plus, waiting until the last minute is a surefire way to get super stressed out.)

This is why my system gives you access for a full 12 months. So if you are going to order my system, it is better to do it sooner than later.

Is it better to lease a car for 24 or 36 months?

I just got this question:

What are the pros/cons of getting a 24/36 month lease?

I teach my clients to ALWAYS look for a 24-month lease – when the price is right that is.

Let me explain:

Most people lease a car (in my humble opinion) the wrong way.

They obsess about the low monthly advertised payment. But they forget to include the other costs. These other costs often double… sometimes triple the true monthly payment.

The big forgotten cost is the down payment. At a minimum, a down payment is at least $2,000.00. I have never seen a down payment requirement for less than $2,000.00 – never. Sometimes, down payment requirements are many thousands of dollars. I have seen some approaching $20,000. Thus, the low monthly payment is no longer so low.

Another hidden high cost is the “Rent Charge“. This is “lease speak” for the amount of interest the leasing company charges us to borrow money to lease a car. Usually, the Rent Charge is close to 10% of the Cap Cost of the car. This adds many more thousands to the cost of leasing.

And then there are the fees. We are charged advertising fees, destination fees and many other miscellaneous fees in between. Again, this adds many more thousands to the cost of leasing a car.

My clients are taught to run simple math to see if a 24-month lease is better (or worse) than a 36- or 39-month lease. We do this by calculating the total cost per mile. (It does not matter how many miles we choose… as long as we use the same mileage amount for both calculation scenarios).

For example, let’s say a new Toyota RAV4 is going cost us about 35-cents-a-mile for a 36-month lease. And the Toyota RAV4 calculates to 48-cents-a-mile for a 24-month lease. Clearly, the cheaper 36-month is the way to go.

But sometimes, a 24-month lease is almost the same cost per mile than a 36-month lease. It is rare, but it does happen. And when it does, I prefer to get into a 24-month lease.

Why? A few reasons:

Continue reading “Is it better to lease a car for 24 or 36 months?”

Can I lease a new car with a temporary worker visa?

A lot of my clients are here in the good ol’ USA on a temporary worker visa. And they want to know if they can lease a new car – like this:

I am a foreign worker here in the USA on a visa. So I was wondering if I can still lease a new car when I’m on a visa? I have around 17-18 months left on my visa and I can extend the current visa for another 3 more years. Thanks.

In all the years I have been offering my KTL USA At-home Leasing System, I have never been asked for help for a denied lease to foreign workers.

In fact, I would bet 1 out of every 7 of my clients is from Eastern Europe – temporarily living on either the east coast or west coast here in the USA. And they have never reported a problem to me. Car sellers in California and New York regularly lease cars to foreign workers. With that said, a car seller in the middle of America will probably be confused about leasing to a new customer with a temporary worker visa.

I understand those with work visas find leasing a car is MUCH easier than financing a car. Because the credit requirements for most leases are less stringent than financing a car.

Here is the important part: the standard lease “term” is 36 months. Lease companies need to have the work visa last longer than the lease term. So I would extend your current visa for another 3 years as soon as possible.

The best part of using my new-car leasing system is we are in contact with dozens of car dealerships at the same time. So if one is unfamiliar with leasing to foreign workers – no problem… you just lease your car with another car seller.

Do I have to pay for new tires at the end of my lease?

This is one of the most-asked questions I get on this leasing blog… “Who is responsible for replacing tires on a leased car?”

Like this one:

Reason why I stumbled upon your website and you was due to not wanting to pay for an extra set of tires on my 2nd year of a 3-year lease. Felt it was a cost I could use elsewhere. I read about what you and your package is all about and it inspires me knowing there’s hope for people who are 3k miles over the expected mileage. Not sure how your selected aggressive buyers work for people with worn out tires. Is that taken into account when my vehicle is appraised? Just curious how that all works once my vehicle is chosen to be bought out of the lease contract.

Thanks for your honesty and all the knowledge you’ve shared with us so far!

I am a TERRIBLE liar, so honesty is all I got:>


If we “flip our vehicle” (something I STRONGLY suggest for anyone to try – nothing to lose, everything to gain)…

Being just 3,000 miles over the limit is chump change in the end. The wholesale mileage “whack” is roughly 5 cents – in your case $150. Yep, just $150. That means 3rd-party car-buying services will merely lower their appraisals by just $150… but they might be willing to pay us hundreds or even thousands to buy out our vehicle.

About your tires. This is where the leasing hustle begins. The standard 36-month lease (or 39-month lease) almost always forces us to get new tires. This way, when we turn in our cream puff with new tires, the dealership will flip our barely-used vehicle for a MASSIVE profit on their used-car lot… complete with us funding the new tires!

But once again, flipping our vehicle avoids it all. No need for tire replacements… no need to worry about any over-the-mileage penalties – heck, even that EXTREMELY profitable $350.00+ “disposition fee” vanishes. We allow a 3rd-party car buying service to flip our car as is… and we get a direct deposit (or FedEx) for any “lease equity”. In the rare event we are “underwater”, the amount owed is often a fraction of what the leasing company will charge us.

The “fleecing” “industry” loves to scare us half to death about damage and over-the-mileage penalties. Being scared = higher profits for them…

We can fight back by flipping our car and ripping up the lease agreement. And there is nothing they can do about it.

– markus