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There are other more affordable options for buying a car, though, including certified pre-owned vehicles (CPO) and used cars. For new cars purchased with a loan, the price tag for your monthly ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
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.
Regardless of whether a car is secured directly from a dealer, or an older person takes over a car lease for the remainder of the term, lessees have the option to buy the car at the end of the ...
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.
Lessors will use that value to set your monthly lease payments. The best cars to lease, according to Edmunds, are those that retain at least 50% of their original value after 36 months. Using that ...
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