When you are comparing car financing rates to car leasing rates, it is important to note that monthly interest charges are always more on a lease than on a loan, but not enough to offset the lower principal repayment. Interest will be charged on the declining balance of the lease or loan, in both situation however, because the balance on a lease declines more slowly than the balance on a loan, the interest payments are higher.
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What You Need to Know About Car Leasing Rates
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