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| Lease Quote | ||
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The term lease quote typically refers to the process in which a prospective car leasing customer solicits, or is offered, a specific lease deal on a specific vehicle by a car dealer, lease broker, or leasing company. The lease quote is usually presented in the form of a monthly payment, which may or may not include sales tax. The quote may also include a statement of the term (length of lease), and any down payment requirement. Although not required, a car lease quote may also specify residual value and money factor which, from a customer's perspective, allows for better comparison of quotes from different sources. For more information, see: The Lease Guide
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