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Page 1 of 2 Most leases contain terms that consumer may not know but should
understand and be familiar with since they determine the nature of the
contract the consumer is signing. The following are the important terms
to know.
- Amortized Amounts:
- Capitalized Cost:
- Capitalized NET Cost:
- Close-End Lease:
- Money Factor:
- Lease Rate:
Consumers sign their lease agreements with automobile dealers.
However, there are other very solid options available for both leasing
entity and consumers who would like to lease or even own a new car.
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