Re: Lease or Buy... Help me decide
I have leased since 1989. I consider myself a fair judge of leasing plusses and minus. I live on Cape Cod. I agree with the individual that mentioned little to no money down. Leasing is not a waste of money. From a financial viewpoint, cars are a depreciating asset, period. Paying cash for a car is a waste, financing a vehicle, typically with a downpayment, interest charges....a waste of financial assets. Your money can earn significantly more if invested in the proper investment vehicles (pardon the pun!). Lease is basically renting the vehicle for period of lease term. You negotiate the deal same way, you look for the lowest money factor (aka: interest rate) the same way. You take care of the car the same way. Most lease companies do have a plenty if there is excessive tire wear, scratches that are 1" or longer. Most allow a $ amount to cover such events. Some will waive, if you purchase or lease with them again. Even excess mileage (up to a certain level) is waived by some leasing companies, again if you lease or purchase from them again. Leasing is a good way to go, on many levels.
2011 GC Overland Hemi 4x4
Brilliant Black Crystal Pearl Coat
Saddle/Black interior, ACC Pkg.
Accessories Added: Chrome foglight bezels, pedal dress-up kit, illuminated sills, Sill Protectors, slush mats/cargo protector.
took delivery:12/29/2011 :thumbsup:
previous ride 2008 GC Overland Hemi