Leasing a Car? Don't Forget These 5 HIDDEN Costs

Leasing a car can be the perfect choice for many people.

Monthly payments are often less than those for purchasing a vehicle, drivers can get a brand-new car every couple of years, and concluding the lease can be as simple as turning in the keys.

There are five essential costs to consider in addition to upfront costs! This helps estimate the true cost of leasing.

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SO NOW...

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Residual Value

Money Factor

Mileage Fees

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Leasing a Car? Don't Forget These 5 HIDDEN Costs

Leasing a car can be the perfect choice for many people.

Monthly payments are often less than those for purchasing a vehicle, drivers can get a brand-new car every couple of years, and concluding the lease can be as simple as turning in the keys.

There are five essential costs to consider in addition to upfront costs! This helps estimate the true cost of leasing.

SO NOW...

WHAT ARE THE 5 COSTS?

Residual Value

Residual value plays a role in determining the size of monthly payments. The higher the residual value, the lower the monthly costs.

Money Factor

SWIPE UP to read what is the money factor and how it impacts your monthly payments.

Mileage Fees

Three-year leases typically offer options of 10,000, 12,000, or 15,000 miles annually. Exceeding the number of miles selected will trigger mileage fees.

SWIPE UP To READ THE FULL ARTICLE AND GET THE BEST DEAL ON YOUR NEXT LEASE!

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