Understanding Residuals and Depreciation
To better understand leasing consider the following: First, all vehicles depreciate. That is to say, that all vehicles lose value over time. As a rule of thumb, a vehicle will lose 50% of its value in...
View ArticleHow Leasing is Different From Buying
Ownership Leasing: You do not own the vehicle. You may use it but must return it at the end of the lease. Buying: You own the vehicle and may keep it at the end of the financing term. Up-front...
View ArticleYou have 3 options at the end of a lease
Most people think that if you lease a vehicle you only have one option at the end of the lease - and that is to turn the vehicle back to the Leasing Company. That is an option, but it is...The post You...
View ArticleWhat fees should I expect when I lease?
In addition to the typical sales tax, registration, and license fees, there is one fee that all Lessee's pay when they begin a lease. It is called an "acquisition fee" or sometimes referred to as a...
View ArticleConsidering a chapter 7 but I want to buy my leased vehicle, what are my...
The post Considering a chapter 7 but I want to buy my leased vehicle, what are my options? appeared first on Adam Goldfein.
View ArticleWho should lease?
There are times when you SHOULD buy and times when you SHOULD lease. Before you decide whether you should buy or lease, ask yourself three questions: 1. Is your credit good? Leasing is reserved for...
View ArticleThe Worst Lease Deals – Avoid Them!
Not all lease deals are good. If purchasing a vehicle costs the same as leasing, why would you lease? Think of it like renting or buying. After all, if you purchase you at least own the vehicle, if...
View ArticleThe Best Lease Deals – Adam’s Lease List
Looking for the Best Lease Deals? If not, you should be. Approximately 1 out of 4 new car drivers lease their vehicles. It's a smarter way to finance a vehicle if you have good credit, drive fewer...
View ArticleThe Worst Lease Deals – Avoid Them!
Not all lease deals are good. If purchasing a vehicle costs the same as leasing, why would you lease? Think of it like renting or buying. After all, if you purchase you at least own the vehicle, if...
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