cons30S Vehicles - Leasing

Leasing a vehicle means paying a set monthly amount for a predetermined lease term, usually in months. At the end of the lease you have the option to purchase the vehicle by paying its residual value, which is the predicted value of the vehicle at the end of the lease. Key terms of a lease include the lease term, monthly lease payment, and required security deposit paid upfront. For example, a 36-month lease of a $42,900 Escalade requires a $4,200 down payment, $750 security deposit, and $382 monthly payments plus taxes. The residual value after 3 years would be 75% of the original price plus taxes.