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Old 08-26-2012, 02:46 PM
Location: Sacramento, CA/Dover-Foxcroft, ME
1,808 posts, read 2,895,826 times
Reputation: 2826


Leasing is just another way of financing where you pay much less per month than a typical bank loan for the same period. When the lease is over they will give you a buyout amount. I leased a Durango in 2000 for 60 months with full warranty. I used the Durango for business purposes and personal use and my son learned to drive in it. I was allowed 1k miles per month and turned it in clean with 60,300 miles on it's original tires. There was some normal wear and tear and a couple small oopsees on the floor or seats.

Was it worth it? It's all relative I suppose. And it probably depends on where you live, what you need it for, if you can afford a long term commitment, etc. I changed the oil when needed, washed it regularly and keep it away from immovable objects. I went to Tahoe with it it the winter and the ocean dunes in the summer. I also camped with it, pulled a small toy hauler with it, used it for work and drove it like I stole it a few times. My "walk away" price was $450. I decided to give it up. I went to a smaller and better mileage VW wagon.
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Old 08-27-2012, 01:41 PM
Location: Log "cabin" west of Bangor
5,498 posts, read 6,443,239 times
Reputation: 9431
Originally Posted by slyfox2 View Post
OK this is how its done:

First of all, you put it into the agreement that you do not have to resell the car back to them. These terms are all negotiable with the dealer. You also put it in the lease agreement, that at a certain period of time in the lease that you can have someone else assume the remaining payments of the lease.

Before the end of the lease, you make arrangements for someone to buy the vehicle. This person either waits until you've made all the payments, and then you purchase the vehicle from the dealer as per your option, and sell it to them, or assumes the payments and then buys it themselves at the end of the lease.

These things are done all the time. The internet tells you exactly how to make it happen.
So, you've never actually done this?
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Old 08-31-2012, 05:21 PM
Location: Somewhere in deep in Maine
3,489 posts, read 2,547,620 times
Reputation: 4230
Originally Posted by Zymer View Post
So, you've never actually done this?
I actually do believe that books can tell you how to do things that you haven't actually done yet. I don't have to try everything myself to see if it works to find out if it works. I'm pretty good at following instructions.
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