Come Lease End You Will Have to Make a Decision

Leases are essentially rental agreements in which assets are loaned for an agreed-upon length of time. At the end of such an agreement, assets leased are returned to the original owner. As part of being able to use such assets – in our case, a vehicle – lessees, or the people renting the vehicle, pay a monthly fee called a money factor that keeps lessors profitable while doing the favor of loaning expensive vehicles.

When your lease ends – as all of them will, sooner or later – you can purchase the vehicle that was recently leased by yourself. It’s often given a discount to encourage you to buy. If you buy it, you can sell it to another private party, or keep it to drive for a few years – or however long you wish.

You’ll also be able to return the vehicle, or lease it again. You also have to option of leasing another vehicle. Need help? Allow us at Dyer Mazda to walk you through the process.

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