here is the thing about leasing that alot of people don't know, and actually there is a reason why you need good credit to lease, because it can save you alot of money and is more of a privilege. you will have lower payments, and there is the residual value of the vehicle at the end of the term we'll use an easy example of 10000. ok, at the end of the term you can pay the 10k and keep it if you want, and most of the time, Not always, but most of the time what you pay on your lease payments plus the residual at the end comes up to be less than the overall purchase price. a 72 month purchase vs. a 60 month lease, you'll have much lower payments on the lease plus save 12 more payments, add that together and it usually covers the residual. i sold a truck to a guy, and he ended up leasing it because at the end he was saving 3k on a 50k truck. that being said, as per the mileage thing, if trading in a vehicle you also get hit on mileage over what it should be and that gets taken off of the value of the vehicle, and usually at a higher rate per mile than a lease. ask managers at dealerships, and 9/10 of them lease, because it's usually the smarter way to go, the general public just has the notion that you pay and pay and at the end you're left with nothing. btw, i plan on leasing my next several vehicles.
Sam
