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quick question about leasing.

Discussion in 'Members' Lounge' started by Seany-izzle, Oct 9, 2005.

  1. Seany-izzle

    Seany-izzle New Member

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    In a fucking house.
    Now now, calm down, dont rant about how leasing sucks. Heres the question:

    At the end of your 3 year lease, and you dont want to lease another car from their dealership or take the buy option, do you still have to pay a "fee" or any money to the dealer from which you leased it from? Like is it.... simply me giving them the car back, signing some papers and leaving, not taking any money out of my wallet (so to speak)? Also, if (for sake of arguement) i returned my Evo8 after my 2 year lease was up, and i wanted the evo9 (lets say its out) do i have to pay anything to close the lease even though im gettting another car from them?

    ALso, what happens with your downpayment. For instance, if i were to lease a 38k vehicle and put 8k down, so id be leasing a 30k car, but am i basicly throwing away 8k just to get a lower mo payment, or will i already spend that 8k in the end but allocated over the 36 mos??

    This was part of a discussion between me and a friend. we didnt really know the answer to this, and i post it here in hopes someone whos leased or almost leased could answer. :mrgreen:
     
  2. Celerity

    Celerity Well-Known Member

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    No, there are fees introduced. You have a little fee because you aren't giving them payoff on it. Even if you followed all of the rules, you have a fee.

    Leasing is a chumps bet.
     
  3. totalburnout

    totalburnout Well-Known Member VIP

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    They'll find some fee to rape you on when you return the car. Most have to pay fees when they turn they car in, because frankly the average joe in America doesn't treat his car very well.

    If you put $8,000 down you just lowered your monthly payment and thrown that money away, unless you plan to buy the car out. Its not avocated by any car buyer specialist or lease pro to put a large down payment on a lease car.

    When you want the next car, you have to start all over again. Down payment down on that car and the whole bit, unless you work a deal with the lease company that will wave the down payment in order to get you to re-sign the lease.

    Leasing to buy really isn't a good option, I've looked at this for a WRX. In the end even if I got the car for $3,000 under sticker I would still be upside down nearly $8000-10000 on a 4 year loan.
     
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