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A new-car lease is a relatively short-term agreement: In exchange for a monthly payment and a few fees, as well as a down payment (maybe), you drive off with a new car. There almost always are ...
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash ...
The term of a lease is usually 24 to 36 months. The average new car loan in the United States now stretches to 70 months. A payment plan for a loan is completely different, as the customer largely ...
Leases are cheaper because you won't retain any equity. For better or worse, once the lease is up, you'll simply pay for any damage or mileage overages, then return the vehicle, unless you buyout ...
6. Understand the Types of Leases. Choose a car lease that fits your needs. Here are common types of leases: Closed-end lease: a closed-end lease is the most common type of lease and has a set ...
As car leasing becomes more popular, it's important for any potential car buyer or lessee to know what it means to lease a car and understand the pros and cons of leasing versus buying. What Is ...
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