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Guide to the Common Dealership Terms When Buying A Car

Car Examer

Deposit Contribution A deposit contribution is essentially a discount offered by the dealership or manufacturer when you finance through their specific program. For example, if there’s a £1,000 deposit contribution, that amount goes toward your down payment, reducing what you need to put down yourself.

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Navigating Zero Down Car Leases

Your Car Buying Advocate

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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2022 BMW X3: Finance or lease?

Shawn Ryder

No Mileage Limits : Unlike leasing, financing does not impose mileage restrictions. Advantages of Leasing a BMW X3 Lower Monthly Payments : Generally, lease payments are lower than finance payments for the same vehicle, allowing you to budget more easily. The current average leasing rates stand around 2.5%

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Is this VW Atlas Cross Sport lease deal decent?

Shawn Ryder

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. An initial down payment, often around $3,000, which can be negotiated down or rolled into the monthly payments.

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