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Car leasing requires no hefty down payments simply because customers are only paying a portion of [link widoczny dla zalogowanych] the vehicle s value. To be specific customers pay the car's depreciation cost. The depreciation cost is not a fixed cost because it is calculated by subtracting the car's value after the lease from [link widoczny dla zalogowanych] its brand new cost.
Auto leasing provides short term lease options. Hence, this appears more economical than planning to finance [link widoczny dla zalogowanych] a brand new car for five years. Customers who are planning to use leased cars for business or for work may also save more money in terms of tax write off. This is because the total cost of lease is tax deductible.
Indeed, [link widoczny dla zalogowanych] auto leasing seems a good choice for various people. But before agreeing to the disclosures, it is important to [link widoczny dla zalogowanych] consider all out-of-pocket expenses, particularly the front-end, during and end of lease expenditures.
Front-end expenditures include the payment for the [link widoczny dla zalogowanych] first month s lease and the agreed price of [link widoczny dla zalogowanych] the car, a refundable security deposit, and other costs such as taxes, licensing, and registration. The monthly payment for car renting covers the depreciation cost and the lease charge.
At the end of the lease, customers are liable for tear and wear. Customers are usually charged excessively for this that they should be careful not to obtain even a minor [link widoczny dla zalogowanych] scratch on the car. Customers should also expect to pay mileage at the end of the lease.
Lessees also pay for the annual mileage. Most leasing companies offer the first 12-15,000 miles for free. Those who exceed the said limit are charged with 10-20 cents per mile.
Lessees also will have to pay for maintenance, traffic tickets and insurance. To get satisfied with this option, lessees have to request for a detailed definition of the charges [link widoczny dla zalogowanych] and learn how to negotiate to get a fair deal.
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