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Member Advice Summary
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Leasing Explained Finally...
by LVS_Engineer | Mar 16 '00
Auto leasing results in some car buyers getting a better deal overall, most car buyers getting a far worse deal overall but paying less per month, and car dealerships selling more cars and making more money per leased car. Leasing adds a new level of...Return to opinion
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Advice from the "Leasing" guy to the engineer. (Reply to this comment)
by JohnJ
You explained the formula for leasing, something those of us in the car industry don't even need to know, thats why we use computers. However, the consumer can use common sense to figure out if they are getting a good lease.
Leasing~Little to no money down
Considerably lower payment in most
cases
A new car every two or three years
People can get taken badly on a lease, if they don't use common sense. Overall, leasing will phase out conventional financing in the next 10 years. It's a good thing!
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Mar 19 '00
1:58 pm PST
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"Confusion" speaks volumes (Reply to this comment)
by bgabel
This article may have confused the hell out of uneducated people about leasing, but I think that is the point. Leasing IS confusing. There are so many terms, smoke, mirrors and gotchas. If you aren't up to understanding the myriad dimensions of leasing, purchase a car. If you can afford to purchase a new car, buy a late used model.
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Mar 18 '00
9:46 pm PST
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Re: Run that by me again...... (Reply to this comment)
by LVS_Engineer
DJones,
Yes, I realize the actual lease contract is confusing. My point was to try and explain in this brief format the meaning of all of the terms and dollar amounts in a closed-end-lease contract. And, yes leasing can be good as it was for me. However, I have and continue to hear of many people who later on realize that leasing was not good for them. If you or anyone else has any specific questions, feel free to email me...
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Mar 17 '00
10:36 pm PST
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Run that by me again...... (Reply to this comment)
by djones
You have some good points but overall I think you have confused the *#!* out of the people who are uneducated about leasing. It does not have to be that confusing. Being married to a man who has been in the "business" for the last 20 years and selling Ford's myself at one time I'd have to say leasing is a very good thing these days with the outrageous car pricing. Check out my review on Leasing. :)
P.S. Good choice on your truck <wink>
~Deanna
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Mar 17 '00
9:09 pm PST
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