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Household Auto Loans | Car, Auto,
Used Cars: Up-Front, Ongoing and End-of-Lease Costs
This section {$} refers only to closed-end
leases. In an open-end lease, your rights and obligations are different.
End-of-term options. At the end of a Car, Auto lease, you do not
own the vehicle. The specific provisions of your lease agreement govern your
options at lease-end.
Your options may include the following:
Returning the Household Auto Loans vehicle and paying any amounts owed. Arranging {$}
for the repair of any damage and returning the vehicle . Extending the
Car, Auto lease, if allowed by the lessor. Leasing the vehicle for a new
term (re-leasing), if allowed by the Household Auto Loans lessor. Purchasing the
vehicle.
Household Auto Loans | Car, Auto,
Used Cars: Negotiating Terms and Comparing Lease Offers
You would then pay only for the Car, Auto
expected amount of depreciation of the equipment during the lease, not for the
full cost of the equipment. However, lessors often have different policies for
determining what is Household Auto Loans value-adding equipment.
Adding an extra feature may increase your personal enjoyment of the
Car, Auto vehicle, but it may not appreciably increase the vehicle's resale
value at lease-end. Ask the lessor about its policy on any equipment you want to
add.
Also, in some cases, lessors will not let you
add something if removing it may damage the Household Auto Loans vehicle or reduce its
value. For example, you may not be able to add a trailer hitch, a Car, Auto
luggage rack, or a mount for a car phone unless you are willing to leave it on
the vehicle. Be prepared to negotiate the Household Auto Loans price for any of these
features and accessories.
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Irwin Kellner: Drano it's not (Market Watch) posted on September 08, 2008 10:55:14 pm The government?s bailout of Fannie Mae and Freddie Mac will not unclog the housing pipeline, even if interest rates should fall.