Leasing Benefits? Please share with me them.?

(2011-01-08 22:00:02)

1. Eric Says: I would like to lease my next car. I know the drawbacks already so if you currently lease a Ford Car please share with me the leasing benefits and what to make sure you do when you do lease? Thanks

2. rigo_fordofmontebello Says: First of all leasing is not expensive, its cheaper. You just have to make sure leasing is for you. For example how many miles do you drive? If you don't drive to much and usually take care of your vehicles then leasing might be a good choice. I currently work at a Ford dealership and because the Ford's product has great quality and reliability have skyrocketed, the value of these vehicles has risen. Why does this benefit you? Well first of all your lease will be cheaper because the residual will be higher meaning that the vehicle will be worth more when you return it if you decide to do so, which brings me to my second point. When the lease is done you will have 3 options, buy the car out, return the lease and walk away, or lease another car and get an even better deal because of RCL money (extra rebate for getting another lease). Usually lease payments are cheaper and you can change your car every 2 to 3 years depending how long you lease. If you damage the vehicles they have ware care through Ford which will cover you up to 2,500 worth of damage.

If you drive many miles, damage your vehicle frequently, or just want to pay off a car and keep it for a long time then leasing a vehicle is not for you and suggest purchasing. Good luck and hopefully this helps. Sorry if my grammar is not that great, I wrote this in a rush.

3. n Says: You need to rethink leasing. Its VERY expensive.

Also, only the top 20% of credit customers can qualify without many thousands down.

Again, I cannot reiterate how bad leasing is.

Don't get fleeced with car lease
By Dave Ramsey,
Dear Dave: I leased a car about two years ago, and I'm just now beginning to realize that it was big mistake. I'm throwing away tons of money. Is there any way to get out of a car lease?

Randy

Dear Randy,

Now you see why I call it "fleecing," don't you? Never do a lease! It's the most expensive way to operate a vehicle.

Call the company and ask for the early buy-out or pay-off amount. Then, compare that figure with the value of the car. If the car is worth $19,000, and the early buy-out is $21,000, you'll have to scrape together $2,000 to make up the difference.

If you don't have that kind of cash sitting around, go to your local credit union or bank and get a small loan of $3,000 to $3,500. This will get you out of the "fleece," and give you some cash left over to buy a little beater to drive for a while.

Get this done, and pay the loan back as quickly as possible. Then, you can start saving up to pay cash for a really good, used car later!

- Dave

4. ken k Says: cant think of any for regular person/the draw backs are too many to over come any so-called advantages//the end of lease is the crusher/dont forget the gap insurance costs also/usual it afford person to have new car with out downpayment