Duner440 Posted January 30, 2007 Report Posted January 30, 2007 Unfortunately for me, I drive 100mi/day round trip and unless they make a super deal for a max mileage of 30,000 per year, I can't lease. I'm with you on that one! 150 miles per day round trip. Quote
Bansh-eman Posted January 30, 2007 Author Report Posted January 30, 2007 the thiing is on the damage any major damage your insureance covers it... and any mechanical shit is covered by your warranty... so only thing is if your carless and fuk up the seats or what ever... but you can buy the paint and fab protection and that helps too.. my concern is like when buying you can get gap coverage how does it work if its totalled while you are leasing and the insureace says its worth less then what you owe?they have any coverage for that? Quote
Washburn Posted January 30, 2007 Report Posted January 30, 2007 the thiing is on the damage any major damage your insureance covers it... and any mechanical shit is covered by your warranty... so only thing is if your carless and fuk up the seats or what ever... but you can buy the paint and fab protection and that helps too.. my concern is like when buying you can get gap coverage how does it work if its totalled while you are leasing and the insureace says its worth less then what you owe?they have any coverage for that? Anything you can you can think of there is insurance for. Each lease is diffrent too. There is no cut and dry lease. Each bank does it diffrently each dealers do it diffrently. For instance My father leased a car on a 4 year lease and he had the option to buy after the lease was up. He looked at the blue book and made them an offer they made a counter offer that was good for a used car but Instead of 4 payments new it was 8 after the lease. My dads boss leased a car and dident have the option to buy. They did find the law uncostitutional that if your leased car were to get stolen and totaled that you have to pay what the total of the car new would be worth vs what the insurance company gives you. All the questions you have are good questions and this is a good thread so if I were you I would make a list based on this thread and go over every aspect of it with the dealer and the bank your leasing from. I but used cars get a friend of the family to give them a full inspection and tune up and keep them. I will continue to do so untill I decide find a good lease so I will own a used car and Lease new cars every 2-4 years untill I retire then I will probably opt to buy. Quote
Bansh-eman Posted January 30, 2007 Author Report Posted January 30, 2007 my wife found a good website... www.leaseguide.com its got some really good info on there but i like to hear personal experiances too rather then juts reading a website full if info... Quote
differentstrokes Posted January 31, 2007 Report Posted January 31, 2007 I was upside down in my wife's last car (an 03 pontiac grand prix gt) so we traded it on an 06 gmc yukon back in 05 and leased it. We offset the difference in payments from the negative equity by leasing. The payment was over $100 less a month and we never keep a car more than 3 years. She doesn't drive alot (vehicle currently has 12,700 miles and we've had it for a year and a half). The only downsides are that the insurance companies require a little more coverage than usual and sometimes you don't have the full warranty. The dealership also said most people don't know that you can get out after 36 months on a 48 month lease if you want to. But on the bright side, the sticker price was $36,000 and I only pay $590 a month. Hope that helps. Quote
Blue Duece Posted January 31, 2007 Report Posted January 31, 2007 i lease all my cars...... 100% total right off for starters you buy you amortize over the life of the loan.......take a car thats 40 grand your lease payment is based on half the price so 400 a month......... buy it and your payments 800 a month if at the end of the lease you want the sled, roll it over and keep paying 400 a month......no matter what you do you drive a car off a lot and its worth 2/3rds of what you just paid for it, so if you buy when you pay it off its worthless any way unless you do a 36 month buy then your payments a grand + instead of 8 hun............anyone hear wanna pay 8 hun a month to drive a decent ride? and after you pay it off it breaks and cost ya 8 grand to repair, lease it and its allways under warrenty if it breaks take it to the dealer and get a new one...... you can drive a 90 thousand dollar car for 900 a month and give uncle sam that much less cash at the end of the year Quote
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