Post by
dwynne »
https://forums.nicoclub.com/dwynne-u67694.html
Sun Oct 28, 2007 5:18 am
People that say leasing is bad probably also get ripped off on their trade in each deal that make .
If you buy a car, then trade it after a few years you are probably much better off leasing. If you sell the used car yourself for retail money then you may be coming out OK. If you drive the car for many, many year or better still until it just gives up and dies then you are a lot better off buying. If you pay cash for your car then in most every case leasing is not for your.
Just like there are good and bad sales and financing deals there are good and bad lease deals. If you negotiate a good price and get a nice, low money factor then you have a nice lease deal. You normally pay less effective interest than you would on a loan, far less taxes in most states, a lot less payment, and you don't have to hassle with a trade in. A lease end either buy the car off the lease or turn it in and shop for something new. It is a real joy to car shop with no trade - you make a bottom line price on a new car and take it - no trade hassles.
Leasing is not for folks that change their minds, it is much easier to get out of a loan early than a lease. Also not good for folks that drive a huge number of miles in a year - but buying a car and putting a lot of miles on it is not a great deal either.
Most folks trade cars every few years, it seems, and if you are going to do that you should look into leasing.
Dennis