Mention auto-leasing and most people will automatically assume a low-
monthly payment. There is actually more than what meets the eye, and a
number of fees are involved at various stages of the lease process.
At the beginning of the lease, you have to pay a refundable security
deposit, typically equivalent to one monthly payment, to safeguard against
non-payment and any incidental damage done to the car at the end of the
lease. You are also required to pay an administrative charge, called
acquisition fee. Other fees include licenses, registration, title and any
state or local taxes.
During your lease, and you expected to honour your monthly payment
obligations. Any failure to do so will result in late-payment charges.
You have to pay any traffic tickets, emission and safety inspections and
ongoing maintenance costs. Ending your lease early will result in
substantial early termination charges.
At the end of the lease, expect to pay any excess mileage costs, charged
at 10 to 20 p a mile. Any incidental damage done to the car, and deemed to
be above normal, will result in excess tear-and-wear charges. Finally, if
you choose not to purchase the vehicle, then you have to pay a disposition
fee.
Latest news and information
 Los Angeles Times | Employee allegations of excessive 401(k) fees gain ground Los Angeles Times "It's a big development," said Fred Reish, a partner at Reish & Reicher in Los Angeles who is not involved in the case. "It will encourage plaintiffs' ... |
 The Economist (blog) | Credit Card Law Seen As A Problem Solver and Problem Maker Business News ... said there has now emerged late payment rate increase, use of penalty interest rates, and sharp increase in cash advance fees. The study involved 12 of ... Why Free Checking is on Life Support Before you buy, compare credit cards to save money! |
Connecting Africa Forbes Until recently, demand for broadband in Africa appeared too small to justify the heavy costs in mobile network infrastructure and license fees, ... |
 TopNews United Kingdom (blog) | GE To Pay $23.5M To Settle SEC Oil-For-Food Charges Wall Street Journal (GE) has agreed to pay $23.5 million to settle charges levied by the US Securities and Exchange Commission, which alleged the conglomerate was involved in a ... GE Settles Iraq Kickback Case for $23 Million GE to Pay $23.4M to Settle SEC Kickback Charges |
Claim seeks to recoup vehicle impound fees from Baldwin Park San Gabriel Valley Tribune The 2005 case involved an unlicensed driver whose husband was giving her lessons. "Mr. Miranda, at all relevant times, had a valid registration for the ... |
Council Subcommittee Considers New Cultural Arts Fee Program Malibu Surfside News The original included all facets involved with implementing a public arts program such as types of projects that must contribute fees, how the total fee ... |
Village sticks to suing town for sewer fees Goshen Chronicle This lawsuit is going to cause embarrassment and pain to all involved. I still hope the Town and Village can still work this out and spare the Goshen area a ... |
 New York Times | Technologies Help Adult Children Monitor Aging Parents New York Times He said his GrandCare system cost $8000 to install — about as much as two months at the local assisted-living facility, Mr. Murdock said — plus monthly ... |
Editorial: Fire department fees -- an abdication of government Los Angeles Times Some charge anyone involved in a crash; many levy a fee only on nonresidents who have the bad luck to be in an accident in such inhospitable locales. ... |
 Earthtimes (press release) | Alliance HealthCare Services Reports Results for the Second Quarter and Six ... MarketWatch (press release) ... loss on extinguishment of debt; fees and expenses related to acquisitions and other non-cash charges included in other (income) expense, net, ... GeoMet Announces Financial and Operating Results for the Quarter Ended June 30 ... |
Google News