| To lease a car, you have two options: either lease | | | | licenses, registration, title and any state or local taxes. |
| through a dealer's finance source or through an | | | | During your lease, you are expected to honor your |
| independent car lease company. Whatever you | | | | monthly payment obligations. Any failure to do so will |
| select, you should know that there are fees involved. | | | | result in late-payment charges. |
| Mention auto-leasing and the majority of people will | | | | You have to pay any traffic tickets, emission and |
| automatically assume a low-monthly payment. There | | | | safety inspections and ongoing maintenance costs. |
| is actually more than what meets the eye, and a | | | | Ending your lease early will result in substantial early |
| number of fees are involved at various stages of the | | | | termination charges. |
| lease process. | | | | At the end of the lease, expect to pay any excess |
| At the beginning of the lease, you have to pay a | | | | mileage costs, charged at 10 to 20 p a mile. Any |
| refundable security deposit, typically equivalent to | | | | incidental damage done to the car, and deemed to |
| one monthly payment, to safeguard against | | | | be above normal, will result in excess tear-and-wear |
| non-payment and any incidental damage done to the | | | | charges. |
| car at the end of the lease. | | | | Finally, if you choose not to purchase the vehicle, |
| You are also required to pay an administrative | | | | then you have to pay a disposition fee. |
| charge, called acquisition fee. Other fees include | | | | |