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Friday, 14 August 2015

Cars & Transportation: Buying & Selling: “Question: Anyone explain how leasing a car works?” plus 5 more

Cars & Transportation: Buying & Selling: “Question: Anyone explain how leasing a car works?” plus 5 more


Question: Anyone explain how leasing a car works?

Posted: 14 Aug 2015 08:48 PM PDT

Basically the bank buys the car (so the car dealer and manufacturer get paid)

The bank then "rents" the car to you. You pay all sorts of fees and interest, so they make a profit too. Then you have to give the car back, which is then sold and the bank gets the rest of their money back.

Everyone makes a profit, except you. You end up with nothing at the end, not even a used car.

Question: How can I afford a used car?

Posted: 14 Aug 2015 08:34 PM PDT

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