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Mileage fees. One decision to make when leasing a car is selecting how many miles you expect to drive it. Three-year leases typically offer options of 10,000, 12,000, or 15,000 miles annually.
Choose the Right Mileage. Most leasing contracts have an annual mileage limit of 10,000 to 15,000 miles. ... A higher residual value means the car will depreciate less over the lease term, and ...
Honda CR-V: Lease vs. Purchase. Assuming a lease term of 36 months with an annual mileage of 12,000, a monthly lease payment of $400, a due-at-signing payment of $2,500, and $1,300 annually for ...
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 outlay.
What Is the Cost to Lease a Car? The average car lease costs $487 per month. In comparison, the average car payment for a new car is $548. ... If you exceed this mileage by the end of your term ...
The average length of a car lease is 24 to 36 months. How long you lease a car will affect your monthly costs and mileage allowance. ... Remember most lease terms require drivers to carry auto ...
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