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7 Steps to Getting a Great Auto Lease DealChoose cars that hold their value. When you lease a vehicle you are paying for its depreciation, plus interest, tax and some fees.Check leasing specials.Price the car.Get quotes from dealers.Spot your best deal.Ask for lease payments.Close the deal.
A car's residual value is the value of the car at the end of the lease term. The residual value is also the amount you can buy a car at the end of the lease. A residual percentage will be provided when signing the car lease agreement to help you calculate your car's value at lease end.
The lessor in a lease agreement is the person or legal entity who grants a lease to an individual or family, often a lease on a property. The lessor is the owner of the asset in the lease agreement.
A lessor is the party who rents property to another party. If we think of a lessee as a tenant or renter, the lessor is the landlord or owner.
In a lease agreement, the lessee is defined as the party that pays for the use of the asset or property. The lessor is the party that receives payments from the lessee in exchange for the usage of its asset or property.