Whether you pay for the car with cash, or finance it and make monthly payments,
either way it's yours. Of course, if you're financing it, you'll have
to meet the obligations the lender requires, like a certain down payment
amount and timely monthly payments. If you don't, they have the right
to repossess it.
   You do not own the car when you lease. You're paying for the use of the
vehicle, but the finance institution that you leased it through actually
owns it. This is usually why you pay less per month in a lease than if
you were to buy the car.
 UP-FRONT COSTS
 UP-FRONT COSTS
 If you're financing
it, the bank will probably request a down payment. You can also
trade-in another vehicle and use any equity towards your down payment.
The amount of the down payment is usually based on the lender's
requirements and your credit score.
Leases often do not require any type of a down payment. All you usually
have to pay is the first month's payment, a security deposit, the
acquisition fee and other fees and taxes. But, as with a purchase, if
you want to lower your monthly payment you can always pay more upfront.
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 FUTURE VALUE
 FUTURE VALUE
 Your vehicle will be worth whatever you can sell it for in the future
and that depends on how well you maintain it. (Be smart and protect your
investment with regular scheduled maintenance by a factory-authorized facility!)
   In most leases you don't end up owning it so you don't end up selling
it. That's the financial institution's job. Although you may have
mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.
 END OF PAYMENTS
 END OF PAYMENTS
 Once you've paid off what you owe on your contract, that's it. Your
vehicle is 100% yours. The lending institution will send you a Lien
Release as proof that the vehicle is completely paid off and all yours.
  Most people return the vehicle at the end of the lease term. But some
like to purchase it during their lease or at the end. Others like to
trade it in before their lease is over. Just ask us about these
different options before signing any paperwork and we'll make sure you
have your lease set up
the way you want it.
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 BEST CARS TO LEASE
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 The best cars to lease are those with the best book value
after the term of the lease. Since they depreciate less, you pay less.
Review the lease ratings to see which cars retain their value.