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re: Advice about leasing a car?
Posted on 4/14/14 at 9:16 pm to coonass27
Posted on 4/14/14 at 9:16 pm to coonass27
quote:
You would def be upside down in 2 which is another plus for you to lease but you will be shafted In 4 also.
Is there anything special you or your wife request or try to get handle in detail?
Anything I should look out for? I already know I need to negotiate the total price well enough because that will affect my total term cost because depreciation is factored off of that.
2
Posted on 4/14/14 at 9:28 pm to YStar
quote:
Is there anything special you or your wife request or try to get handle in detail?
Well I have a hand up lol. I use to work for GM and get GMS pricing still so I get vehicles at 3% over cost and know the price before I even walk in. There are many of free sites out there that will tell you a fair price to pay for any vehicle. I would research that and go from there. What ever price you get them down to, you can subtract any rebates offered from that. Depreciation is always factored In but it's a crap shoot. They are guessing what the car will be worth in 3 years with x Miles. In my experience, it was always worth more than what the residual is. That's all your paying really. The difference between the selling price and the residual. My only advise would be to look at the fine print on lease and lease rates through the mfg. make sure they don't discount the vehicle and make it up by charging you 10% interest. You won't get 0% on a lease but 13 would be high.
Posted on 4/14/14 at 9:31 pm to YStar
quote:
quote: You would def be upside down in 2 which is another plus for you to lease but you will be shafted In 4 also.
I was referring to to trying to trade a bought vehicle in 2 or 4 years. You will be hard pressed to get a dealer to your pay off your loan In 2 or 4 years.
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