More Information about Leasing the Vehicle for a New
Term
Some lessors will re-lease the same vehicle to you at the end of your
lease. If the lessor will not do so, a dealership or leasing company may
locate another lessor to purchase your vehicle and re-lease it to you.
If you decide to re-lease the vehicle, you will receive the same federal
disclosures required for all new leases. Often, the value of the vehicle
in the new lease will be the residual value under the previous lease plus
any acquisition or initial fees due at the start of your new lease. The
monthly payment calculation should be based on the terms you have negotiated
for the new lease. |
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