Life Events

June 25, 2018

What is an option for a lease-purchase?

At the end of your lease term, you may have the option to purchase the car. This is more commonly found in open-end rather than closed-end […]
June 25, 2018

Are there final costs and if so, what are they?

The final costs include: Charges for excess mileage Typically, closed-end leases have mileage limitations. It is necessary to pay a fee if you go over the […]
June 25, 2018

What type of lease is a “maintenance lease”?

The dealer bears the maintenance expenses in a maintenance lease. The opposite is true in a non-maintenance lease. If the dealer provides repair and maintenance, you […]
June 25, 2018

What must the dealer disclose about ongoing lease items?

Dealers must disclose the total number of payments, total amount of those payments, a schedule of payments, and the amount of each payment in accordance with […]