| silroc |
Leased the 04 and so far i LOVE THIS THING... (one month)
shoulda just bought it .......
oh well - next time I guess |
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| JeffK |
No, IMHO you did the correct thing.
When your lease is up, if the car is worth more than the residual and you want it, buy it.
If the residual is higher than its value - if the past 5 years of leasing is any indication - it will be, then walk.
Either way you are a winner!
That is the beauty of leasing.
JeffK |
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| MDteX |
| It depends on how long you want to keep it. If you hold on to cars for more than 6 years then buy it. If change cars every couple of years then lease. I keep cars for at least 8 years so I buy. Never had the urge to "rent" a car. |
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| nightguy |
| I've always wondered about doing that. Biggest question I have is does it generally have to be a cash out or can one find a bank that will finance a 3 year old (or older) car ? |
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| Mr_MDX |
they usually just u a payment book for the balloon amount from the same bank u had ur lease with...
my GF just finished a lease a few years back on a 99 accord and her credit was screwed which had her worried.... the bank said no problem here is ur new payment book for 36 months on ur 100K mile car :)
this was her first and last lease ever......
I keep my new cars 7 years or 100K miles which ever comes first, unless it's a work truck/junker or antique, so a lease is never an option for me |
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