Ahhh...Just Couldn't Wait
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Joined: May 2008
Posts: 79
From: The Woodlands, Texas
Rep Power: 23
If your car gets totaled or stolen, you are out of luck and lose all that money. Thats why you suld not ut a lot of money down on a lease.
I used to have a commission only job so i would lease and put down a lot of money to keep the payments small. Then my car got stolen. I no longer put money down
I used to have a commission only job so i would lease and put down a lot of money to keep the payments small. Then my car got stolen. I no longer put money down
Insurance is designed to protect you from loss. There is no way that someone can crash into you and the value of the car just "disappears".
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Joined: Jun 2011
Posts: 107
Rep Power: 22
How exactly does the one lease payment work? I assume you negotiate the price, lease is based on term (36 months let's say), and with one payment you cover the entire 36 month term. Then the residual is the negotiated price minus what's left on balance? Because you are paying the lease all at once do they reduce or forgo interest? What are the pros to do this versus just buying out right? What are the cons?
I have always paid cash so I know very little about leasing. But I'm thinking about getting another 911 and using the other for a DD (or maybe even a Panamera). I need to learn more about this so I can make an informed decision. Would anyone care to explain it to the uninitiated?
I have always paid cash so I know very little about leasing. But I'm thinking about getting another 911 and using the other for a DD (or maybe even a Panamera). I need to learn more about this so I can make an informed decision. Would anyone care to explain it to the uninitiated?
Last edited by hed; Mar 23, 2012 at 10:13 PM.
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