Posted by KEH on October 30, 2015 at 16:23:34 from (67.231.175.190):
In Reply to: Re: truck leases posted by sotxbill on October 29, 2015 at 17:13:21:
If you lease a vehicle you are buying one for someone else. I was looking for a nice, late model used sedan for wife. Looked at a nice 3 year old car a man had leased for his teenaged daughter. She obviously had taken care of the car and it was clean as a pin. He had another month to go on the lease contract. He and I thought I could buy the car from the bank that leased it. I called the bank. They wanted top book price for the car. The man not only had another month to go on the lease, his contract called for him to pay and additional month's payment at the end of the period( I guess just for additional profit for the bank) Then the bank said they couldn't sell me the car directly because they did not have a local state dealer's license. The man would have to pay off all that, then buy the car, then sell it to me. Oh, BTW, the man's wife had co signed the lease, had to sign off on the deal, and they were going through a divorce. I decided they were still making cars and I didn't need that car. Also I decided not to do business with that bank, ever.
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