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In a car lease, the money factor is the part of the monthly payment that goes to the financing cost. ... One decision to make when leasing a car is selecting how many miles you expect to drive it ...
Finding a reliable but affordable used vehicle can feel next to impossible. Where solid options for budget-focused shoppers could once be found for under $20,000, the "cheap car" market has shrunk...
Here's what you need to know about getting a lease on a used car, including how it works and the pros and cons. ... most CPO cars have a limited warranty that lasts for up to one year or 12,000 ...
Lease agreements typically stipulate an early termination fee and limit the number of miles a lessee can drive (for passenger cars, a common number is 10,000 miles per annum though the amount can be stipulated by the customer and can be 5,000 to 25,000 miles per year). If the mileage allowance is exceeded, fees may apply.
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.
2019 Hyundai Elantra GT. Starting MSRP: $19,450 Total 5-year depreciation: $11,192 Monthly loan payments at 5% APR: $294 Total loan payments over 5 years with 20% down: $21,530 Monthly lease ...