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The “gap” refers to the difference between what you still owe on your lease and the car’s value. Let’s say your contract states that at the end of the lease, you can buy the car for $13,000.
The length of a car lease agreement depends on your lender and the length you choose. You might be able to get out of your lease early, but most lenders will charge you an early termination fee.
It looks expensive inside and out, the driver is rewarded with snappy handling and high fuel economy, and in this base LX trim, it's a very affordable car. Honda offers five more lease specials on ...
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.
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 ...
You'll likely have the option to buy the car at the end of the lease for a price predetermined in the contract; this option is appealing if you like the car and haven't had any major issues with it.
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