Single-Payment Lease

Single-Payment Lease

A prepaid lease is a new type of lease which has made its foray into the 

market in recent times. In this lease, consumers forego the cycle of lease

payments if they make a large payment at the beginning of the lease.

There are two amounts in a conventional lease that incur charges and 

determine your monthly lease payments. First, there is a depreciation 

charge which accounts for the value the car loses during the lease term. 

Second is a residual amount which is the projected value of the vehicle at

the end of the lease. The sum of these two charges gives the monthly 

payments on your lease.The idea behind a pre-paid lease is to eliminate the 

finance charges for depreciation and only account for residual value 

charges in a single, pre-paid payment at the beginning of the lease. 

Single-payment leases are devised with spendthrifts in mind: no cycle of 

monthly payments, a new car every two to three years and no interest in 

purchasing the vehicle at the end of the lease. You should only consider 

this type of lease if you are concerned about not being able to make monthly 

payments and have a lot of cash upfront.

Single-Payment Lease

بقلم محمد عمايرة

محمد عمايرة 14 سنه ، مدون أردني مهووس بالتقنيه والتكنولوجيا الحديثه ويهتم بكل ما هو جديد في عالم التقنية والانترنت

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