Search results
Results from the WOW.Com Content Network
A balloon loan payment lease is an agreement where the buyer agrees to make a larger-than-average payment amount at the end of the lease. The buyer makes smaller monthly payments leading up to the ...
Open-End vs. Closed-End Lease Leases have either open-end or closed-end terms. An open-ended lease means the dealer will calculate the value of the car after you return it at the end of the lease.
But weigh the pros and cons of leasing before signing on the dotted line. Unless you plan to purchase the vehicle at the end of the lease term, you could be setting yourself up for never ending ...
The total lease cost can either be paid in a single lump sum, or amortized over the term of the lease with periodic (usually monthly) payments. Closed-end leases generally provide that the lessee is responsible for insuring the property, for maintaining it in accordance with the lessor's requirements, and for paying any taxes or license fees ...
In finance, closed-end credit is a type of credit that should be repaid in full amount by the end of the term, by a specified date. The repayment includes all the interests and financial charges agreed at the signing of the credit agreement. Closed-end credits include all kinds of mortgage lending and car loans.
Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor. The lessee pays only for the value of the vehicle for the term of the lease.
For premium support please call: 800-290-4726 more ways to reach us
Minimum lease payments are rental payments over the lease term including the amount of any bargain purchase option, premium, and any guaranteed residual value and excluding any rental relating to costs to be met by the lessor and any contingent rentals. Leased asset is depreciated in books of lessee over its useful life if lessee intends to ...