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One of the most complicated financial decisions for recent college grads is whether to buy or lease a new car. In this video tutorial, the terms related to vehicle leasing are explained and compared to vehicle purchasing. Key differences in leasing include additional charges at lease signing, monthly payments over a set period (e.g. 42 months in this example), and the first payment being due upon delivery of the car. Understanding these terms is crucial for making informed decisions about leasing versus buying.