Money & the Law: Leasing Makes a Comeback

Summary

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At the height of the Great Recession (or perhaps we should say the bottom), leasing pretty much disappeared as a vehicle-financing option. That's because leasing companies took hits when end-of- lease values (residual values) fell below what had been predicted at the time the leases were entered into.

Since leasing companies must take vehicles back at the end of a lease as a kind of final payment, lower-than-expected residual values result in losses.

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Extract

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Money & the Law: Leasing Makes a Comeback

But leasing has made a comeback in recent months, and it's, therefore, again important to understand how vehicle lease transactions work. There's more to th...

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