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FINANCING OPTIONS TUTORIAL

When you lease a vehicle, you have the right to use it for an agreed upon number of months and miles. At lease end you may:


  • Return the vehicle, pay any end of lease fees and charges, and walk away
  • Buy and keep the vehicle if you have a purchase option - a typical provision in lease agreements


What if You End the Lease Early?



You will probably be responsible for any early termination charges if you end the lease early. The key to successful (and economical) leasing is knowing what you want, how far you drive each year, and then committing to the agreement that makes sense for you.



 
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