Search results
Results from the WOW.Com Content Network
Fortunately, there may be another option: buying out your lease. Car leases usually allow lessees to either return the car, trade it in for another , or buy it at the end of the lease period.
Just explain the situation to the DMV, and it'll either officially correct the mistake or issue you a new title. The procedure and requirements for a lease buyout title transfer differ from state ...
Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
The lease purchase agreement expounds upon what responsibilities the tenant/buyer and landlord/seller undertake during the course of the lease. This contract should describe any option fee and how much of the monthly payment will be credited to the down-payment for the purchase of the home at the end of the lease. At the end of the lease-term ...
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 you love your car and want to keep driving it after your lease ends, buying the vehicle might be a great option. However, there are several things to consider before signing on the dotted line.
This option, but not the obligation, to acquire the car after a period equivalent to a contract hire is therefore packaged as either an option (in law) to purchase the car (a call option) at a 'set' price, or a right to sell the car (a 'put' option) at a set price after ownership is fully achieved from the final ‘balloon’ payment.
For premium support please call: 800-290-4726 more ways to reach us