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  2. Mistakes to avoid when leasing a car - AOL

    www.aol.com/finance/mistakes-avoid-leasing-car...

    For example, if you exceed the mileage limit by 5,000 miles, you could end up owing an extra $1,500 — at 30 cents per mile — when you turn the car in at the end of the lease. 5. Not ...

  3. 5 costs to consider before leasing a car - AOL

    www.aol.com/finance/5-costs-consider-leasing-car...

    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.

  4. Vehicle leasing - Wikipedia

    en.wikipedia.org/wiki/Vehicle_leasing

    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.

  5. Avoid These 8 Car Leasing Mistakes - AOL

    www.aol.com/avoid-8-car-leasing-mistakes...

    When leasing a car, people often forget to negotiate the cost of the vehicle, also called the capitalized cost. Instead, they focus on reducing monthly payments or lease terms. That is a mistake ...

  6. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    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.

  7. Buy or Lease Your Next Car? Here's What to Know - AOL

    www.aol.com/buy-lease-next-car-heres-200000608.html

    Consider the pros of leasing a car. When you lease a car, you sign a contract allowing you to drive it for a period, such as three or four years, after making a down payment, such as 10%.

  8. Residual value - Wikipedia

    en.wikipedia.org/wiki/Residual_value

    Residual value also known as salvage value describes the future value of a good in terms of absolute value in monetary terms after depreciation, and it is sometimes abbreviated into a percentage of the initial price when the item was new. It is one of the constituents of a leasing calculation or operation and is a key concept in accounting. It ...

  9. What to Know Before You Finance or Lease Your Next Car - AOL

    www.aol.com/borrowing-smart-know-finance-lease...

    Another freedom: You can drive this car as far as you want, whereas leases have mileage caps and charge for overages. Leasing, on the other hand, can get you into a nicer car for a similar monthly ...

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