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You may be wondering what the difference is between leasing and buying a new vehicle, and what steps you might have to take to lease. To break the process down, leasing a car is similar in many ways to buying one. After researching and comparing models online, you might visit the dealership and test drive the models you like to see which one is really best for you. You then select the options and add-ons you want for your car, truck, or SUV, and discuss financing.
However, you might also notice a few differences between buying and leasing a car, most of which happen at the close of the lease term.
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When your lease is up, you need to determine whether to buy your car outright, or trade it in and take out a new lease. This choice is yours to make, but many people enjoy trading their car in for a new one every three years. If you love your car and decide to buy it at the close of your lease, you will need to contact us to receive a payoff quote and instructions for purchasing your vehicle.
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Although estimates for inspections Also Toyota's gain, while impressive, was compared with a bad month last year when a string of embarrassing safety recalls had reached its peak. Still, the gains for February were so strong that Ford's top sales analyst told reporters the sales rate, when adjusted for seasonal differences and projected out for a full year, may be the highest since the government's Cash for Clunkers rebates juiced sales in the summer of It stuck with the deals in February, leading to sales of more than , cars and trucks.
Automakers have attempted to wean themselves of incentives, trying to sell cars and trucks based on how much they improved quality, not how much they shaved off the sticker price.
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Incentives on average had been falling since the industry ran into financial trouble in It offered to buy drivers out of leases and to give cash to loyal GM customers for trade-ins. Yet Johnson vowed that GM would not return to its old ways of offering huge incentives just to move cars and trucks to keep factories running.
Johnson said GM won't stick to large incentives because it no longer has to unload a big inventory due to over-production in its factories like it did before entering bankruptcy protection in So we're not out there to drive sales to match production," he said. Johnson said GM has noticed customers looking at small cars more often since gas prices have gone up, but he said consumers have not yet changed their buying habits.
They will this time around," he said of the spike in U. Ford sales were led by the redesigned Explorer sport utility vehicle, a car-based vehicle that gets better gas mileage than its truck-based predecessor.