Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a car lease?

April 26, 2017car lease

0

Posted

What is a car lease?

1 Answer

0

Posted

An auto lease is a creative financing structure that allows you to drive a car that you probably couldn’t afford to purchase. The way an auto lease works is you are basically paying the difference between the purchase price of the car, and the price of the vehicle at the end of the term. So if a vehicle is $2000 and its payoff price is $1000, all you’re paying for is the $1000 in between.