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A crossover, crossover SUV, or crossover utility vehicle (CUV) is a type of automobile with an increased ride height that is built on unibody chassis construction shared with passenger cars, as opposed to traditional sport utility vehicles (), which are built on a body-on-frame chassis construction similar to pickup trucks.
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.
If the lessor gives the lessee a cash allowance for improvements, this is treated as a reduction of rent and amortized over the lease term. Lease Bonus: Prepayment for future expenses. Classified as an asset; amortized using the straight-line method over the life of the lease. Rent Kicker, or Percentage Rent: Common in retail store leases.
The lease term is the length of time you agree to lease the car. If you have a shorter lease term, you may end up paying more each month but less in the long term.
Life-of-lease cost Costs may include an early termination fee based on how much has been paid vs. the car's current value, transfer fees, vehicle disposal fees, and taxes, as well as any overdue ...
If you want to get out of your car lease early, learn whether you can refinance before your lease is up and how to do it to help your financial situation.
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.
Drivers looking to lease a car in 2025 will be delighted to know that the price of auto leases could be on the decline. In 2024, car sales were down so automakers and dealerships could be looking ...
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