Question:
I've seen lots of TV commercial that says $299 a month 2000 due at signing. What does that mean? I can just pay $299 a month during the leasing term? and pay $2000 at the end of the contract? Can I lease a car without credit? I have no credit history. Can I lease a car? Somebody help me please.
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Answers:
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This means that when you sign the lease you pay $2000 and then every month after that you pay $299 until the lease is up. 36mths?? 48mths?? ...whatever it is. Then, when the lease is up (the 36 mths) you will need to finance the rest of the balance or pay it in a lump sum. Usually you can figure on half of the price of the car will be owed when the lease is up. So for example: If the car is $10,000 you will make 36 monthly payments and it will pay the car down to about $5000. At the end of the 36 months you will either pay the $5000 or finance the $5000 for another 36 months. Also, you must stay under a certain # of miles each year, usually 12,000 or 15,000 something like that.Sexiest car a woman can drive?
some places will lease you a car when you have no credit history, however they will check your employment history and your income amount to confirm you can actually pay for the car.what they mean by $2000 due at time of signing is a 2000$ down payment.
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