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Automotive glossary

Car Leasing

Leasing is paying to use a car for a fixed period without owning it.

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What is Car Leasing?

Payments depend on residual value. Mileage limits apply. The car is returned at the end. Maintenance, insurance and tyres may be included or excluded depending on the contract. At the end, the car is inspected against fair wear and tear guidelines. Early termination is often expensive, so the term and mileage should fit realistic needs.

How it works

The lessee pays for the expected value loss plus costs.

Why it matters for your car

Damage and excess mileage cost extra. Read return conditions.

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