What is a vehicle lease?

Answer Leasing a vehicle is a way to drive a new car every few years. It is important to understand what a lease is and to know the benefits and downsides before choosing to lease a vehicle.DefinitionA ve... Read More »

Top Q&A For: What is a vehicle lease

What is a corporate fleet lease vehicle?

A corporate fleet lease vehicle is an automobile that is leased so that its employees can operate the automobile for business use. Companies sign agreements with dealerships that specify how much a... Read More »

What is the residual percentage of a closed-end vehicle lease?

The residual percentage on a closed-end vehicle lease is the projected value of a vehicle at the conclusion of the lease term. The residual is expressed as a percentage of the MSRP. For example, a ... Read More »

How to End a Lease on a GM Vehicle?

If you currently lease through GMAC or Chase, you may qualify for a pull-ahead program to help you get out of your lease early and penalty-free. If you do not plan on purchasing or leasing a new GM... Read More »

Is it cheaper to buy or lease a vehicle?

On One Hand: It is Cheaper to BuyIt is cheaper to buy a car in the long term simply because you will eventually own the car and can then drive it for only the costs of maintenance and repairs, gas,... Read More »