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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.
Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor. The lessee pays only for the value of the vehicle for the term of the lease.
Cars are notoriously bad investments: on average, they lose 57% of their value in the first five years they spend on the road. Now, if you're the sort of person who likes to buy a car every other...
Since the end of the 20th century, several award competitions for cars and trucks have become widely known, such as European Car of the Year, Car of the Year Japan, North American Car of the Year, World Car of the Year, Truck of the Year, and International Car of the Year. [citation needed] Examples of modern cars: [citation needed]
Car shopping can be a stressful endeavor, especially if you're not entirely sure what you want, and if you're on a tight budget. More: Don't Buy a Car at a Dealership on This Day of the ...
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10. 1997-2001 Toyota Camry. The Camry’s reputation for dependability makes Toyota’s midsize sedan a safe bet to reach 300,000 miles. The 1997-2001 Camry year models have the proven stamina to ...
Hire purchase. A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time.