Tresl Blog

A man talking to a dealer about his car lease buyout
Lease Purchase
Jimmy Lipham

What Is A Car Lease Buyout?

A car lease buyout is different than buying a typical new or used car. Not only do you have knowledge of your leased car’s history but you have a few financial considerations that are unique to car lease buyouts.

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A man entering his new car after learning how car loan interest works.
General Auto Finance Education
Jimmy Lipham

How Does Car Loan Interest Work?

Most car loans use simple interest, a type of interest of which the interest charge is calculated only on the principal. Simple interest does not compound on interest, which generally saves a borrower money.

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