The question of leasing has been there since the beginning of time….It depends on your situation and the amount of driving you do….Leasing today….is generally a good idea…if you want to have a lower monthly payment. But there are some things to consider before you sign the agreement…..
There are several questions you can ask yourself before you lease…. How many miles do I drive a year or in 3 years…. Do I maintain and take care of my cars, or do I let a lot of things slide..??? Do I really want to own the car or is renting the car going to work for me.??? The security deposit you make is NOT refundable. The payments you make do go to pay down the capitalized cost of the loan. You can buy the car at the end of the lease term. However, the residual amount is your buy out number. There is usually no negotiation on that amount.
If you go over the mileage allowance …there is a mileage penalty charge. It’s usually about 25 cents per mile. This will add up fast…so make sure you don’t go way over the allowance. If you’re looking to lease or buy any new vehicle…better call 503-643-4585 or Click Bob @ BestCarDealinTown.com. You’ll find a “Better Way to Buy Any Car!!”