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Originally Posted by automaton 3
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the link doesnt work, but if leasing was such a bad thing for the customer, GM and Chrysler wouldnt be getting out. They must be gettin out because its costing them their shirts!
Quote:
Originally Posted by automaton 3
When it is time for a buyout, you buy it out if it has been a good vehicle and the buyout is roughly equivalent or less than the current market value.
If the buyout exceeds the current market value, give it back and thank your lucky stars you leased.
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exactly, its like a 4 year test drive. also if its a lemon, you dont own it. if it was in a bad accident, but rebuilt, you dont own it. remember you have to declare that accident when you sell it, most certainly bringing the value down.
Quote:
Originally Posted by automaton 3
My current leased truck (like most trucks) has plummeted in resale value over the last year or so, to the point that the buyout will exceed current market price by $5000+. I do like the truck, but I'll for sure give this one back, and look into buying one just like it and be $5K to the good.
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another great reason to lease a vehicle. almost all the risk is taken out of the equation and you preserve your cash flow.
i agree there will be cases that could be made for buying, but from my experiance leasing is almost always the better choice (for me).