To turn in a leased car that is under mileage, you typically need to schedule an inspection with the leasing company. They will assess the condition of the car and verify the mileage. If everything checks out, you can return the car and potentially avoid any excess mileage fees.
A finance lease is a form of financing that transfers substantially all the risks and rewards incidental to ownership over a leased asset from the lessor to the lessee. By signing the contract and delivering the leased asset, the lessor transfers economic ownership over the leased asset, while legal ownership is transferred only upon the expiration of lease, on payment of the final instalment. In a finance lease, the lessee uses the leased asset for most of its lifecycle, as with loans.An operating lease is a lease whereby all the risks and rewards incidental to ownership over the leased asset remain with the lessor. In this case, the lessor retains the economic and legal ownership over the leased asset, while the lessee has only right of use. Upon the expiration of contract, the leased asset is returned to the lessor. Under an operating lease, the lessee uses the leased asset for less than its useful life.
Yes, you can sell a car that is currently under lease, but there are some important considerations and steps to follow. You would need to first check your lease agreement to see if it allows for the sale of the vehicle. If it does, you can proceed with finding a buyer and negotiating a price. Once you have a buyer, you would typically need to buy out the remaining lease balance before transferring ownership to the new owner. It's important to contact the leasing company to understand the specific process and any fees involved in selling a leased car.
No, it is generally not possible to refinance a car that is registered under someone else's name unless the owner of the car agrees to the refinancing process.
From my understanding the only way to break a lease is to pay it off or stop paying. The latter suggestion obviously has detrimental effects on your credit. The best way to "break" a lease is to pay whatever payments are left on the lease. Financially this might be a real good idea. If you are still under the mileage for the lease and it is cheaper to pay the remainder of your lease payments, rather than pay the mileage penalty.
- Customized products. - Low volume production. - Products requiring different and non repetitive processings.
The homophone for "smallest in amount rent under written agree" is "least" (rhymes with "leased").
least, leased
leased, least
Least and Leased
least, leased
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the company leasing them gets them back they own them same as renting things.
The leasee is responsible, unless the vehicle is still under warranty and the problem is covered under said warranty
The homophone for "smallest in amount rent under written agreement" is "lease."
The homophone for "smallest in amount" is "least," and the homophone for "rent under an agreement" is "lease."
Fee simple ownership describes the absolute ownership of real property.A leased fee interest describes an ownership interest of a property that is under lease.A "combination" of those two concepts would result in the "leased fee" ownership description.