Lol, sounds like a line the F&I Manager fed you
Leases are a gold mine for dealerships
http://www.moneyunder30.com/why-you-should-never-lease-a-car
Lol, sounds like a line the F&I Manager fed you
Leases are a gold mine for dealerships
http://www.moneyunder30.com/why-you-should-never-lease-a-car
So many people uniformed and uneducated in the realm of owning vs leasing.
For most people in most situations, buying is a much better option vs leasing. Its not a one size fits all thing though. Sometimes a lease makes better sense in some isolated situations.
Why the fuck do you think the dealerships always try to sell a lease down your throat? Duh.
Its like buying insurance at a black jack table in Vegas. If the house offers it, its -EV.
For most people in most situations, buying is a much better option vs leasing. Its not a one size fits all thing though. Sometimes a lease makes better sense in some isolated situations.
Why the fuck do you think the dealerships always try to sell a lease down your throat? Duh.
Its like buying insurance at a black jack table in Vegas. If the house offers it, its -EV.
If your credit is good but you dont want a big car payment or want to put a bunch of money down leasing is the way to get that two hundred a month payment. The best thing about leasing is you only pay for the portion of the car you use and you know the residual value day one which is the amount left to pay off at the end of the lease which can be financed. Leasing you only pay the taxes as you go instead of paying them all upfront. If the car you were paying payments on dropped in value so much that you would be upside down at trade in time was a lease you would just give it back. Cars like honda you can actually have equity at lease end depending on values at the time. Cars like bmw are the best to lease because they are soft as butter on the resale side. And the dealer does not prefer one or the other. Lease returns become certified used cars which is where the money is made. Dealers dont make much either way on new cars
+ 1
Dealer leases you a car/truck you will be back at the end of the lease. They get first shot at
re-leasing or selling you another vehicle. Second, a lease turn in is a great source of income
because the dealer has the option of buying that lease at a discount price which helps with
their used car inventory.
Like I said in an above post...unless you get a tax write off, or you want to give up driving
after two/three years because of whatever...it is better to buy.
Family has been in the business...don't doubt me.
Dumb ass you just dont get it! You can buy the car off of lease for the residual value that is set in stone the day you sign the paper work. You can also finance that amount as if it was a used car. You should just stop trying to act like an expert because you have no clue wtf you are talking about. Cars are a depreciating asset and if you lease you have a choice. Keep the car or turn it in. You and your 5 plus year loan leaves you no choice but to stay in the car you a buried in or trade it in and roll your negative equity into your next car. You are the guy the dealer is salivating about
