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Read the fine print on your lease, but one thing is certain: it is not the consumer's responsibility to help dealers find room to take a leased car back.
The “gap” refers to the difference between what you still owe on your lease and the car’s value. Let’s say your contract states that at the end of the lease, you can buy the car for $13,000.
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.
Vehicle remarketing is the controlled disposal of fleet and leasing vehicles that have reached the end of their fixed term. In vehicle leasing, after the lease expires, the lessee either returns the vehicle to the supplier or buys it. The vehicles that are not purchased by the driver become an unwanted asset for the fleet or leasing company ...
At least 60 days before the end of the lease, decide whether you plan to buy out the current lease on your Ford or return the vehicle and get a new truck, SUV, or electric car. If you started your ...
A novated lease is a motor vehicle lease which has been novated, that is, the obligations in the contract have been transferred from one party to another.. A lease is novated with a three way agreement (Deed of novation) between the lessee, the lessor (usually a finance company), and a third party, under which all parties agree that the third party will take on some or all of the lessee's ...
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