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What is the Average Cost of Leasing a Car? Average Car Leasing Price

About 27% of people use leasing rather than a car loan for a new vehicle due in part to the average length of a lease dropping to 41 months compared to the 64 months of an average car loan. Although leasing tends to cost more over time than a car loan it usually means a lower upfront cash outlay and lower monthly payments. For example, a $35,000 car with a $2,000 down payment at 6% is a monthly payment of $776 for a car loan and $516 a month with a lease, assuming a 40% residual at the conclusion of the lease.

by Margaret Walker on Fri, 12/31/2010 - 13:41

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