When you lease do you pay interest on the price of the car?

Do you pay an interest rate when you lease?

You pay a lease "factor" that's not technically an interest rate. To determine how much you pay each month, the leasing company calculates how much your car is worth (now and at the lease end), divides this by the months you'll have the car for and assigns a factors to this amount. The leasing companies are in business to make money and they'd often rather have you lease the car than buy it - there's more profit there.

What if your husband files bankruptcy and you have a leased car?

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What happens when you total a lease car?

When a lease car is totaled, the car company will require the car lessee to pay the lease balance to get out of the contract. This is applicable for a wrecked car and non-reparable vehicle.

Do you pay taxes on a lease car in Georgia?

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Is there advantage of buying a used car with cash?

You bet. You will be able to get a better price. You will not have to pay interest on a car loan. You are a smart shopper if you pay cash for a car. Only suckers borrow money to buy a car.

Do you pay tax on car lease in nc?

Yes you do, I just got taxed over 200 dollars on my leased car and I'm in my 1st year of my lease. Check your lease, it will tell you who has to pay the property tax each year.

Do you have to pay the balance on a lease if you volunteer to surrender the car?

Yes

Can i buyout my car lease while in a chapter 13?

In Chapter 13, you have the option to continue to pay for your car lease payment or you can opt out of your car lease payment. The trustee may not allow you to buyout a car lease if other outstanding secured debt needs to be paid.

Do you pay sales tax on a car lease in Indiana?

yes, touche!

If you have a lease and can't pay any more and you are late a couple of months on top of that what will happen if you turn the car in?

Read your lease. it should addrewss what will happen if you turn it in before the lease is up. Likely you WILL have to pay.

At the end of a car lease you pay a certain amount if you decide to buy the car what is this amount called?

Residual. This is the difference between the price of the car and what you have all ready paid. Let's say the car price was 30,000 and you paid 15,000 with the lease. You still have a 15,000 balance so that is what you will pay to keep the car. If you don't the dealer will resell the car for that and a bit more to make the money out of the car. Take the car for a check up to your mechanic before you turn it in so the dealer can not say you have to pay for repairs. I had a dealer try this and he wanted to add several hundred to the cost of the car above what I owed. The week before I had it in and checked out and that was the only way I could prove the dealer was trying to cheat me.

When you lease do you pay interest on the price of the car?

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What exactly is a BMW lease calculator used for?