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Buying A Car: Leases And Loans

Hobbies : Cars And Motoring

Remember that there is a very key difference between a car lease and a car loan, and you should bear it in mind carefully.

That is simply this:

Once you have paid off a car loan then you own that car and it is yours to do what you want with.

However the opposite is true with a lease: once you have paid the money for the lease the car still does not belong to you and you own nothing.

It's a bit like the difference between renting a house and actually buying one!


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By: Fred

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