Keys to Understanding Car Leases

[McFurd]

USA Today - 7/23/2017 - o decide whether or not to lease your next new car, it's important to understand the financial components. Lease contracts can look very complicated, thanks to their use of bizarre terminology and a host of fees that you may or may not have to pay. It's easy to get confused and pay too much if you don't understand how the various moving parts fit together. Though you have possession of the car during a lease, it actually belongs to a financial institution, which might be a bank, an automaker's finance arm, or another type of finance company. Once you negotiate a price with the car dealer, the leasing company then buys it from the dealer for that agreed-upon price and leases it to you. Read more @ https://www.yahoo.com/news/keys-underst ... 44865.html