What is an establishment fee?

Nick Bendel

Nick Bendel

( 1 min read )

Some lenders will charge you an establishment fee, or one-off upfront fee, to cover the cost of setting up your car loan.

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An asset lease, also known as a finance lease or car lease, is an arrangement by which a finance company buys a car on your behalf. You get to borrow the car in return for making regular payments to the financier. At the end of the lease, you can either buy the car or hand it back.

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