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What Is Car Leasing
Under a car lease agreement the buyer of the car uses the car while the finance company retains its ownership during the lease term. The buyer pays a monthly lease payment and has the option to buy the car outright, trade it in for a different make or model, or extend the lease agreement at the end of the term.
Lease terms reangefrom 12 months to 60 months. These terms can be extended depending on your needs and personal situation.