What is car leasing? Can I own the car I am paying for lease rent in future? - car lease simulation
I want to buy a car in the United States in installments. It is my intention to go through leasing. I do not know exactly what is it? Is there a point to explain the complexity of the lease? I am still the owner of the car that I paid for the lease? If so, how?
Friday, January 29, 2010
Car Lease Simulation What Is Car Leasing? Can I Own The Car I Am Paying For Lease Rent In Future?
6 comments:
Leasing can be good for good people.
Essentially a rental agreement that you never "own" car. They make payments for 2-3 years and then return the car. Think a bit like a long-term lease.
There are some advantages to the lease under the right circumstances.
First, if trade cars every 2-3 years may be right for you. In a lease, you have a contract for a specified period. I do not recommend the last 3 years lease - 2 is better. In a "loan" after 2 years, an attempt is likely to trade from the inside out, and I owe more than the car is worth. So get out, you have to finance a lot of money, or to the negative into the next car.
The contract will tell you that your payments are $ x per month plus taxes. At the end of the term, have a residual value of the car. The leasing company said in essence: "In three years, we believe that the car is worth $ Y" you can buy the car at the end of the lease for that amount. If you're in love with the car or punishment, and ABOsee waste, you can consider, dass in most cases, simply to give him the keys and go.
In a lease, there is a certain amount of miles. Most leases are built around 12K or 15K miles per year. If you exceed the mileage, it is a penalty per mile at the end of the lease. So, if you drive a lot, it may not be for you.
Leasing generally allows for a person to pay a nicer car, the same as for a low-end car to get a loan. The remainder is due. They are only "financing" the difference between the sale price and residual materials. In a loan, you finance the entire purchase price.
In other words, if a car has a retail price of $ 25,000. the hiring of three years, say the waste up to $ 15,000 limit. They are only "financing", $ 10,000 for 3 years. If you buy the same car, then $ 25,000 from a longer period must be funded, or pay much higher than 36 months.
Finally, in a lease that less tax paid. In a conventional purchase in $ 25k car, pay their taxes on the entire 25,000. In aASE, you pay sales tax on the monthly payment. In other words, a payment of $ 300 per month actually $ 300 + VAT. But you only pay taxes on the amount of leased - in the example above, you only pay taxes on the sale of $ 10,000.
For those who say "never lease" - read this advice by 30 minutes. To the horror of leasing "story" you read, you'll see 20 people who head to the acquisition of 6 years and no end. The key is to be fully informed about the pros and cons of both and to be informed decision based on your needs and your lifestyle.
Times leasing is good: you trade cars every few years, you do not drive more than 12-15K per year, ie, less
Sometimes it's bad: Like cars that long, you drive a lot, wants to put a lot of money.
I hope that helped some
Check the vehicle's residual value at lease, the price to be paid after the end of the lease term, if you buy the car.
This way of thinking, financing and leasing are the same, but in the financing of the total value of the car is divided into several tranches, but leasing is not a value (residual value), calculated and pay the rest in monthly installments. If you want the car owners can pay at maturity.
A lease is essentially what the word means. I mean, a sum from the dealer and monthly installments for a specified period (36 months provided). After the 36 (say) months have increased, we have at the dealership. Then you have the option to buy the car, get a new model (with a new payment), or simply on foot.
Leasing is for those who want all the attention good 2 years or less.
If you are looking for them, come with funding. Same concept, but you always.
Leasing is a possibility, a car that is not normally able to afford to buy your own. How it works. You buy the car, but only pay for part of the car. In order for your payments to a lower level reduced. At the end of the lease, you still have a lot of money (remember that the payments are based only on a portion of the vehicle) is not the whole car. Thus, at the end of the lease that the owner of the car.
You have two options at this point, turn off the car and pay certain costs and final termination of the lease or to buy the car value "rest". How much is the car that you do not pay at first. If you decide to buy the car, means that a new loan and extension payments, and finally the owner of the vehicle.
It sounds complicated, but it and most people will rent cars to stop, think clearly, when they hear low monthly lease payment and not to think about how much money you are at the end of the contract to provide and how it is difficult, these to exit the contract if you have connected.
Leasingis a terrible way to buy a car. But it is a good way to get a car that would not normally be able to afford their own drive.
Car leasing is also known as lease. I personally believe that leasing is the best way to buy a car. Rates and fees are much cheaper than a loan. Yes, you are secured with full compensation, but most people do anyway in luxury cars. I have only one third, if I had a stack of 500 pounds.
By making a contract, a deposit, so you can be as small as a monthly payment and then pay the monthly payments from 24 to 48 months. At maturity, you can leave the car and have a new or oprion to buy the car.
Hope this helps.
rent a car rent a car for 36 months or the duration and the end of the lease period, you will make a lump sum of at least half the new cars ... The best way to buy a car on their way to dealers and let them run your credit card and buy what you want, and the monthly payments
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