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  • 14-05-2020
  • Business
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What are you paying for when you lease a car?

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sm120204 sm120204
  • 14-05-2020

Answer:

A car lease lets you drive a new vehicle without paying a large sum of cash or taking out a loan. To lease a car, you simply make a small down payment — less than the typical 20% of a car's value you'd pay to buy– followed by monthly payments for the term of the lease. When the term expires, you return the car.

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