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You'll qualify for competitive rates with lower monthly payments if you have good or excellent credit. ... if your monthly take-home pay is $4,000, your car payment or lease shouldn't exceed $400.
Leasing, on the other hand, can get you into a nicer car for a similar monthly payment. The caveat is that at the end of the term, when it comes time to turn in the vehicle, you’re left with ...
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If you have a current loan or lease, use that monthly amount as a starting point and adjust based on your situation. ... than 10 percent of your monthly income on your car payment. Factor in ...
Typically a leasing company will have a minimum length of lease such as 24 months up-to 60 months. Recently a new view on leasing is that the market has grown for short term lease called 'flexi-lease'. Flexi-lease is when a person can lease a new vehicle for 3 months and then choose to hand the car/van back or indeed extend the lease for ...
The monthly lease payments may be much lower than you would pay if you take out a loan for a new car. In fact, the payments may be a lot lower for a much newer model.
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