auto lease
Vehicle financing arrangement
An auto lease is a contract allowing someone to use a vehicle for a fixed period in exchange for monthly payments, without taking ownership.
At the end of the lease term, the vehicle is typically returned to the dealer, though many leases include an option to purchase.
Leasing often requires lower upfront costs than buying but builds no equity: We're debating whether to buy or get an auto lease.
- carWheeled motor vehicle
- monthlyOccurring each lunar cycle
- paymentFulfilling a financial obligation
- dealershipLicensed retail seller
- mileageDistance traveled by vehicle
low mileage · contract · vehicle · finance · monthly payment · term · residual · depreciation · keys · turn in · showroom · test drive · negotiate · drive · new · agreement · fine print · signing
- car salescar dealership, car dealerships, dealerships, dealer, car sales
- leasingtenant, rent, landlord rights, landlord, rental
- rental costsrent, monthly rent, apartment rent, security deposit, late fee
auto leasecar ownership
Legally having a vehicle
full ownership · vehicle ownership · cash payment · auto loan · car loan
auto, lease, autos, automatic, automatically, automation, automate, automated, automobile