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Title: Leasing or Buying a Car/Home

Essay Details

Subject: Business
Author: Connie H
Date: November 13, 2016
Level: University
Grade: A
Length: 21 / 6230
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

And because of these incentives you can often buy a more expensive, more luxurious car for the same payment of financing a lower priced car. Leasing in a nutshell. When leasing you are paying for the use of the car rather than paying for the car itself. In other words, your lease payment covers the depreciation of the cars over the length of the lease...

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In other words, your lease payment covers the depreciation of the cars over the length of the lease. Usually you can lease a car with zero down but the more you put down the lower your monthly payments will be. You as the lessee, are responsible for maintaining the car during the term of your lease and at the end of your lease you have the option to turn it in and walk away from it or choose to purchase it for the residual value of the car...

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