Leasing info....I want to lease car?

somsom

Could you please provide me some information about leasing a car like
what is the pros and the cons
Why i should lease than buy a car
If i,m leasing a car i still need to shop around to find a good deal of the price of the car or becouse it is leasing it does not matter
Can i lease a car for only one year
Can i lease a car with OK not very good credit score
Thanks in advance

Answer
Leasing has become more difficult nowdays but you can still find good deals, for example at VW, Mazda, Ford, and Honda dealerships. Lease generally is between 2 to 3 years. One year leases may be possible but they will be much more expensive. I personally do not like leases since I don't like to change cars every 2 to 3 years. Leasing restricts you to 10 to 12K miles per year and you may also end up paying for too much wear and tear. A lot of times dealers will offer $200 a month lease with $2000 to $3000 downpayment up front. Add up all you payments plus up front cost to find out exactly how much you will pay for the car in 2 or 3 years. You'll find that after 2 years and about $10,000 you will no longer have a car. Lease works great if you like to change cars every couple of years, drive less than allowed mileage, and don't mind looking for another car at the end of the lease.

Does anyone have any info on what happens when you need to get out of a car lease early?

devonwest

I have an 02 4 Runner I am paying way to much for in a lease. My payout if I buy it now is 17,000...but I cant even afford that. I dont know what happens if I terminate my lease early, or if I voluntarily reposess it. (give it back) but my credit is shot anyway. Any advice?

Answer
A lease is a finance contract with a balloon payment at the end. You do not say if it is a two or four wheel drive vehicle, nor do you list the trim level, but it is possible that you may be able to sell the car for the buyout figure, or a little less.

Check with a place like Carmax, or an independent used car dealer, to see what you car would be worth. If the figure is close, you can pay the difference, buyout the lease and sell the car. You will not hurt your credit that way, and you may actually end up with a few dollars in your pocket!

If you give them the car back, they will sell the car at auction. They will take the amount that they get for the vehicle, deduct any and all fees, repairs, transportation, reconditioning, and any other costs they can think of, and apply the remaining amount to the balance you owe. They will then sue you for the difference, and attach your wages if you do not pay!

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How to get out of car lease?

car lease info image

riverkenn

My daughter has to get out of her car lease due to a move, any info on how to do this would be a great help. Thanks

Answer
GREAT site

http://www.leaseguide.com/Articles/terminate.htm

also...

http://www.familyresource.com/finance/cars/getting-out-of-an-auto-lease

Any ideas about how to lease a car ? What's the best car to lease ?

I'm a college students and I need a car for college and work . At first I wanted to buy a used car up to about 5000 . But then I decided to lease a car. I work part time and I go to college full time so I don't make a big money to finance a car or something. Leasing would also work for me. I can't afford more than 200/ month by the way. Any ideas about what's a good car to lease ? Any info ? Thanks in Advance

Answer
well it depends how you want to look at it. You can do what the others are saying on here and dont lease so you have a $5,000 car that should last a couple of years but you will have to get one with high milage so with that being said there is a good chance it will have atleast one thing break that you will need to replace and after 3 or 4 years you will be out looking for another car. You can lease get a new car or with how bad the economy is im sure you can still find cars from 2008 on the lot, put down around 2000-2500 down for the car and im sure you have alot of cars to pick through that should fall in your $200 a month price range. Also alot of dealerships offer free oil changes for the length of your lease. At the end of your lease you than have the option of buying the car and financing it for 4 years. So if you plan on keeping the car for years i would go with the leasing, less worry about anything going wrong with it. If you plan on just having a car for 3-4 years and then looking for another car then just buy what you can. I would personally go with leasing. You just look in y our local newspaper to see what companies are offering cars that would fall into your monthly range. If you have any family members that work for any auto company i would go with that company because then you get the family discount. Just fill out the paper work and enjoy your car.

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