You only pay for the portion of the vehicle that you will use, instead of paying full price for the vehicle. An example of a single pay lease of a single pay lease would be:
Cash Purchase price: $44,350
24 month single pay lease: $24,000
That leaves you, the customer, with $20,250 in the bank for you to do whatever you want with whether investing or putting it away in a college fund.
At the end of the lease you have a couple options that you can choose from
*purchasing the vehicle for the purchase option price at the end of the lease.
*Turn in the vehicle at the end of your lease with the opportunity to lease your next vehicle.
**Single pay lease example does not include tax, title, license, documentary, transport and handling fee's. Price will vary per dealership and by state. See dealer for more details.