2006-06-18 11:41:00 · 3 answers · asked by antoinettecity 1 in Cars & Transportation ➔ Buying & Selling
you must have VERY good credit to lease a car, and unless you can write it off as an expense it is exactly like renting with nothing to show for at the end of the lease, because to purchase it you would have to come up with a balloon payment probably more than the blue book value would be by then
2006-06-18 11:47:38 · answer #1 · answered by Voodoo Doll 6 · 0⤊ 0⤋
Unfortunately the first answer was way off course. Most mfg's offer leases to even some questionable applicants. Leasing is wonderful for people who like to drive new cars and stay within the mfg's warranty period. As it is true that you don't have anything to show at the end of the lease........you paid less monthly than you would have if you purchased, And while that lady is paying $700 per month in her fourth year, I have a brand new one for $500 per month for the same car. And, if hers breaks down,,,oh well, there goes another couple grand, if mine breaks, i'm under warranty.
2006-06-18 19:29:40 · answer #2 · answered by jay 7 · 0⤊ 0⤋
It's similar to renting but of course there are major differences.
You are wise to do some research first, but instead of attempting to explain all the details (there are many) I've included a link to the best web site I know of that contains tons of info on leasing.
Jerry Christopher
http://www.usedcarwise.com
2006-06-18 19:32:17 · answer #3 · answered by usedcarwise 4 · 0⤊ 0⤋