posted                             

quote:

---

Originally posted by castor:
I'm thinking about leasing a car this weekend. Anyone know the "in's and out's" and things I should be watching out for? I've the formula's to run the numbers to verify Cap costs, reductions, RV, money factor, etc. This is 0 money down.
Any help would be appreciated.

Thanks in advance!

---

posted                             

quote:

---

Originally posted by 1FAST89GT:
DO NOT lease a vehicle, do not

---

posted                             

quote:

---

Originally posted by jordan_0806:

quote:

---

Originally posted by castor:
I'm thinking about leasing a car this weekend. Anyone know the "in's and out's" and things I should be watching out for? I've the formula's to run the numbers to verify Cap costs, reductions, RV, money factor, etc. This is 0 money down.
Any help would be appreciated.

Thanks in advance!

---

I've leased a couple of cars in the past

IN's:

- You don't really lose any money on the deal because you don't lose depreciation value
- you pay way less than normal payments
- you don't have to keep the car for that long
- you can pick up a really nice car under a good lease

OUT's:

- you have to drive certain mileage per year or you get hit when you turn the car in
- you have to keep the cart like new inside and out for the full period..they NAIL you if there is one scratch or ding on it...even rock chips...
- insurance is going to be more expensive
- it's not your car...

I've leased 2 Cadillacs in the past and they were absolutely great. I learned my lesson on the first one...the 2nd one I returned like it rolled off the show room floor.

I would lease another car in the future but I haven't seen any leases that I like...

---

posted                             

quote:

---

Originally posted by venomous99:
lease the car if you're gonna use it as a business write-off and do not plan on keeping the car for long. if you plan on buying the car after the lease contract is up you'll be spending a shit load of money for the car in the end.

ask yourself what you want out of the car and what your plans are for it. is this a commuter/biz car or your weekend cruiser that you plan on modifying? dont get lured in just by the low money payment as it might sound attractive now but when u breakdown numbers ur paying a lot more than if you bought the car.

you might want to check out one of the popular lease sites like leasetrader.com to try to assume someone else's fuck-up. there are a bunch of cars listed on there by the owners looking to get out of their lease contracts. look for cars with a lot of miles left on the contract and those with low residual values(this is the amount that you end up buying the car for at the end of the lease contract if you decide you want the car) in some instances, the amount it cost to lease the car for the remaining terms + the residual end up being less than blue book. do a lot of research before getting into a lease.

i bought my first car when i was 16, not knowing jack about lease contracts or buying cars and needless to say, they jacked me on a really bad 5year lease, which in the end would make that mustang i bought a 30k v6 mustang. u live and u learn.

---

posted                             

quote:

---

Originally posted by venomous99:
try leasetrader. its not bad and u cut out the dealership bullshit. u deal directly with the person trying to get out of the lease.

---

Thanks, but I'm actually working on a better deal directly with the dealer. I've been doing all my research on http://www.leaseguide.com/



--------------------
SOLD!!! 7/07
Supercharged 92GT
352rwhp [old blower w/3 1/2lbs]
???rwhp w/S-Trim

2010 Acura MDX Tech/Entertainment
2013 Acura TL SH-AWD