Search results
Results from the WOW.Com Content Network
For premium support please call: 800-290-4726 more ways to reach us
Buyout fees: When you buy out your lease, most dealerships will charge you a purchase-option fee. The amount is usually a few hundred dollars, and it lets you exercise your option to buy your ...
For premium support please call: 800-290-4726 more ways to reach us
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 ...
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
A novated lease is a motor vehicle lease which has been novated, that is, the obligations in the contract have been transferred from one party to another.. A lease is novated with a three way agreement (Deed of novation) between the lessee, the lessor (usually a finance company), and a third party, under which all parties agree that the third party will take on some or all of the lessee's ...
The lease may also come with an acquisition fee or a drive-off fee. This can add up to thousands of dollars. From there, you will make monthly payments over the life of the lease to cover the ...
A bargain purchase option is given to the lessee. This is an option that allows the lessee, upon termination of the lease, to purchase the leased asset at a price significantly lower than the expected fair market value of the asset. The life of the lease is equal to or greater than 75% of the economic life of the asset.