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| Home > Auto Leasing Buying Guide > Selecting a Car Lease > Auto Lease Terms Defined |
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September 2, 2010
Auto Lease Terms Defined
View our select resources to learn the lanquage associated with car leasing, including: capitalized cost reduction, depreciation, down payment, early termination fee, excess mileage and more. |
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| Auto Lease Glossary |
An up-to-date, easy-to-read look at an auto lease glossary. Familiarize yourself with the auto leasing terms for a full understanding of what is being negotiated. As an example, learn that a money factor is the interest rate you are paying on your car. See that it is expressed as a fraction of a percentage point. It is easy to convert a money factor to an interst rate by multiplying by 2,400.
See also that drive off fees equal how much cash you will pay to drive the vehicle off the dealer's lot and the party who is leasing the car to you is called a lessor. Visit the resource for more leasing terms. |
| Source: LA Times |
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