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Car Leasing Glossary

Everything you need to know about car leasing terminology, explained in plain language. Use this resource to better understand lease terms and make more informed decisions.

Leasing Terms

47 terms found

A

  • Acquisition Fee

    Financial Terms

  • Adjusted Capitalized Cost

    Financial Terms

B

  • Base Capitalized Cost

    Financial Terms

C

  • Closed-End Lease

    Basic Leasing Terms

  • Capitalized Cost

    Financial Terms

  • Capitalized Cost Reduction

    Financial Terms

D

  • Depreciation

    Basic Leasing Terms

  • Disposition Fee

    End of Lease Terms

  • Dealer Markup

    Financial Terms

  • Depreciation Fee

    Financial Terms

  • Documentation Fee

    Financial Terms

  • Drive-Off Fees

    Financial Terms

E

  • Early Termination

    End of Lease Terms

  • Excess Mileage Charge

    End of Lease Terms

  • Excessive Wear and Tear

    End of Lease Terms

G

  • Gap Insurance

    Financial Terms

  • Guaranteed Auto Protection (GAP)

    Financial Terms

I

  • Incentivized Lease

    Basic Leasing Terms

L

  • Lease Inception

    Basic Leasing Terms

  • Lease Term

    Basic Leasing Terms

  • Lessee

    Basic Leasing Terms

  • Lessor

    Basic Leasing Terms

  • Lease Buyout

    End of Lease Terms

  • Lease Payoff

    End of Lease Terms

  • Lease Transfer

    End of Lease Terms

  • Lease-End Inspection

    End of Lease Terms

  • Lease Factor

    Financial Terms

M

  • Mileage Allowance

    Contract Terms

  • Manufacturer's Rebate

    Financial Terms

  • Money Factor

    Financial Terms

  • Multiple Security Deposits

    Financial Terms

  • MSRP

    Vehicle-Specific Terms

N

  • Net Capitalized Cost

    Financial Terms

O

  • Open-End Lease

    Basic Leasing Terms

  • Over Mileage

    End of Lease Terms

P

  • Pull-Ahead Program

    End of Lease Terms

  • Purchase Option

    End of Lease Terms

R

  • Rent Charge

    Financial Terms

  • Residual Value

    Financial Terms

S

  • Subvented Lease

    Basic Leasing Terms

  • Security Deposit

    Financial Terms

  • Single-Payment Lease

    Financial Terms

T

  • Tier Rating

    Financial Terms

U

  • Upside Down

    Financial Terms

W

  • Wear and Tear

    End of Lease Terms

  • Warranty

    Vehicle-Specific Terms

Z

  • Zero Down Lease

    Financial Terms

Closed-End Lease

Category: Basic Leasing Terms

The most common type of consumer lease where you return the vehicle at the end of the term with no further financial obligation, provided you've complied with mileage limits and vehicle condition requirements.

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