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Jayhawker · 03-04-08, 09:57

To an extent, this guy isn't educated on a lease. He didn't go into detail about leasing or the benefits. He just says "it's the worse way to buy a car"...

ex.-- you can lease an IS250 for $476.24 (this includes tax of 7.8%) for 36 mos with 0.00 down, (12k miles) and this car will have an MSRP of $36,745. OR, you can buy this car car for about $38k "out the door" and with 0 down for 60 months with 5% rate, the payment will be $717.11.

I think statistics show the average car owner keeps a car for 40 months and gets something new. Leasing is a great way of driving a more expensive car for less if you budget a car payment, BUT, you have to know how to negotiate a lease.

YES, leasing is more profitable to the dealership if one doesn't know how leasing works. This guy also touched on "buy rate" but didn't explain it, or didn't understand it.

03-04-08, 09:57	#46 (permalink)
Jayhawker Registered User Jayhawker is offline Join Date: Aug 2007 Posts: 35	Re: Leasing vs. Owning To an extent, this guy isn't educated on a lease. He didn't go into detail about leasing or the benefits. He just says "it's the worse way to buy a car"... ex.-- you can lease an IS250 for $476.24 (this includes tax of 7.8%) for 36 mos with 0.00 down, (12k miles) and this car will have an MSRP of $36,745. OR, you can buy this car car for about $38k "out the door" and with 0 down for 60 months with 5% rate, the payment will be $717.11. I think statistics show the average car owner keeps a car for 40 months and gets something new. Leasing is a great way of driving a more expensive car for less if you budget a car payment, BUT, you have to know how to negotiate a lease. YES, leasing is more profitable to the dealership if one doesn't know how leasing works. This guy also touched on "buy rate" but didn't explain it, or didn't understand it.