What are you actually paying for when you lease a car?
In a lease, your payment goes toward the use of the vehicle plus the finance charge. You never pay off any principal. The overall cost of financing during a lease is always higher than a traditional car loan (assuming the same interest rate) because you’re never paying off any principal.
How do car dealerships make money on leases?
Dealers will make the profit from the price the customer agrees on at the beginning and end of the lease. Dealers will also profit from the money factor and any add-ons they sell to the customers. When dealers lease their vehicles, the customers pay the amount of depreciation over the period of the lease.
Where can I find cars for lease in Massachusetts?
Swapalease.com, the world’s largest online lease trading marketplace, has cars for lease in Massachusetts. If you’re looking for car lease deals in Massachusetts, you’ll find the very best in our database of lessees hoping to trade out of their leases – and let you trade in!
Why lease a car with Boston car lease?
Through our convenient online tools and massive selection of new and used cars in Boston, we provide Massachusetts drivers with an unparalleled auto leasing experience. When you lease a car with Boston Car Lease, you are getting access to a team that handles every facet of the experience.
Can I buy a car with a loan in Massachusetts?
If you are buying your car with a loan, you should shop around at various financial institutions for the best rates and terms. You are not obligated to use the dealership’s own financing to buy your vehicle. Please keep in mind that in Massachusetts the interest rate on an automobile purchase can be no higher than 21%.
Is a cash down payment on a motor vehicle lease subject to tax?
A cash down payment on a motor vehicle lease made by a retail customer to a dealer in Massachusetts is part of the sales price subject to tax. The dealer is responsible for collecting and remitting sales tax on this payment with Form ST‑9 or ST‑7R. Issue 1(b):