Explain how a lease agreement for a car works?

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a lease is very much like a loan... you're responsible for the car, and you decide its fate. think of it as a loan with a promise in the middle, the leasing company promises that they will buy it back from you for a fixed amount provided its within the agreed mileage and condition. if it's worth more than they promised to pay, you can opt to trade it and keep the balance... or just outright keep it for yourself by buying it out. if its worth less than what they promised to buy it for, you win... they have a problem, but you dont... that's why leasing really makes sense... many times the buyout is too high and it wouldn't be worth it to keep. then you can just do whatever youd like... drop it off and go deal wherever you choose on whatever you choose, or deal with your same dealer, or buy something instead of leasing, or buy used.... its your choice, the sky's the limit....Show more

Put some money down, sign a lease agreement for a period of time - make monthly payments, when the lease is up, the car will have what's called a residual value - and you will be penalized if you've put too many miles on it. See the lease contract.

You can pay the entire residual value (or get another loan to pay the residual), or let it go back to the lender....Show more

I hate which you had to undergo such horrendous acts and nevertheless would desire to stay interior the complicated. for my section, i think of which you will desire to have the skill to breech the contract given the incidents on my own. Being which you will no longer destroy the hire w/o dealing with a good purchase mumbo jumbo, i think of it may well be smart for you to fortify secure practices at your place. whether it might desire to be at your guy or woman cost, a minimum of you will sense extra look after. attempt paying for a small digicam & visual exhibit unit secret agent kit, metallic vent door, and/or perhaps an alarm. tell your resident supervisor which you're making plans to place in those products at your cost and labor. assure them additionally which you would be retrieving any and all kit which you install upon achieving the tip of your hire. I assemble which you're an smart youthful guy, use your ingenious facet and spawn an concept that would desire to fulfill your desires/needs. wish this became into effectual. Be secure....Show more

First you have to qualify for a lease, or you can always do a EQUITY plus.......Show more

Great answer from the previous person. May I suggest http://www.leaseguide.com this will assist in almost every question....Show more