Ads
related to: contract for monthly payment vehicle
Search results
Results From The WOW.Com Content Network
Unlike a traditional hire purchase, where the customer repays the total debt in equal monthly instalments over the term of the agreement, a PCP is structured so that the customer pays a lower monthly amount over the contract period (usually somewhere between 24 and 48 months), leaving a final balloon payment to be made at the end of the ...
At the end of a lease agreement, you can take on a car loan to pay the remaining balance and keep the car if the contract allows for purchase. A lower monthly payment is one of the main selling ...
A person making $75,000 in gross income per year could potentially afford a $500 monthly car payment with a $6,000 down payment. That still leaves around $125 per month in their budget to cover ...
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.
“One sign that a monthly car payment will break your budget is that when you calculate the car payment, potential gas use and insurance, these things add up to more than you have left in ...
Ads
related to: contract for monthly payment vehicle