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| Buying |
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Payment is made for the entire cost of the vehicle. |
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Price is negotiable. |
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Involves down payments, sales tax and interest rates (sales tax can be included in the loan or paid in cash). |
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First payment is made, a month after you sign the contract. |
| Lease |
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Payment for only a part of the vehicle's cost. |
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Price is negotiable. |
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Down payment is optional. |
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Sales tax is included in the monthly installments and interest rates are charged on the loan. |
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A safety deposit and extra fees may be included. |
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First payment is made, just after you sign the contract. |
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