Quote:
Originally Posted by q0192837465
I still don't like how rigid leases are. When you lease is up, you have to make a decision on whether to lease a new car orget rid of it or wuever. Basically forcing you to make a decision even if the deals r super crappy. Financing will allow you to take ur time and plan slowly on how you wanna proceed. If money is tight, keep the car for a year or 2 longer.
I agree that leasing is living beyond ur mean. And seriously, those rates mean jack. With all those fees taken into account, the REAL interest rate is much higher than wut they claim to be.
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You actually have MORE choices when you lease than if you finance. You also know when your lease is going to be up, so you have time to look around and see what's out there before your lease is up. You can also extend your lease with most companies by a few months if you absoulutely need to, you just pay the extra depreciation. If money is tight, you can get into a cheaper car when the lease is up.. but if you're financing, you are forced to keep paying the same (higher) monthly payment unless you sell it, at which point you will take a huge loss on depreciation. You actually have LESS choices if you finance.
Also, the rate is what the rate is, nobody can charge you a "fake" rate. What does happen is that the marketing department has $XXXX that they can play with, and either they can give you $XXXX off the price, or give $XXXX to the credit branch to reduce the interest rate, or some combo of that. That is always changing, but usually the monthly payment is pretty much the same.
And honestly, most people wouldn't know a good deal if it slapped them across the face and said: "I'm a GOOD DEAL, BITCH!"
I've seen people pay $6000 over invoice and they were the happiest customers in the world, and then I've seen customers buy a car for well UNDER invoice and still think they were getting ripped off.
A "good deal" is all about perception.