SoDakS2K

[QUOTE]Originally posted by Intrepid175

Bret

It seems that some people here have a good understanding of how leasing really works. If you have that understanding and really fully understand where every penny will be going, then I say go ahead and lease if it fits your particular financial situation. But, the vast majority of people that I personally know that have leased cars do not have any understanding of how the payment was calculated. The only extent of their financial planning was the determination of whether or not they could afford the monthly payment. Most could afford the lease payment, but not the payment if they financed. And that, in my opinion, is the simple reason why dealers started leasing to individuals. I think that if you're debating the lease versus finance options you should ask yourself if you can afford the car if you finance it. Considering your long term financial situation, if you can't afford to finance it, you really can't afford to lease it.

Also, both leasing and financing are not as good in the long run as paying cash if you are able to save for the car ahead of time. When you are saving for a car, you earn interest on your savings. When you lease or finance, you are paying interest on the money that you have borrowed.

Tom318

Over here they ad for 3,400 down 299/month for 36months, 12k miles/yr.

NYMATT74

You wont believe this but my uncle went in to buy a jeep liberty cash and the salesperson didnt want to deal. They said they make more money financing than just a straight out sale. I believe it...especially with the the interest accumulating year after year.

derwood03

Alin- You have PM!

Intrepid175

[QUOTE]Originally posted by NYMATT74
You wont believe this but my uncle went in to buy a jeep liberty cash and the salesperson didnt want to deal.