Posted by M Nut on January 12, 2015 at 17:26:41 from (50.124.219.194):
In Reply to: To Lease or To Buy posted by spudm on January 12, 2015 at 16:10:40:
Well, I'm certainly in the minority, but we just leased our first vehicle last May. We specified our mileage ahead of time and it is written in our agreement. I already know what my buy out price is at the end of the lease if I so choose. My buy out price is $19,500 on a vehicle that will be two years old with 40,000 or less miles on it. I'll know the history of the vehicle from day one. A comparable two year old vehicle with 40,000 miles was $28,000+ when we were looking to buy one. We leased it from a local dealer who many of our friends have dealt with. I called several of them before making the deal, and all highly recommended the transaction. Maybe when it's over I'll say never again, but as of now I'm satisfied. Yes I have a monthly payment of $300, but I pay nothing else. Vehicle is under complete warranty, I don't pay for any maintenance, I don't even pay for car washes. It is all part of my lease and customer benefit package. I don't know if it really makes any difference or not, but we leased this vehicle on May 31st about a half hour before closing time. The sales manager really wanted the deal for his monthly quota. I guess time will tell if I'd do this again or not.........:)
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