Mileage allowed, paying a ton for minor damage when returned ... other than that

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Dec 9, 2014
2:11:47pm

Ebolarama

Mileage allowed, paying a ton for minor damage when returned ... other than that

I think leases are great.

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Ebolarama

Previous username: joehayes
Bio page: Ebolarama
Joined: Sep 5, 2014
Last login: Aug 20, 2015
Total posts: 5,448 (131 FO)

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Messages

Author

Time

Leasing an Accord LX

12/9/14 2:08pm

Mileage allowed, paying a ton for minor damage when returned ... other than that

Ebolarama

12/9/14 2:11pm

residual purchase price is most important.

JOPE

12/9/14 2:14pm

I prefer not to pay any cap costs upfront.

garyfan

12/9/14 2:17pm

The risk is just liability

donnerstag

12/9/14 2:19pm

unless you buy it at the end of the lease, then none of those things matter

JOPE

12/9/14 2:37pm

After the mileage cap, it is just 15 cents per mile. So even if you went over

12/9/14 2:57pm

They have a zero down deal right now

Remigius

12/9/14 2:21pm

Maybe his credit isn't stellar?

Non-donor troll

12/9/14 2:23pm

Don't forget you have to pay sales tax on your monthly lease in many states.

tisdaplace

12/9/14 2:23pm

Yes.

Mister P

12/9/14 2:25pm

Sales tax, documentation fee, registration

Oregano

12/9/14 2:38pm

What makes leasing such a great way to go? I've never really understood the

BYUCoug11

12/9/14 3:08pm

Thats the main benefit, a new car always, never have to worry about fixing

Ebolarama

12/9/14 3:10pm

But mileage limitations, you can't sell it, liability...

BYUCoug11

12/9/14 3:12pm

Mileage limitation can be whatever you want, so it doesn't have to be a

garyfan

12/9/14 3:20pm

Does that just require you to purchase the car first?

BYUCoug11

12/9/14 3:34pm

In effect. You sell the car and then pay the dealer what you owe

garyfan

12/9/14 3:38pm

Your residual can be treated like a pay off.

Oregano

12/9/14 4:19pm

Appreciate it. We may be in the market for a car soon and I've been hearing of

BYUCoug11

12/9/14 11:28pm

You can buy out a lease at any time if you want. There is a residual price -

Non-donor troll

12/9/14 3:21pm

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