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When your car lease expires, purchasing the vehicle may be a good option if you grow attached to it and want to continue driving it. However, similar to buying a vehicle, a lease buyout comes with ...
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A typical car lease with a buyout option happens at the end of the lease term. If you want to buy the car, you pay the residual value, which is determined at the start of your lease.
When your car lease is up, you typically have two options: Return it or keep it. Many contracts add provisions that state you can buy the vehicle at a price set before you even sign the lease ...
Vehicle remarketing is the controlled disposal of fleet and leasing vehicles that have reached the end of their fixed term. In vehicle leasing, after the lease expires, the lessee either returns the vehicle to the supplier or buys it. The vehicles that are not purchased by the driver become an unwanted asset for the fleet or leasing company ...
If your lease contract is up and you want to get a car at a different dealership, learn which car dealers will buy out your lease so you can make a good trade.
Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). There are two primary methods of borrowing money to buy a car: direct and indirect. A direct loan is one that the borrower arranges with a lender directly. Indirect financing is arranged by the car dealership where the car is purchased.
Most car dealers offer a variety of financing options for the purchase of cars, including loans and leases. Financing can be highly profitable for dealerships. There have been some scandals involving discriminatory or predatory lending practices, and as a result, vehicle financing is heavily regulated in many states.