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Buyout fees: When you buy out your lease, most dealerships will charge you a purchase-option fee. The amount is usually a few hundred dollars, and it lets you exercise your option to buy your ...
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Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...
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Buy–sell agreement can be in the form of a cross-purchase plan or a repurchase (entity or stock-redemption) plan. For greater neutrality and effectiveness of the buy–sell arrangement, the service of a corporate trustee is recommended. Profit or loss from a buy-sell agreement may trigger tax conquencess and taxable income. [2]
The lease may also come with an acquisition fee or a drive-off fee. This can add up to thousands of dollars. From there, you will make monthly payments over the life of the lease to cover the ...
Kansas does not allow engaging in the business of selling vehicles directly or indirectly without a franchise agreement with the manufacturer. [58] This includes the display of vehicles in a showroom, thus banning galleries. Kansas does permit service centers, and one is planned for Lenexa, the city council granting its approval on April 19 ...