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Whats the main difference between a car lease and a car loan?

April 26, 2017car lease car loan main

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Whats the main difference between a car lease and a car loan?

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If you buy a car and decide to finance the purchase with a loan, you are financing the entire cost of the vehicle. But when you lease a car, you are only financing the portion of the vehicles value that is used up during the term of your lease its depreciation — plus a leasing fee.