With a lease, the big thing that suckers people in is the fact they can have a nicer car than they could afford to purchase. With most leases, you pay about 3/4 of the price of the vehicle, and in the end after you pay hundreds of dollars per month for x years, you get nothing.
Because they are not paying for 100% of the car, the lease payment is lower than purchasing it. However, what people seemed to overlook is that they are paying for the new car depreciation, plus giving the lease company a profit. The price they pay with the miliage restrictions makes a car lease a really bad deal. Then the lease company gets a valueable low miliage used vehicle to sell in the end. You are forced to pay for everything to fix the car all up like new for the lease company, even down to excessive tire wear, or even scratches so they can sell it for maximum profit.
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Today's Featured Article - The David Brown Rose Badge - by Samuel Kennedy. In the 13th century civil war was raging in England. Two English noblemen were involved in a conflict which became known as the War of the Roses. The Duke of York had as his emblem a white rose and the Earl of Lancaster had a red rose. Today the white rose is the official emblem of the county of Yorkshire and the red rose has been adopted by the neighboring county of Lancashire.
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