What is the difference between lease and finance ? Lease is like renting car from company, right?

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2001 Acura Red CL Type S.
1997 Honda Civic EX.
!!!! VTEC Power !!!!
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typescl@yahoo.com

 

Lease, is like renting an appartment. So, You agree to pay so and so, and you can use the car for usually 3 years (or 4 or 5 yrs).
Also, you are limited to certain amount of miles per year. If you exceed that milage, you pay for the miles driven. After the end of the lease, you return the car to the dealer/leaser.

Finance is like buying a house. After you finsih paying the car in 3 yrs (or 4,or 5) The car is yours. No limit on miles driven.

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Black, Eboney, 3.2 CL Type-S.
- Acura NAV.
- 3M clear bra (full front bumper, and side mirros)
- Wheels locks.
- Mooonroof visor
- Splash guards,
- Winter mats,
- Trunk liner,
- Acura Spoiler.
- Valentine V1 Radar Locator.
- PIAA 19169 road lamps.

[This message has been edited by Nashua_Night_Hawk (edited 02-24-2001).]

 

Heh, we'll sort of. Perhaps you should read about it here: http://www.autobytel.com/content/fin...tion=ABCsLease

or here: http://carpoint.msn.com/finance_insu...=Home&pos=Buy4

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* 2001 Acura CL Type S * Blk/Blk * Navigator * Spoiler * Moonroof Visor * V1 *
* Since 3/31/2000 *
* Road Warrior *

* 500 posts on h/a.net *** 400 posts "insane poster" on the "old" acura-cl.com *

 

thanks so much

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2001 Acura Red CL Type S.
1997 Honda Civic EX.
!!!! VTEC Power !!!!
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typescl@yahoo.com

 

with leasing you finance a prevously decieded amount of depration over a predetermined amount of time ie you pay 30 000, and lease for 3 years 36000 miles the car is determined to be worth 20grand at the end you finance the 10grand diffrence

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2001 acura cl type-s
comming soon
2000 accord v6 sedan
1997 4runner
1992 camaro
1993 volvo 850
"Tell me kid, have you ever danced with the devil in the pale moon light"

 

Thank you Ken! Very good information everyone should read these links.

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2001 CL-P Emerald/Parchment

 

Yes they are very informative.