Choosing an Auto Lease Program

Contributed by Greg Bailey

How long is the lease term?
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Can the lease be extended?
What is the "money factor" on this vehicle?
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The "money factor" is also known as a lease factor or lease fee. It refers to the interest rate you are being charged and is similar to the annual percentage rate if you were buying a car.
Can you explain the concept of GAP insurance to me and give me an idea of how much it will cost?
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A GAP Insurance policy covers the difference between the amount owed to the finance company and the insurance payout received in the event of a vehicle being written off as a total loss.
What is my trade-in worth and how will it be applied to the lease cost?
What is the amount due when I sign the lease?
Do I get any money back at the end of the lease?