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You'll still need to get approved by the leasing company, and you'll likely have to pay a transfer fee to close on a used car lease. But unlike a traditional car lease, you might be able to avoid ...
Mileage fees. One decision to make when leasing a car is selecting how many miles you expect to drive it. Three-year leases typically offer options of 10,000, 12,000, or 15,000 miles annually.
Buying out someone’s lease means the prior owner ate most of the depreciation, and you can score a lower-mileage car with a remaining factory warranty. Shop off-lease inventory for savings ...
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the lease term. Closed-end leases are not used for property which increases in value. In most cases, when a closed-end lease is entered, the lessor does not already own the property being leased.
When looking for a used car for under $3,000, take as much time as you need to find one that both fits your budget and can be relied on to get you around town safely. More From GOBankingRates 30 ...