0
The benefits of leasing include the option to not make a down payment, paying sales tax only on monthly payments (in most states), and payment of a money factor similar to the interest rate on a loan. Leases may also include extra fees and possibly a security deposit, items not part of a direct purchase. First payments are made at the time the contract is signed.
The short-term monthly cost of leasing is less than the cost of buying, according to Leaseguide.com. For vehicles with the same price, term and down payment, monthly lease expenses will be 30 percent to 60 percent lower than loan payments.
Wiki User
∙ 7y ago
Add your answer:
Earn +20 pts
Can you lease a used car?
do dealers lease used cars
What are some companies that offer leasing of cars?
A company that offers leasing of cars is Markville Toyota. You can even lease to purchase your vehicle if after driving the vehicle for a period of time you wish to own it.
Where can one go to auto lease a vehicle?
You can lease a car from most dealerships. You can only lease new vehicles and not every vehicle is available to be leased. To lease a car you simply make a small down payment. Usually less than 20% of the cars value. Then you make monthly payments for the rest of the lease. When the lease expires you have to return the car.
What services are offered by BMW Financial?
BMW Financial arranges financing for BMW cars. They also arrange lease term for their vehicles. They are there to get you in a new or used vehicle quickly.
What are the option for leasing a vehicle?
You can lease cars for different time scales, various models, different packages etc
Small down payment get cars for cheap?
There are many ways to get a car cheap, such as, buying from a third party seller, to even having the dealership that you buy from finance your vehicle. but you can also lease a vehicle, where its simply like you rent a vehicle for a certain amount of time, most often a year. You can also buy used cars.
Do they take back lease cars in a bankruptcy?
An unexpired lease can be reaffirmed or the vehicle can be surrendered. The leasing company will take the car back if you are surrendering it. Keep it insured or you will have to pay for any damage sustained by the vehicle or caused by the vehicle until the leasing company actually takes possession of it.
Is there a difference between a term business car lease and a commercial auto lease, or are they one and the same?
A car lease is an individuals person lease for their car. A commercial car lease is the lease for a commercial vehicle which are used for businesses.
Can you trade in a leased car?
Yes, you can. When you lease a car you have the option of purchasing the vehicle at any time. When you go in to make a trade, the dealership will have to call the leasing company and get your payoff. Basically the dealership will pay the remaining balance of the lease and purchase the vehicle from the leasing company. It really depends on your situation, in a perfect world, the vehicle buyout would be the same as its trade in value but that is ususally not the case. If you have a closed end lease, you would be better off if you waited the lease out before purchasing a new vehicle. You may be fortunate enough to have vehicle that is worth more than the lease buy out amount. These days, there are a number of services which match people who are looking to lease cars with those who are looking to get out of a lease.
How much does it cost to lease class 8 trucks?
As much as the leasing company charges. It'll depend on the nature of the lease, duration of the lease, new or used vehicle, etc.
Why did it take so long for the EV1 to lease?
When leasing a vehicle it will have a residual value at the end of the lease. In the case of the EV1 it was such a horrific car it's residual value at lease end would be non existent. This car is one of the top 50 worst cars ever produced.
Where can you buy used cars such as a Honda Prelude?
Used cars such as the Honda Prelude may be purchased from Auto Park Burlington or Toronto Honda. They have good quality cars that usually get traded or come off lease.
