At lease-end, you simply bring it back, turn in the keys, and deal with the fees if any. Then you might walk away, buy a car (maybe the one you leased), or lease another.
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When that day comes, you might find yourself paying $300 disposal fee, $1500 for extra miles, and another $400 to fix little odds and ends. $2200 is a lot to spend after paying for a few years when you are walking away without the car.
These are a few things that can bring about those extra charges, and a few ways to avoid them.
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When auto-leasing, people often get told so much information that is worded just for them, that they wind up paying out through the nose, after having depended on the dealers “help”, doing so without ever looking over all the options.
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It is lease end time, you’re about to make your final payment, you like the vehicle, and are thinking you would like to keep it.
In a lease, you have the option of buying it; however you will want to be sure you really are getting a good deal in the process.
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When you lease a car, there are special insurance concerns at the leasing company. These concerns stem from both liability and investment reasons. When you lease, they actually own the vehicle, and may be as responsible for any damage as you would be if it is involved in an accident. This is a suing lawyers dream. As far as the investment, they want to be sure they get paid even if the vehicle is totaled or stolen.
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