Automobile Lease

Automobile Lease

A way to structure the purchase of an automobile. Rather than buying a car outright, the buyer rents the vehicle from the seller for a certain period of time, after which the buyer either returns the car or purchases it for a price agreed upon in the lease. Payments are usually lower on a lease than on a car loan, and it is easier to qualify. The buyer also bears no risk for the car's depreciation because he/she can simply return the automobile at the end of the term. The seller, on the other hand, is allowed to effectively sell the car at least twice: once new and once used. However, automobile leases generally are not considered good investments if a person wishes to use a car for a long period of time. It often also comes with more stringent terms, such as a limit on the number of miles one may drive in a year. See also: Capital Lease.
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General Motors Financial Company, a financial unit of General Motors Corporation (NYSE: GM), has signed a contract to acquire FinanciaLinx Corporation, one of the largest independent leasing companies in Canada, which offers automobile lease financing solutions to customers throughout the country.
Toronto-based FinanciaLinx offers automobile lease financing solutions.
An attorney specializing in personal injury and entertainment law compares the benefits of leasing or buying a car, explains the up-front and ongoing costs of leasing, and offers advice on shopping for an automobile lease.
5) Examples of benefits and protections provided by the SCRA include reduction of interest to six percent for debts incurred before entry on active duty, stays of civil proceedings, protection against default judgments, tolling of statutes of limitation, termination of residential and automobile lease provisions, and protection from evictions.
And by including automobile lease payments, the measure reflects the movement toward leasing in the automobile market.
The program is very similar to an automobile lease, where a dealership provides all the repairs for a vehicle owner.
The fact that the car may be purchased at this "strike price" only at the end of the lease makes the automobile lease an excellent example of a European option (Tucker, 1991).
Educated consumers mill find important information in the small print at the bottom of automobile lease advertisements (and hopefully in the lease itself).
NEW YORK -- Effective June 13, 2012 Fitch Ratings assigned the following ratings and Outlooks to World Omni Automobile Lease Securitization Trust 2012-A:
The SCRA provides similar rights to servicemembers when they wish to terminate an automobile lease.
NEW YORK -- Link to Fitch Ratings' Report: World Omni Automobile Lease Securitization Trust 2012-A (US ABS) http://www.

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