U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Maine
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-26-2012, 02:46 PM
 
Location: Sacramento, CA/Dover-Foxcroft, ME
1,808 posts, read 2,895,826 times
Reputation: 2826

Advertisements

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.
Reply With Quote Quick reply to this message

 
Old 08-27-2012, 01:41 PM
 
Location: Log "cabin" west of Bangor
5,498 posts, read 6,443,239 times
Reputation: 9431
Quote:
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?
Reply With Quote Quick reply to this message
 
Old 08-31-2012, 05:21 PM
 
Location: Somewhere in deep in Maine
3,489 posts, read 2,547,620 times
Reputation: 4230
Quote:
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.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Maine
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top