What is Auto Leasing?
Auto leasing is a term that you may have heard before.
If you have never leased a car before, you may not fully understand what leasing is. Auto leasing is sort of like a cross between renting and buying a car. When you lease a car, you pay to use the car and must abide by the terms set forth in the lease agreement. These terms typically dictate how many miles you can drive the car. When the lease duration is up, you have the option of buying the car for a predetermined price. If you do not wish to buy the car, you simply turn it into the dealership where it was leased. Leasing is often cheaper than buying, but you do not gain equity in the car with lease payments. If you want to learn more about auto leasing in West Bloomfield Township, Michigan and if it is right for you, visit Redzone Auto Leasing today.