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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.
Used lease: Most leases are for new vehicles, but leasing a used car is another option. Single payment lease: You make all of your monthly payments upfront with a single payment lease.
In some cases, financing a car is a more affordable option for a family. Even if you have the same monthly payment of $400 at thirty-six months, you'll own the car at the end of the term.
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.
The leasing market is a great alternative for drivers who want to drive a new car while still keeping loan payments affordable. Mileage Allowance Leases often come with mileage limits.
A lease is a contractual agreement between a person who owns the property (lessor) and a person who gets to use it during the term of the lease (lessee). Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years.
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