Lease contracts do not contemplate an interest rate. Periodical lease payments are determined based on equipment value, depreciation, expected life and location among other factors.
You can return the car to LIMA, extend your Lease agreement for 6 to 36 months or buy it at a discounted price
Usually 2 lease payments: one as a guarantee and the other as the first installment, plus closing fee of 2% of the car value.
On a lease contract, LIMA is the legal owner, and the user (lessee) is entitled to its exclusive use during the entire time of the lease agreement and is responsible for the good keeping and proper maintenance. The car can be purchased at the end-of-lease transferring legal property at that moment to the lessee.
SUVs, light trucks, motorcycles, buses and forklifts