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You are here: Home / Credits & Loans / Car Lease Calculator

Car Lease Calculator

by Kylee Sanders

A car lease allows us to drive a new vehicle without having to make a large outlay of money to buy a new vehicle. To rent a car, we just have to pay a small sum compared to the value of a new car (with the possibility of buying at the end of the lease) followed by monthly payments until the contract ends.

Car lease

However, there are some difficulties to rent a car, for example, at the end of the lease must return the vehicle if you do not have the money to buy it. You do not own. Over the years, the cost of renting several cars, probably exceed the purchase price of a new or used vehicle. Some rental terms can carry high penalties.

You may have to pay fines if they exceed the number of miles on your lease, you can not keep the interior and exterior of the car undamaged. If misconducts, it can cause significant wear and a drop in performance and appearance of the vehicle. If you want to return the car before his contract expires, you must pay high clauses.

Sense of lease

  • The rent is more beneficial compared to the purchase if:
  • They have no money to buy
  • You want to drive a vehicle that is out of your price range of purchase.
  • It shall not exceed the mileage limit in the contract.
  • He takes great care of the exterior and interior of the car, paying special attention to avoid scratches, spills and other damage.
  • Wait rent another car after the expiry of the contract.
  • Exceeding kilometers stipulated in your lease may have high costs. The landlord must inspect your car just before the end of the contract and will be charged for excessive use.

How to rent

Rent a vahículo is less complicated than buying one. But to get the best car you want, you should follow these steps: What kind of car you want? Make a list of the types of cars in its price range. You can reduce leasing costs by choosing models with high efficiency, high reliability, superior safety features and lower insurance premiums. Once you have narrowed your list of choice, take a test drive of each vehicle. Pay special attention to comfort, visibility, braking, steering, damping and internal noise.

There are many tools that help us to calculate the cost we have to face if we want to rent a car. Although it depends on many variables such as knowing what type of vehicle we drive, the model, performance, efficiency, among others, we must be clear that is what we need, rent or buy a car. For this we use the tool of car lease calculator as can be:

  • www.edmunds.com
  • www.cars.com
  • www.bankrate.com
  • www.calculator.com

 

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Filed Under: Credits & Loans, Personal Investments, Taxes Tagged With: credit, finance, personal investment, retirement plan

About Kylee Sanders

Kylee is passionate about keeping up-to-date with the latest finance news and writes a lot about personal finances.

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