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You’d be out of a car, and that upfront money you handed over to the leasing company would essentially disappear. It’s recommended you spend no more than about $2,000 upfront when you lease a car.
Your lease term and cost vary depending on your leasing company, the interest rate, the down payment, and the car's capitalized cost. Here are a few tips to get the best lease rates: Compare the ...
Lease swaps or auto lease transfers let you take over someone else's lease and make the remaining payments through the end of the contract. You can get the lease from someone you know or use a ...
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.
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.
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 ...
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