Read time: 8 minutes
Leasing a car comes with its own set of financial considerations, one of which is equity.
In short, car lease equity is the difference between the vehicle's current market value and the remaining lease balance.
Understanding how equity works can help you make informed decisions about your leased vehicle, so we’ll go over, in detail, what exactly equity is and how it’s calculated.
On our blog, we've mentioned some outrageous fees dealerships can charge customers when entering or ending a car lease. The truth is, most of the time these unnecessary fees won’t be obvious. They may even seem like a good idea after a quick glance and sly explanation from your salesperson. Unfortunately, it sometimes takes a trained eye to notice these upcharges.
We’ve all been there – not sure where to start and feeling overwhelmed. (Car leasing can do that to you.)
“Buying or leasing or acquiring a car isn't difficult, but the dealerships have made it a long, drawn-out, anxious process. It doesn’t need to be that way. Consumers can educate themselves online to find exactly what they want. And once they know what they want, the actual purchase should be as easy as walking into a store and buying something right off the shelf.” – Brandon Williams, Lease End CEO
We were lucky enough to be named a finalist in the 2022 Silicon Slopes Hall of Fame & Awards Services category this year. These awards, “[l]aunched in 1999 by the then Utah Technology Council…identify and applaud the breakthrough leaders and companies who have contributed to the ongoing and growing success of Utah and Silicon Slopes.” With our roots in Idaho and Utah, we’re happy to have been recognized among some other local greats.
Read time: 4 minutes
We really hope you’re reading this out of pure curiosity. But if What if I crash my leased car? isn't a hypothetical question for you, hang in there — we’ve got you covered.
Read time: 6 minutes
Whether it was from your favorite financial advice column, the news, or that one uncle that talks about the stock market too much, you’ve probably heard that buying a car is better than leasing. You may believe it, too, and we don’t blame you. For years, buying has been labeled as "the better option."
Lease End was named winner of the 2022 Better Business Bureau Spark Award! This award recognizes leaders who demonstrate a high level of character, generates a culture that is authentic about its mission, and genuinely connects with their community.
Read time: 3 minutes
When it comes to leasing a car, the word "equity" might not be the first thing that comes to mind. However, understanding the equity you can build in a leased car can be a game-changer, especially when it comes time to decide whether to buy out your lease.
If you’re currently leasing a car, you may have heard that it’s a really good time to be ending that lease. Maybe someone’s told you that it’s a good option to buy out and keep your leased car – or even sell it. We’ve talked about how to do that on our own site. But why is it a good time to do so?
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