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2017-10-24
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For pdfFiller’s FAQs

Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
Dear (Name of landlord or manager), This letter constitutes my written (number of days' notice that you need to give based on your lease agreement)-day notice that I will be moving out of my apartment on (date), the end of my current lease. I am leaving because (new job, rent increase, etc.)
You may get more back at the end of the lease, but you will have spent extra money over the course of the contract to get the cash back at the end. Of course, you can save money over the course of the lease if you negotiate a low price (capitalized cost) on the car in the first place.
Sell your leased car and get a check. You can take your car to any dealer, not just the one where you arranged the lease, and let the dealer buy the car at the trade-in price. Sell your leased car to a neighbor, friend or family member. Use it as the down payment on your next car.
The value of your leased car by the end of the lease is actually laid out in your lease contract, it's called the residual value. You have to pay sales tax and DMV fees at the start of the lease and when you buy, so if you end up leasing to buy, you'll have to pay the same fees twice for the same car.
Equity in a car lease (or loan) exists when the value of a vehicle exceeds the amount remaining on its lease or loan. The amount of the difference is called equity. It's also possible to have negative equity when a vehicle's value is less than the amount remaining on its lease or loan.
In conclusion, the deposit on your lease car is non-refundable. This is because it is an initial rental, and is simply referred to as a deposit. The initial rental is there to reduce the amount you pay monthly, or to strengthen your finance proposal.
The aforementioned residual value and purchase fees are negotiable, particularly at lease end. In most cases though not all the predetermined residual value will be higher than the price you would pay to purchase a vehicle of the exact same make, model and year from a dealership.
In fact, every lease where buyout is available will specifically include the residual value of the vehicle. But you typically can't negotiate it like you can with other lease terms (although you can try). So less depreciation (or higher residual value) can mean lower monthly payments over the lease term.
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