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What is a automobile lease?

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Anonymous

16y ago
Updated: 8/17/2019

A deal for a fool. Stay away from an auto lease. Basically you are renting the car for a set period of time. Leases can be so confusing as to require a lawyer to understand. Buy what you can afford and forget leasing.

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Wiki User

16y ago

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Related Questions

Where can one find the best automobile lease deals?

There are many places where one could find the best automobile lease deals. One could check sites such as Cars Direct for information regarding obtaining the best lease deal on an automobile.


How does someone lease your automobile?

you need a co signer


What is involved in automobile financing by banks and finance companies?

Under a lease arrangement, the financier keeps the automobile's title. The customer usually makes monthly payments and has an option to buy the vehicle at the end of the lease period.


What are the differences between an automobile lease and an automobile loan?

When you take out a loan to buy a vehicle, you will be asked to make monthly payments for a certain number of years. At the end of that time you will own the vehicle. When you lease a vehicle, you make monthly payments for a certain number of years and then you give the automobile back to the dealer.


Does PA have a buyer's remorse clause?

No, there is no buyer's remorse law on the purchase or lease of an automobile.


Where can you find a good BMW lease calculator?

You can find a good BMW lease calculator on the Automobile Magazine website. You can also find lease information on the BMW website or at your local BMW dealer.


Are automobile lease payments tax deductible?

Not on personal leases, sometimes on business leases (as an expense).


Did Jackie Gleason or his company ever own or lease a Zimmer Golden Spirit automobile?

Pretty sure that yes, he did. It was a limousine.


What is the process for giving my automobile on lease to a local business?

I could find no evidence that private individuals leasing to businesses is a service that is offered. Most businesses appear to lease vehicles from auto fleet companies instead.


Can you explain how automobile leases work?

An automobile lease is like renting a car for a specific period of time, usually 2-4 years. You make monthly payments to use the car, but you don't own it. At the end of the lease, you can return the car or buy it at a predetermined price. There are usually mileage limits and wear-and-tear guidelines to follow.


What information should I know when leasing an auto?

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.


Is now a good time to lease a Nissan automobile?

Nissan is currently going through some corporate restructuring, so it is most definitely not a good time to lease a Nissan automobile when other car companies are giving cash-back offers or even no-interest offers. As always, do consult your local Nissan dealer for good deals and shop around for a good price on a car lease, but the national economic situation suggests that Nissan may not be able to compete as well as other car companies.