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Also See: The Best Car for Every Age Group, According to Expert ©Kia. 2024 Kia EV6. Monthly payment: Starting at $179. Lease term: 24 months. ... Lease term: 36 months. Due at signing: $1,299.
The average car lease costs $487 per month. In comparison, the average car payment for a new car is $548. ... When you return your car at the end of the lease term, you'll pay additional fees ...
But sometimes that attractive offer requires a shorter loan term than you anticipated, such as 36 or 48 months. If so, the resulting monthly payment might not fit your budget.
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.
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.
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. After a usage of 36 months and 50,000 miles (ca. 80,467 km) its value is contractually defined as $10,000 or 50%.
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