Some people who are interested in leasing cars often ask whether or not a leased car can be modified. These people may be interested in such modifications as adding spoilers, tinting windows, or even changing the rims. The short answer is that yes, you can modify a leased vehicle, but a couple important things must …
When shopping for a new car to lease, many people tend to visit car dealerships without much prior preparation or knowledge about car leasing and what it entails. Most people will probably have a fair idea of the make and model vehicle they are interested in leasing, but knowing this piece of information by itself …
The residual value of your car is determined at the time of the signing of your lease agreement. The dealer uses this residual value to calculate your monthly car lease payment. Therefore, the residual value of a car that you are interested in leasing or that you have already leased becomes identifiable as soon as …
Yes, car leases do appear on your credit report! They typically appear on your credit report as “installment loans” or “installment accounts.” An installment loan refers to a type of loan that requires you to pay a certain amount of money in a fixed amount of time. A car lease is listed under the installment …
The car lease rent charge is one of the several components of a monthly car lease payment. There are three different components that make up a monthly auto lease payment which include the rent charge, the depreciation charge, and sales tax. The rent charge, also known as the finance fee or leasing fee, is 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 …
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 »
