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What else can I help you with?
Do miles matter on a lease if you buy the car?
Yes, miles do matter on a lease if you plan to buy the car at the end of the lease term. The number of miles driven can affect the car's value and potential resale value, which can impact the overall cost of buying the car at the end of the lease.
Do you have to pay for extra miles on a lease if you decide to purchase the car at the end of the lease term?
Yes, if you decide to purchase the car at the end of the lease term, you may have to pay for any extra miles that exceed the mileage limit specified in the lease agreement.
Can you sell your leased car before the end of the lease term?
Yes, you can sell your leased car before the end of the lease term, but you will need to pay off the remaining lease balance in full before transferring ownership to the buyer.
Can you sell a leased car before the end of the lease term?
Yes, you can sell a leased car before the end of the lease term, but there are some factors to consider such as the buyout amount, early termination fees, and the agreement with the leasing company.
What describes the term residual value?
the amount a car is said to be worth at the end of the lease
What happens if you give up a car before lease is up turn into dealership after 13 months on a 3 year lease?
If you give the car back to the car dealership before your lease has expired, then the lease is over. You stop paying the monthly payments. This is very common in people who want a low monthly payment, thus they get a long car lease and then end up trading back in the car for a new car before the lease has expired.
Do miles matter on a lease if you buy the car?
Yes, miles do matter on a lease if you plan to buy the car at the end of the lease term. The number of miles driven can affect the car's value and potential resale value, which can impact the overall cost of buying the car at the end of the lease.
What happens at the end of a car lease?
At the end of a car lease u return the car to the dealership. The most u get is a 6 month extension. Hope that helped. Adios.
Is the purchase price at the end of a car lease considered bargain purchase?
No. You're not getting any bargains by buying the car at the end of a lease, rest assured of that.
Do you have to pay for extra miles on a lease if you decide to purchase the car at the end of the lease term?
Yes, if you decide to purchase the car at the end of the lease term, you may have to pay for any extra miles that exceed the mileage limit specified in the lease agreement.
What is the Average cost of corp car lease?
The average cost of a corporate car lease is between 250 and 300 dollars. They usually will not allow a lease of a luxury car unless it is a high end company. In some case, a company car is one of your benefits and may be higher end.
Which type of lease makes you responsible for any difference between the actual and estimated depreciation on the car you lease?
Open-end lease
What type of lease makes you responsible for any difference between the actual and estimated depreciation on the car you lease?
Open End lease
Can you sell your leased car before the end of the lease term?
Yes, you can sell your leased car before the end of the lease term, but you will need to pay off the remaining lease balance in full before transferring ownership to the buyer.
What is meant by a balloon payment on a lease car?
A balloon payment refers to the last payement you make on a car that you got as a long term lease. At the end of the lease you can either make a balloon payment and buy the car, or you return the car.
Is it cheaper to lease a car rather than buy a car?
No. Leasing is for suckers. A lease is no more than renting a vehicle with nothing to show for it at the end. Stay away from a lease. Buy what you can afford, and forget the lease.
What is a car lease?
A car lease can be thought of as a long-term car rental. If you choose to lease rather than buy, you will not own the car. You will simply be leasing it for a predetermined period of time. When you lease a car, you are not leasing it from the car dealer itself. You instead lease it from a leasing company, who in effect buys the car and rents it to you in exchange for your monthly payments. This leasing company can be the financial arm of large automakers (such as GM Finance or BMW Finance) or may be an independent leasing company of the dealer's choice. The dealer generally acts as an agent on behalf of the leasing company in negotiating the terms of the car lease. The most common type of car lease is called a "Closed End Lease". In this type of lease, you and the dealer agree on the length of time and interest rate at which you will lease the car, and also on the final value of the car at the end of lease (called the "residual value" of the car). When your lease is over, you can either turn your keys in or you can exercise the option to buy the car at the pre-agreed residual value. It should be worth noting, that an open-ended lease is practically unheard of these days. Any legitimate car dealer should be offering a closed-end lease.
