Hi, Guest
07-09-2008, 11:45 PM
Leases are at best a quick & dirty way to get more car than you can afford for the payments that you are prepared to make.
Unless you have a way to write off the payments on your taxes, you're simply tossing money down a hole every month in payments and at the end of the term have zero equity.
This is fine if all you want is a cheap way to get from A to B, but given that as stated earlier, you've likely leased more car than you can afford otherwise, if you actually do like the car and want to keep it you're hosed as the buyout at the end merely delayed and increased the amount to pay if you want to keep the vehicle...
Heaven help you though if you haven't been fastidious about the upkeep/maintenance, because you will be nailed when you turn the car in :ph34r:
NefCanuck
Unless you have a way to write off the payments on your taxes, you're simply tossing money down a hole every month in payments and at the end of the term have zero equity.
This is fine if all you want is a cheap way to get from A to B, but given that as stated earlier, you've likely leased more car than you can afford otherwise, if you actually do like the car and want to keep it you're hosed as the buyout at the end merely delayed and increased the amount to pay if you want to keep the vehicle...
Heaven help you though if you haven't been fastidious about the upkeep/maintenance, because you will be nailed when you turn the car in :ph34r:
NefCanuck