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The length of a car lease agreement depends on your lender and the length you choose. You might be able to get out of your lease early, but most lenders will charge you an early termination fee.
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.
The lease term is the length of time you agree to lease the car. If you have a shorter lease term, you may end up paying more each month but less in the long term.
The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
When you're in the market for a car, it can be tough deciding whether to buy or lease. When you lease, you're essentially borrowing a vehicle for a set period of time -- sometimes with a limited
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. The lessee pays a fixed monthly payment for the privilege of driving the ...
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