Just passing this on, Son in law and daughter leased a Mini Van, says he will
never do it again. They bought one last year instead of leasing again. I can'
tell you the reason for this.Arkansas Tony
On Monday, February 15, 2016 2:44 PM, Chuck Alexander
<[email protected]> wrote:
Folks: This is off topic, but does anybody here lease their vehicles vs.
buying them?? If so, what pros/cons should I know??? We’ve been thinking of
going that route because there is a place here that leases new cars for $199 a
month, (count in all the “hidden” fees, taxes etc) then after “X” months, it’s
yours to keep. Pros I see are that it includes ALL maintenance including tires,
oil changes, brakes etc which can add up big time when you’re having to pay for
all that anyway. Plus, the price includes insurance as well I think. Surely I
do NOT know all the facts as we’ve never leased a car, but I’m getting too old
to work on cars, and my knuckles will at least thank me LOL.. The only con I
can think of are are that you’re paying for something that is not yours (yet,
because for it to be “lease to own, you’d probably have to pay 8 yr or so on
it). I had a father in law, and had a cpl cousins that ONLY lease cars, because
every three yrs they turn them in for a new model. They say it’s the only way
to go because if you pay cash, or take out a loan for a used vehicle, it could
be a lemon that you are stuck with paying who knows how much in upkeep, so you
may be paying $500-600 a month for the payment for 3-4 yrs, plus maintenance
since it would be my luck that a kid had it first and hot-rodded it and NEVER
changed the oil etc. Anyway, this is a HUGE financial leap for us as we have
never had a brand new car/truck in any shape/form, or fashion, and I know we’d
be basically “paying forever”, but on used vehicles, like I said, you do that
anyways, and without the benefit of knowing the car’s background. Sure, you can
run a “car fax” to see if it’s ever been wrecked, but that don’t tell you if
Jeff Gordon was the previous owner, or if he EVER changed the oil, brakes,
fluids, etc ect. Thanks, Chuck--
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