Car Examer

NOVEMBER 2, 2024

Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. When you’re buying a car, especially for the first time, the terminology used at UK car dealerships can feel overwhelming. A fixed rate gives you consistency, while a variable rate may save you money if rates go down.

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Balloon Payment Term Mileage Limit Gap Insurance 59

Shawn Ryder

JANUARY 25, 2025

Leasing deals can vary greatly based on dealership promotions, regional incentives, and individual credit profiles. Typically, a well-structured lease deal for the VW Atlas Cross Sport may include terms such as: Monthly payments in the range of $350 to $500, depending on the trim and options selected.

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Your Car Buying Advocate

DECEMBER 5, 2023

When you start leasing a vehicle, you must make a down payment. However, this down payment is significantly lower compared to buying a car outright. Lease terms may vary, encompassing mileage limit, specific vehicle models, geographical locations, employment history, and credit scores.

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Mileage Limit Down Payment Capitalized Cost Capitalized Cost Reduction 52

Shawn Ryder

JANUARY 26, 2025

Mileage Limits: Lease agreements typically have mileage limits (e.g., Exceeding these limits can result in significant penalties. If you often exceed mileage limits or require modifications, consider purchasing instead. 10,000 to 15,000 miles per year). Understanding your usage needs is pivotal.

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Lease Payment Mileage Limit Down Payment Modification 52

Shawn Ryder

JANUARY 24, 2025

Leasing, on the other hand, allows you to drive a car for a set termtypically two to four yearsafter which you return it to the dealership. No Mileage Limits : Unlike leasing, financing does not impose mileage restrictions. Mileage Options : Common options are 10,000 to 15,000 miles per year.

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Shawn Ryder

JANUARY 21, 2025

Mileage Limit: Leases typically include a mileage limit (commonly 12,000 to 15,000 miles per year). Exceeding this limit may result in significant penalties. Initial Payment: Many leases require an upfront payment, which could be akin to a down payment but usually termed as a “capitalized cost reduction.”

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Mileage Limit Capitalized Cost Reduction Lease Payment Capitalized Cost 52

Shawn Ryder

JANUARY 20, 2025

No Additional Costs : Buying the car means avoiding additional charges for excessive wear and tear or exceeding mileage limits often associated with lease returns. Disadvantages of Lease Buyout Higher Upfront Costs : A lease buyout may require a substantial down payment, which can be a financial barrier for some.

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