The Consumers Guide to Auto Leasing
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Car Leasing Glossary - Lease Payments

Lease Payments (car leasing term)

The number of payments in the lease agreement. Generally, the number of payments and the number of months in the lease term are the same. However, there are some leases in which the numbers may be different, such as a single-payment lease that would disclose "1" as the number of payments and may disclose "24 months" as the lease term.

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