What is a lease? A lease is a contract granting use of occupation of property during a specified period in exchange for a specified rent. Leasing is nothing more than a method of paying for the use of a car, truck, SUV, or van over a specified period of time.
When you lease, you negotiate a purchase price with the dealer just as you would if you were buying. Once you and the dealer agree on a price, and you've signed the lease contract, the dealer actually sells the car to the leasing company at that price. The leasing company then leases the car to you, based on that price. For this reason, price becomes the most important factor in what you'll pay in monthly payments. The car dealer simply acts as an agent for the leasing company s
|
This is only the first few lines of this paper. If you would like to view the entire paper you need to register here.
|
Get Instant Access to 100,000 Essays!!
|
|