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What are the end-of lease considerations?

There are two end-of-lease considerations.

  • Final Costs
  • Option Rights
  • Questions you should ask yourself about final costs are:

  • What is the maximum amount I could be charged if the vehicle is worth less than the residual value specified in the lease?
  • What is the charge if I exceed the mileage allowance?
  • What is the basis for an excessive wear charge?
  • What are the default charges?
  • What is the disposition charge?
  • Questions you should ask yourself about your option rights are:

  • Does the lease contain an option to purchase the car at the end of the lease?
  • If I want to purchase the car at the end my lease, what will it cost?
  • Will I get any advantages by extending my lease?
  • What additional costs will I pay if I terminate the lease early?




  • Tuesday September 7, 2010

    ! ENERGY STAR TAX HOLIDAY

    West Virginia's Energy Star Sales Tax Holiday is September 1 - November 30, 2010. Click Here for More Information

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