To put it simply, the residual value is the projected or estimated value of a car at the end of a lease term. The residual value at the end of a lease term is obviously significantly lower than a car’s original MSRP or sticker price. In fact, the longer your lease term, the lower the …
There are generally two types of automobile leases available including the open end lease and the closed end lease. In this article, we will discuss the open end lease. The open end lease is a type of car lease that is primarily used for business customers and allows for a bit more flexibility at the …
In this video, learn the secret formulas that dealers use in order to calculate car lease payments from start to finish. By learning the formulas that dealers use, you will fully understand what a lease payment consists of, which allows you to better negotiate a good deal on any future car leases.
If you are trying to get out of your car lease, you are most likely trying to do so before the maturity date of your lease contract. That is, you are trying to find out how you can get out of your car lease before it ends. Lessees are often interested in getting out of …
There are two different types of car leases. One is called the closed end lease and the other is called the open end lease. A closed end lease is more common for most car leasing customers like you. Your car lease agreement or lease contract should specifically mention whether you have a closed end lease …
You often hear people talk about the tax benefits that are available to individuals who lease vehicles. Many people claim tax deductions or tax write-offs on their federal income taxes by leasing cars. Generally speaking, if you leased a car that is completely or even partly used for business purposes, you can significantly reduce your …
To understand how your down payment affects your monthly car lease payment, you first need to familiarize yourself with the different components that make up your down payment. Many people falsely assume that the total sum of money that they pay during the signing of the lease is used towards reducing the monthly car lease …
How Does the Down Payment Change the Monthly Car Lease Payment?Read More »
While leasing a car can be a great way to drive a brand new car for several years, it may not necessarily be the best option for everyone. What follows are 5 reasons why you should avoid leasing a vehicle. 1. You should NOT lease a car if you have bad credit. If your credit …
5 Reasons Why You Probably Should NOT Lease a Car!Read More »
When visiting a dealership for the purpose of leasing a new vehicle, you rarely hear the term “lease factor” being used by salesmen or managers. The lease factor or money factor can be defined most simply as a small decimal number that is similar to an interest rate. This small number is used to calculate …
How to Convert the Lease Money Factor into an APR Interest RateRead More »
Having bad credit means you are viewed as a high risk by the finance company who decides whether you qualify for a lease deal. If you have bad or poor credit, you are obviously in a less than ideal situation. However, keep in mind that not everyone has great credit and just because your credit …
