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| Car Lease Refinance | ||
The term, car lease refinance, typically refers to the concept of ending one lease and beginning another for the same vehicle. It is not possible to simply change the finance terms of a lease without ending it and beginning another lease. Although a lease refinance at a lower interest rate (Money Factor) or a longer term might seem to be an answer to getting lower payments, the cost of ending any lease before its normal end date can be very expensive. This means that the cost of refinancing might exceed any savings than you might hope to achieve. Therefore, if you are considering refinancing your car lease, be sure to compare the costs and savings before you make your decision. Converting loans to leases is another way of automobile refinancing that often significantly lowers monthly payments. Dealers can't do this, but lease brokers such as Primelease can. They help find banks and major finance companies who provide used-car leases. For more information, see: The Lease Guide
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