Check your budget and decide your monthly payment target
Choose the vehicle type, trim, and mileage needs
Research lease offers from multiple dealers and manufacturers
Compare total out-of-pocket costs (down payment, fees, first payment, taxes)
Verify the lease term (typically 24–48 months)
Select an annual mileage allowance and plan for possible overage charges
Review the money factor (or APR equivalent) and confirm it matches the offer
Confirm the vehicle’s MSRP and the agreed-upon selling price (cap cost)
Ask for the residual value and understand how it affects the payment
Negotiate the selling price even if it’s a lease
Get the full lease quote in writing with all fees itemized
Review early termination terms, including any buyout options and penalties
Check end-of-lease conditions for wear and tear and required inspections
Understand excess mileage and excess wear charges and their calculation method
Review gap insurance options and decide if you want coverage
Confirm whether maintenance is included or if you must purchase it
Check title/registration requirements and who pays registration and taxes
Ensure you can meet credit and income requirements for the lease
Gather required documents (ID, proof of income, proof of insurance, driver’s license)
Arrange insurance that meets lease requirements before signing
Read the lease contract carefully for mileage, fees, disposition, and lease-end obligations
Avoid large down payments if you want to reduce risk from total loss or early termination
Sign the lease only after confirming every number matches the written quote
Schedule pickup and confirm the vehicle condition at delivery
Keep copies of the lease agreement, payment schedule, and inspection reports
Plan for lease-end return procedures and any required pre-return inspection