car lease
Temporary auto agreement
A car lease is an arrangement where you pay to use a vehicle for a set period—typically two to four years—without owning it.
Monthly payments cover depreciation rather than the full purchase price, making them lower than loan payments.
At the end, you return the car or sometimes buy it.
Leases typically limit mileage and require the vehicle be returned in good condition: She went over mileage on her car lease and owed extra fees.
- monthlyOccurring each lunar cycle
- paymentFulfilling a financial obligation
- dealershipLicensed retail seller
- mileageDistance traveled by vehicle
- contractEnforceable written agreement
residual · term · depreciation · financing · vehicle · agreement · fine print · warranty · down payment · trade-in · early termination · miles · buyout · Honda · Toyota · negotiation · credit · credit score
- contractsbinding contracts, contract length, clause, contract terms, work contract
- leasingtenant, rent, landlord rights, landlord, rental
- borrowed thingsborrowed clothes, borrowed money, library book, loaner phone, loaner
car leasevehicle ownership
Holding title to transportation
car buying · car ownership · auto loan · car financing · vehicle title
car leasecar rental
Short-term automobile lease
short-term rental · ride-sharing · car sharing · Zipcar · Uber
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