Renting a car may be a convenient way to drive a reliable vehicle, but it’s also a luxury that many of us can do without. It typically means lower monthly payments, the opportunity to get a newer model and the ease of upgrading every few years. However, many drivers also make simple mistakes along the way when leasing, which can cost them more than they need to spend. At Holiday Car Rental, we are committed to making your rental as enjoyable as possible. Here are the worst mistakes you can make when leasing a car.

1. Not Understanding the Lease Terms

One of the classic mistakes is signing a lease without thoroughly reading it or understanding it. Pay attention to:

• Mileage restrictions (such as 10,000 to 15,000 miles a year)
• Excess wear and tear policies
• Early termination fees

Neglecting this information can lead to unexpected expenses at lease-end.

2. Ignoring Your Driving Habits

If you frequently drive long distances, consider carefully lease offers that come with a strict mileage cap. Exceeding the limit may be as dear as 15 to 30 cents a mile. Never forget to align lease terms with your driving lifestyle.

3. Only Focusing on Monthly Payments

Despite a low monthly payment sounding great, ensure that the down payment, insurance, taxes, and possible end-of-lease fees don’t compromise your chances of saving. Appearance deals can be significantly more costly than they appear.

4. Skipping Gap Insurance

Gap insurance, which covers the gap between your lease balance and the car's value if it’s stolen or totaled, is also frequently overlooked. Without it, you could get stuck paying thousands out of pocket.

5. Not Maintaining the Car Properly

You are required to return your hire car in good order. Neglecting regular upkeep and minor repairs could result in big bills for “excessive wear and tear.” It pays to stay on top of service appointments.

6. Overlooking End-of-Lease Options

You typically have options when your lease expires:

• Return the car
• Buy it at the end of the lease for its residual value
• Upgrade to a new lease

Failure to look ahead can preclude some options. It’s typically best to assess your needs a few months before the lease comes due.

Final Thoughts

Car leasing can be a straightforward way to get behind the wheel of a new road vehicle at a low monthly cost, but it can also be complex and prone to mistakes. At Holiday Car Rentals, our staff explain every aspect of your rental agreement to you, to ensure your great driving experience is stress-free with no nasty surprises.

If you’re considering leasing, review the contract carefully, tailor it to your lifestyle, and plan how you will approach the end of your lease. That will provide you with assurance and peace of mind.