What You Need to Know About Car Leasing Rates
When you are comparing car financing rates to car leasing rates, it is important to note that monthly interest charges are always more on a lease than on a loan, but not enough to offset the lower principal repayment. Interest will be charged on the declining balance of the lease or loan, in both situation however, because the balance on a lease declines more slowly than the balance on a loan, the interest payments are higher.
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