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American Family Insurance | Car, Auto,
Used Cars: Negotiating Terms and Comparing Lease Offers
Warranty
Compare the number of months and the mileage allowance in the lease with the
vehicle's warranty period. If you are considering a lease term or a mileage
allowance greater than offered by the Car, Auto warranty, be sure you
understand what expenses you will be responsible for once the vehicle is no
longer under the American Family Insurance warranty.
Purchase option and purchase-option price
Many leases offer an option to purchase the leased vehicle at the end of the
lease. Your circumstances may change over the term of the lease, and having a
purchase option will increase your Car, Auto flexibility at lease-end.
When comparing leases, look to see if each offers a purchase option, what the
American Family Insurance purchase price will be, and if there is a fee to exercise the
purchase option. If the vehicle turns out to have a higher market value than the
residual value at the Car, Auto end of the lease, having a purchase option
may enable you to take advantage of the difference (that is, the American Family Insurance
equity). See the section Vehicle Return in "Leasing vs. Buying."
American Family Insurance | Car, Auto,
Used Cars: Leasing vs. Buying
Any preference you have {$} for owning a
vehicle ;Any preference you have for changing vehicles frequently . The
importance to you of driving a vehicle that maintains its value Car, Auto
well over time More info The importance to you American Family Insurance of protection from
unexpected depreciation of the vehicle (see the section Future Value);
The importance to you of specific features of a {$} particular lease or finance
plan, such as gap coverage your financial limitations, when you are considering
a particular Car, Auto vehicle Your attitude toward disposing of your
American Family Insurance vehicle, for example, negotiating the trade-in or sale of the {$}
vehicle if you finance, or having an inspection for excessive wear and tear if
you lease.
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