Best Selling Cars Blog

MARCH 18, 2024

Mileage charges: Most short-term car leases come with a mileage limit. You will be charged an additional fee per mile if you exceed the mileage limit. As vehicles tend to depreciate rapidly in their early years, short-term lessees can enjoy a new car experience without worrying about the long-term resale value.

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Automotive Addicts

APRIL 24, 2024

A car lease is a contract between a leasing company or dealership (the lessor) and an individual or business (the lessee). The lessee pays a monthly fee to use the vehicle for a set period, and a standard car lease usually lasts 2 to 4 years. Taking over a car lease allows a new lessee to secure a vehicle without paying initial costs.

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Shawn Ryder

JANUARY 28, 2025

A lease buyout occurs when a lessee opts to purchase the vehicle at the end of the lease term. Lessees can either buy the car for this predetermined residual amount or walk away and return the vehicle to the dealer. Understanding this is crucial for lessees considering their options. What is a Lease Buyout?

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Car Examer

FEBRUARY 25, 2024

Key Components of Lease Purchase: Lease Duration: The lease duration is a predetermined period during which the lessee (the individual leasing the vehicle) agrees to use the car. Monthly Payments: Lessees make regular monthly payments throughout the lease period. Common lease durations range from 24 to 60 months.

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Shawn Ryder

JANUARY 22, 2025

During this time, the lessee agrees to adhere to certain conditions set by the leasing company. These conditions often include mileage limits and maintaining the vehicle in good condition.

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Shawn Ryder

FEBRUARY 14, 2024

Lessees pay a monthly fee to use the car but do not own it. Limitations: Leases come with mileage limits and may incur charges for excess wear and tear. Buying could be more advantageous if you’re looking for long-term savings and prefer the freedom to customize and not worry about mileage limits.

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Shawn Ryder

JANUARY 26, 2025

As a car lease approaches its expiration date, one of the most common questions lessees ask is, “What happens if I go beyond the expiration date to buy it out?” Excess Mileage or Wear Fees: Evaluate if youve exceeded the mileage limit or if theres any damage to the vehicle, as this may influence your decision.

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