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March 18, 2013

Buying, Selling, or Leasing a Vehicle

Auto Leasing

May I escape my lease early?

You have signed a binding contract that obligates you to make payments for a stated term. However, your contract may contain an early termination clause. This usually requires a minimum number of monthly payments before you may cancel, and may require you to pay a penalty.

>>How does leasing differ from renting?
>>Are there different kinds of leases?
>>What will a lease cost me?
>>May I renew or extend my lease at the end of the term?
>>May I escape my lease early?
>>What is a purchase option?

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