Thread: SmartBuy
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Old 04-12-2006, 01:26 PM
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Quote:
Originally posted by BuzzH3:
My understanding of the SmartBuy is that it is just a balloon loan. You make payments for a certain time period then you have a balloon payment due at the end. Not sure how it really differs from the lease, but I thought that there was no mileage limitations on the SmartBuy.

I never really understood the difference from a lease either. I also think you end up with higher payments with a SmartBuy versus a lease but could be wrong about that.
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