|
| Lease Term - Lease Months | ||
|
|
The phrase, lease term, refers to the length of a car lease, usually expressed in months. Common lease terms are 24, 36, 39, 48, and 60 months. Other less common terms are sometimes offered by car dealers. Longer lease terms tend to produce lower monthly payments, although it may be unwise to lease for a longer term than the length of a vehicle's general new-car warranty. To do so exposes the lessee to expensive repairs during the period after the warranty expires and before the lease ends. Customers who shop only for lowest monthly payments often find that dealers increase the lease term without telling the customer, to decrease payment amount. This makes a lease seem more attractive. Customers who feel they may tire of their leased vehicle quickly should opt for a low term lease, such as 24 months. For more information, see: The Lease Guide
Comments and questions should be directed
to
. |
Return to