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That is the question many car shoppers ask themselves. According to money expert Suze Orman, there is only one correct answer. Here's why Orman says leasing is a waste of money....
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.
GM established lease payments for the EV1 based on an initial vehicle price of US$33,995. [57] Lease payments varied from approximately $299 to $574 per month. [ 58 ] An industry official suggested that each EV1 cost the company around US$80,000 , including research, development and other associated costs; [ 59 ] other estimates placed the ...
GMC (formerly the General Motors Truck Company (1911–1943), or the GMC Truck & Coach Division (1943–1998)) is a division of American automotive manufacturer General Motors (GM) for trucks and utility vehicles. GMC currently makes SUVs, pickup trucks, vans, and light-duty trucks.
As mentioned, a customer can buy out of their lease at any time, avoiding these fees. However, after the first 90 days of our $1,200 purchase example, the lease service cost jumps from $75 to $977.50.
The GMC Terrain is a crossover SUV by American manufacturer General Motors under its GMC marque. Sharing its platform with the Chevrolet Equinox, the first-generation Terrain was built on GM's Theta platform, [1] while subsequent generations are built on the Delta platform. The Terrain is the smallest GMC vehicle, slotted below the Acadia.
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