Posted by Marty on Wednesday, November 07, 2007 at 17:18:37 :
In Reply to: Re: OT: question about leasing posted by Hal North Jersey on Wednesday, November 07, 2007 at 16:45:56 :
100% agree.
Many people frown upon Leasing but it usually is better for most people for many reasons.
1-When you lease a car you almost always get the fleet price.
2-If you sell your car early, you haven't paid tax on the whole car...only the portion of your payments.
3-If the car is a dud, you just walk at the end of your lease...even if you've smashed it & it has a huge damage declaration...they have to take it back.
4-They often have cheaper financing than purchase financing. Often you can lease a car at 0% & keep your money in the bank for several years & then pay it out at the end.
In this case, it costs less to lease than to even pay cash.