I'd never lease. For one thing you would need to use almost exactly the allowed mileage. If you use less you are leaving money on the table, use more and you get charged a lot. I could see a company doing it for executives but not an individual.
You are also always taking the huge depreciation hit constantly. There is no reason a modern car can't last 10 yrs+ or 200k+ miles and still look good and be reliable.
You are also always taking the huge depreciation hit constantly. There is no reason a modern car can't last 10 yrs+ or 200k+ miles and still look good and be reliable.
I always like leasing , i could basically get a new car every 2 years and if i stayed with the same dealer i could sometimes upgrade without changing my monthly payment .... but i got to a point when i needed to not have a monthly car payment so i bought (used lol).
...But if i was in a posistion to have a monthly payment indefinitly than i would for sure lease. ... of course they have mileage restrictions , and pinpoint you to just about specfic days for service , but that never really bothered me.
...But if i was in a posistion to have a monthly payment indefinitly than i would for sure lease. ... of course they have mileage restrictions , and pinpoint you to just about specfic days for service , but that never really bothered me.
Leasing can be fine at certain times, never rule it out.....................for value, the best option is to buy a 1-2 year old reliable car with less than 20,000 miles on it...................................for the record, Toyota passed up Honda this year in terms of best re-sale value, these two are always battling for that award year in and year out, can't go wrong with either on the majority of models they both offer, in terms of re-sale value and dependable vehicle that is.
I have no problem with mileage, I have a 2008 Car that Just hit 37,000 miles Yesterday.
We travel all over NY, rides down to Philly, etc...
When I bought the car off lease, and it only had 24,000 miles ...it was a Great deal
Nothing wrong with the car, just getting tired of it... and want New
We travel all over NY, rides down to Philly, etc...
When I bought the car off lease, and it only had 24,000 miles ...it was a Great deal
Nothing wrong with the car, just getting tired of it... and want New
We lease my wife's car and it works for us. She would want a new car every 3 or 4 years anyway so in the long run I think it works well for us, even if we pay a few extra bucks.
But we always lease with no money down, always take the lowest miles they will allow for 3 years (10,000 miles per year for us to get they payment down) and we always go flying over the allowance. We never have a problem turning the car back in with no fee's (even once turned it back in with a pretty big dent). If we are leasing again, they look the other way.
Even had a different dealership buy the car so we could lease one of theirs.
But we always lease with no money down, always take the lowest miles they will allow for 3 years (10,000 miles per year for us to get they payment down) and we always go flying over the allowance. We never have a problem turning the car back in with no fee's (even once turned it back in with a pretty big dent). If we are leasing again, they look the other way.
Even had a different dealership buy the car so we could lease one of theirs.
also, if a Dealer can't do it . Found one that will.
and Never ever.. in normal terms do NOT put down more to bring your Lease down in Price !! you are putting up money that you will Never get back. You Don't own the Car... it's Leased.
I had friends in the past throw an extra $2K or so to bring the lease price down. DON'T do it !
Agree with Betall...Never put any money down. Any and all fees are negoitiable, don't let them tell you otherwise. The first time I leased with "no money down" they had about $1,000 in fee's like acquistion and stuff I never heard of that was told "it's all standard on a lease." I said no thanks and they removed all fees.
If you put down money yes your monthly payment will be less but do the math and you are usually getting bent over. Let them pay the interest on that money not you.
The first SUV we turned back in I swear the tranny was going out from us pulling stuff with it, they didn't even check the car. I was sweating that one a little.
Defying the first time I went over miles I was a little worried as well but they don't seem to care as long as you lease again. Since every dealership pushes it you know they make a killing on them, especially those that walk in and pay exactly what they are asking. This last time they even gave me $2500 in trade in on their own car which made me scratch my head a little as I upgraded the car but wanted the payment to stay the same.
Of course if you want to give it back and walk away the over miles fee would not be fun. I would never do that
If you put down money yes your monthly payment will be less but do the math and you are usually getting bent over. Let them pay the interest on that money not you.
The first SUV we turned back in I swear the tranny was going out from us pulling stuff with it, they didn't even check the car. I was sweating that one a little.
Defying the first time I went over miles I was a little worried as well but they don't seem to care as long as you lease again. Since every dealership pushes it you know they make a killing on them, especially those that walk in and pay exactly what they are asking. This last time they even gave me $2500 in trade in on their own car which made me scratch my head a little as I upgraded the car but wanted the payment to stay the same.
Of course if you want to give it back and walk away the over miles fee would not be fun. I would never do that
Only reason I didn't lease again was because I fell in love with my car, had equity in it, so bought it from them.
Ill be buying a new car next year, and debated leasing.. was leaning towards buying because of the $$ down that's thrown away, but now with this information of no money down, ill jump all over the leasing...
Funny to see this. I am doing the comparison on my own right now. The wife wants a new car. Heres what I got so far:
-Never put money down. The biggest it COULD effect you is a couple bucks a month
-The mileage option is pretty easy to guess so shouldn't be an issue
-Is currently cheaper than buying a used car right now.
-oil changes and regularly schedule maintenance is included
-If you are going to finance a car the insurance costs you the same as leasing
-During the lease time, your payments go towards what would be the principle with 0% juice. If you love the car and decide to buy it at the end of your lease, you just finance (or for the big dogs) just pay off the "balance.
My BIGGEST concern:
-the wife isn't the best driver. Any damages must be repaired before turning it in.
Examples: small dings, scratches, burn holes, dog scratches
-Never put money down. The biggest it COULD effect you is a couple bucks a month
-The mileage option is pretty easy to guess so shouldn't be an issue
-Is currently cheaper than buying a used car right now.
-oil changes and regularly schedule maintenance is included
-If you are going to finance a car the insurance costs you the same as leasing
-During the lease time, your payments go towards what would be the principle with 0% juice. If you love the car and decide to buy it at the end of your lease, you just finance (or for the big dogs) just pay off the "balance.
My BIGGEST concern:
-the wife isn't the best driver. Any damages must be repaired before turning it in.
Examples: small dings, scratches, burn holes, dog scratches
Yes very true... I believe for every $1000 you put down, it's takes something like $5 or $10 off the Lease price.
As far as your Major concern...........
like said before. If you go back into a lease with the same Dealer/Car Brand, they look the other way.
I have turned in 3 Cars with small dings and scratches, and it was no problem.
