Short Term Auto Lease . ShortTerm Car Lease Everything you need to know (2024 Guide) According to Experian, new cars depreciate 20 percent in the first year There are also drawbacks to short-term leases, including: Higher Payments
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Typically six to 24 months in length, a short-term car lease works like any other lease: You make monthly payments to drive the vehicle for a predetermined period of time with restrictions on how many miles you can put on the vehicle You do not build equity in the car during that time, and you return the vehicle at lease-end unless you purchase it .
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