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The average car lease costs $487 per month. In comparison, the average car payment for a new car is $548. In comparison, the average car payment for a new car is $548.
What is car leasing? Find out everything you need to know about leasing a car, including the pros and cons and how to get the best lease rate.
In 2024, car sales were down so automakers and dealerships could be looking to make back some money by lowering lease prices. Learn More: 2 Reasons New Car Prices Will Crash in 2025
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.
By 2005, Enterprise Rent-A-Car's customer service has been recognized seven times by J.D. Power and Associates as highest in customer satisfaction for rental car companies at or near airports. [10] The company was named ninth on Business Week's top 25 companies customer service list in 2007. [11] [12]
The yearly depreciation of a car is the amount its value decreases every year. Normally a car's value is correlated with the price it has on the market, but on average a car has a depreciation around 15–20% per year. [12] [13] Depending on market conditions, cars may depreciate 10–30% the first year. [14]
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