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Dealers regularly try to attract customers with special discounts and credits, which are known in the industry as “incentives” like “no money down,” 0% financing, cash-back rebates and ...
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As mentioned, a customer can buy out of their lease at any time, avoiding these fees. However, after the first 90 days of our $1,200 purchase example, the lease service cost jumps from $75 to $977.50.
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.
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 ...
Going outside of EVs, some other auto lease deals — which might require a decent down payment — could be found for as low as $299 a month or less in July, according to Edmunds.com research ...
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