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Q: What is the primary factor that may cause the residual value of a leased car to be less than expected?
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What is the primary factor that may cause the residual value of a leased vehicle to be less than expected?

excessively high mileage


Can a leased car be used as collateral?

Not really. There is no residual value assigned to the leasee, so there is nothing to foreclose on. At the end of the lease you have nothing.


Can a cosigner who is on the title of a leased car be sued for not paying any payments on the car when the primary leasee is paying off the loan?

First of all it would not be possible to be on the title of a leased vehicle, as the leasor retains ownership rights. A cosigner is only responsible for the debt if the primary borrower defaults on the lending agreement.


You are interested in buying your leased 4 runner before the term is up 1109 Is that wise What should you expect to pay?

it is wise if you want the vehicle and you will pay the residual value that is stated on your lease agreement


How does the primary borrowers credit get affected if the co-signer pays the entire the loan on a leased car?

It should have a good effect if its on time.


What is the homophone for leased?

leased


What is the homophone for least?

The homophone for "least" is "leased."


Is the pldt a leased line or not?

get the best internet leased line connection: telecomssupermarket.in/services/business/leased-line


What is broadcasting in Leased line?

get the best internet leased line connection: telecomssupermarket.in/services/business/leased-line


If you are the primary driver of a leased vehicle in your parent's name who lives at a separate address can you insure the vehicle under your own policy at your address instead of theirs?

yes


What is a homophone for the word leased?

The homophone for "leased" is "least".


Calculate the residual value of a 15000 car after it has been leased for two years if it depreciates 10 percent the first year and 20 percent the second year?

1st year: 15,000 - 0.1 x 15,000 = 15,000 - 1,500 = 13,500 2nd year: 13,500 - 0.2 x 13,500 = 13,500 - 2,700 = 10,800 Thus, the residue value of the car after it has been leased for two years is 10,800.