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TexasSP
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Join Date: Mar 2006
Location: Houston, TX
10.12.2009, 10:57 PM

The problem with a lease and low resale value is that a lease payment is based part in parcel of what the resale value of a car will be at the end of the lease term. A lease is only a good deal if a car has a good resale value and you can get good mileage terms. One must remember also that the sale price also affects a lease and should still be negotiated. Many go into a lease thinking they have to take sticker which is not true. If a given cars resale value at the end of 3 years is 15k and guy a gets a sticker price lease of 28k and guy b gets the lease for a negotiated value of 26k guy b will have a lower lease payment just like a standard car payment.

Remember that with a lease you are paying the estimated depreciation value over the lease term with interest. Leasing can be a good deal or bad deal just like any car deal.

Me personally I would go through a leasing company like enterprise (yes they do leasing as well as rentals) because they negotiate better pricing and mileage deals than typical manufacturer leases give you.


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Last edited by TexasSP; 10.12.2009 at 10:58 PM.
   
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