answersLogoWhite

0

What information should I know when leasing an auto?

Updated: 9/10/2019
User Avatar

Wiki User

13y ago

Best Answer

There are a number of things you need to know when considering a lease on an automobile. You must know the duration of the loan (term), the upfront costs needed at time of signing, and the mileage limit for your lease.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What information should I know when leasing an auto?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How advanced of a horseback rider should you be before leasing a horse?

if you know how to ride and can look after him or her go for it


Should you get an auto loan or lease a car?

I think you should get an auto loan instead of leasing a car. You can get an auto loan easily at a lower interest rate and you would get a new car which would be your own . Where as in leasing a car you would get a used car and there are many other problems in leasing a car.AnswerThere are many benefits to a traditional auto loan. An auto loan is easier to understand and easier to shop for than an auto lease. The complexity of leasing makes it easier for dealers to take you for a ride. Another advantage of an auto loan over leasing is that you end up with a valuable asset that belongs to you ? the vehicle. After you have made all the payments on a traditional auto loan, you own the vehicle. In contrast, after you complete payments on an auto lease, you have to return the vehicle, lease it for an additional term, or find the money to purchase it. A traditionally financed auto loan is a fiscally more conservative approach than a lease. With the loan, you are investing in an asset; with a lease, you are not.Also, with a traditionally financed auto loan, you can set the level of body damage and liability insurance you want. A leasing company might require you to take a coverage limit or deductible level that costs more than what you would otherwise want.A big advantage of car leasing for some consumers is that you can generally arrange a lease that allows you to pay less per month for a given vehicle than you would pay with traditional financing for the same vehicle.Another advantage of a car lease over a loan is that you don't have to sell the car at the end of the lease. You can simply turn it in to the leasing company. If you know that you will want a new car after, say, three years, you can lease for that period knowing that you can easily get rid of the car at the end of the lease. You don?t have to worry what the car will be worth. In contrast, with a purchase, you have to trade in the car or sell it at whatever the market will bear.In some states, car leasing might seem to have an additional advantage: you pay taxes only on your payments, not on the full purchase price of the vehicle. That is true in the District (not in Maryland or Virginia). But this apparent advantage is generally roughly offset by the fact that the tax rate on lease payments is higher than the tax rate on a purchase. In the District, for instance, you pay a 10 percent rate on car lease payments and a six percent rate on the purchase price of an automobile.


What information should you know about the author of your sources?

If you are relying on someone as a source of information, you should know what qualifications that person has, to write authoritatively on that topic.


What information should I know about getting an ohio auto insurance quote I just moved here.?

You can go to dmv.com to search for car insurance in the Ohio region for free.


What are the pros and cons of leasing a pub in England?

I am thinking of leasing my Freehold pub does any one know anything about the law with this and is it a good idea?


How will I know when it is time to replace the brakes on my vehicle?

For more information bout brakes, look on the website of auto repair shops including Midas, and Auto Zone. The fact that you think something might be wrong should make you at least have them checked out.


Are there any apartment complexes looking for leasing agents or managers?

While I'm certain there are, there is no way to know because you did not put your location into the question. Try rephrasing it as "Are there any apartment complexes IN (WHATEVER TOWN YOU LIVE IN) looking for leasing agents or managers? ' and you should get an answer.


Where can I find the cheapest car lease?

You can information on the cheapest car leases at www.leaseguide.com. They tell you everything you need to know about leasing a car. What you need to make sure happens and what you need to watch out for.


What is the best place to get help with and obtain information about exhaust systems?

You need to know approximately how much this type of work should cost and how it will affect your car. You also should know what will be done to your car when it has work done on it. The best place to go would be your local auto shop or where you purchased your car.


How much oil to fill the auto trans on a subaru impreza?

Unfortunatly I dont know the amount but I know you shouldnt put oil in your "auto transmission" you should be useing transmision fluid.


What auto does an stp sa3717 air filter fit?

your local auto parts store should be able to look it up and let you know :)


Where can I find information about auto car repair?

You could go to your closest auto shop and see what their prices are. I'm not sure if they do this, but you could ask and see if they know prices to other auto shops around the area.