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Used Cars Site:au | Car, Auto,
Used Cars: Up-Front, Ongoing and End-of-Lease Costs
Up-Front Costs:Common {$} up-front
costs:
Here is a list of the most common up-front costs associated with a vehicle
lease.
Capitalized cost reduction. A capitalized cost reduction is the
Car, Auto sum of any cash down payment, trade-in allowance, and rebate. It
is subtracted from the gross capitalized Used Cars Site:au cost, leaving the
adjusted capitalized cost.
First monthly payment. In multiple-payment leases, Car, Auto
payments are made at the beginning of each monthly period. For this reason, the
first monthly payment is Used Cars Site:au typically due at lease signing.
Some Car, Auto leases require that the last monthly payment or several of
the final monthly Used Cars Site:au payments be paid at lease signing. In a special
type of lease called a single-payment lease, you Car, Auto pay a single
large payment at lease signing instead of making payments over the term of the
Used Cars Site:au lease.
Used Cars Site:au | Car, Auto,
Used Cars: Up-Front, Ongoing and End-of-Lease Costs
In some {$} lease arrangements, the lessor
will provide and (or) pay for some maintenance services, such as Car, Auto
the cost of manufacturer-recommended servicing or oil changes. However, this {$}
arrangement is more common for business leases than for consumer leases.
(Business Used Cars Site:au leases are not covered by Regulation M.)
The manufacturers' new-car warranties usually Car, Auto cover vehicles
regardless of whether they are leased or purchased. The Used Cars Site:au lease
agreement on a used vehicle typically {$} includes the manufacturer's new-car
warranty if it is still in force.
If the lease agreement does not include the {$} manufacturer's warranty or
another expressed warranty, the vehicle is usually leased "as is" and the
lessor will state that there are no warranties, Car, Auto expressed or
implied, as to the vehicle's merchantability, Used Cars Site:au condition,
suitability, or fitness for a particular purpose.
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