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In a car lease, the money factor is the part of the monthly payment that goes to the financing cost. Comparable to interest costs in mortgage payments, it's sometimes called a lease factor, lease ...
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.
6. Understand the Types of Leases. Choose a car lease that fits your needs. Here are common types of leases: Closed-end lease: a closed-end lease is the most common type of lease and has a set ...
Another freedom: You can drive this car as far as you want, whereas leases have mileage caps and charge for overages. Leasing, on the other hand, can get you into a nicer car for a similar monthly ...
It is one of the constituents of a leasing calculation or operation and is a key concept in accounting. It represents the amount of value that the owner of an asset can expect to obtain when the asset of its lease or when it reaches the end of its useful life. [1] [2] Example: A car is sold at a list price of $20,000 today.
A lease is a contractual agreement between a person who owns the property (lessor) and a person who gets to use it during the term of the lease (lessee). Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years.