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2019-08-22
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There's no official guideline for what length of car lease is short term some auto industry experts consider any lease 24 months or less short term. Others define it as less than 36 months. Leasing terms at dealerships typically range from 24 to 60 months.
Keeping Car Lease Terms Short A short-term lease is one that lasts between 12 and 24 months. The most common lease terms are between 24 and 36 months. Leases are considered to be long-term when they stretch over 36 months, and can be as much as 60 months (five years).
The average car lease is three years, although some can go longer. However, drivers who lease cars for too long can end up paying extra money in maintenance. If you lease a car, make sure the lease period either matches or is shorter than the car's warranty period.
The most common lease term is for one year, but leases can be for any length of time as long as the landlord and tenant agree to the length. They can be as short as six months or as long as 30 years, which would be more common in commercial leases. No Automatic Renewal: Lease agreements do not automatically renew.
The minimum period for a short-term lease is generally 6 months with the maximum usually being 24 months.
If you mean How many pages is a lease? The answer is that it varies. Technically, it could be just a page long. Often it's 24 pages, though ones used by real estate agents can run 15 pages or more.
Given that traditional leases are generally offered for 36 months, 24-month contracts offer an alternative for shoppers looking to upgrade sooner to their next vehicle. However, although payments may look reasonable, 24-month leases can often be more expensive when it comes to monthly costs.
Most manufacturers have a 24-, 36-, 39- and 48-month lease. Mileage and time determine what the residual value is for the vehicle. Generally speaking, the 36 and 39-month lease will offer the best residual value. Some vehicles will actually lease better than others because they hold their initial value better.
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