View Single Post
Old 02-10-2011, 04:45 PM   #41
Bring_Back_Shantz
Franchise Player
 
Bring_Back_Shantz's Avatar
 
Join Date: Jul 2003
Location: In my office, at the Ministry of Awesome!
Exp:
Default

Quote:
Originally Posted by DementedReality View Post
i would rather the car be worth less then the amount owing. that means the car company subsidized you for the term of the lease.
In some cases yes.
For me it's like this.

At the end of the lease I'll have the option to buy my truck out for x ammount. If the resale on the truck is higher than that, then I'll stick with my original plan and buy it out. Then I can either sell it and make some cash, or I can pay it off and keep driving it, and as I said, this will actually save me ~$1000 over if I had bought it on day 1.

If the resale is lower than the buyout, then I'll just give the truck back, take the money I was going to spend on the buyout, and buy a better truck for the same value. Now I've spent the same (again less than if I'd bought it outright) as I would have in the first case, but now I've got a slightly better truck at the end.

Either way it worked out to a win-win for me to lease my truck.
__________________
THE SHANTZ WILL RISE AGAIN.
<-----Check the Badge bitches. You want some Awesome, you come to me!
Bring_Back_Shantz is offline   Reply With Quote