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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....
Leasing a car is a great way to get into a brand-new model every few years. If you fall in love with your lease, you might decide to buy the car at the end of the lease period.
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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Trade in your used car: Trade in your used car to lower your new car's final price and tax obligations. Buy through a private seller: Buying through a private seller can help you avoid some fees.
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.
Dealer or retail price is the price expected to pay if buying from a licensed new-car or used-car dealer. Dealer trade-in price or wholesale price is the price a shopper should expect to receive from a dealer if trading in a car. This is also the price that a dealer will typically pay for a car at a dealer wholesale auction.
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.
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