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Posted: 11/19/10
03:07 AM
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First the lessee needs to negotiate the purchase price of the car with the dealer.Once the price is decided upon, the dealer sells the car to the leasing company at this price. Hence the dealer basically mediates the contract between the lessee and the leasing company. This service provided by the dealer to the leasing company earns him commission.After the lease contract is signed the lessee is supposed to make monthly payments, keep appropriate insurance, pay vehicle taxes and licensing fee, and maintain the vehicle avoiding any damage.
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Car Lease
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Posted: 11/19/10
03:11 AM
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At the end of the leasing contract the buyer is supposed to return the car to the leasing company allowing for normal wear and tear. Any other damage other than this has to be paid for. The lessee also has to pay for any mileage that exceeds the committed level in the contract. The respective individual can also opt for buying the car at a specific price level. But due to the equity value that is attached to the vehicle it is recommended not to give back this value to the leasing company.
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Car Lease
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Posted: 03/20/12
08:41 PM
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I also need the info. I have taken forclosure value from my leasing comapny, they are charging VAT of 12.5%. Is this right?
Towing Sydney
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Billy625
New User
| Posts: 5
| Joined: 03/12
Posted: 03/28/12
10:22 PM
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I think leasing a car is losing time and money,
you pay for something that it is never going to be yours.
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