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re: Never leased a car before

Posted on 10/17/18 at 6:55 pm to
Posted by lnomm34
Louisiana
Member since Oct 2009
12618 posts
Posted on 10/17/18 at 6:55 pm to
quote:

I want to put down a max of 7500 and the note would be in the 320 range for 36 months.


Are you good with paying over $19k to drive the car for three years and have nothing in it at the end? And how sure are you that you can stay under 45,000 miles over three years?

I’ve leased a vehicle through work before. I don’t think I’d consider leasing personally. If I ever did, I wouldn’t put money down.
Posted by Tiger Attorney
New Orleans
Member since Oct 2007
19677 posts
Posted on 10/17/18 at 7:04 pm to
The 19k with nothing to show 3 years later was the tough part to wrap my head around.
Posted by Powerman
Member since Jan 2004
162258 posts
Posted on 10/17/18 at 8:23 pm to
quote:

Are you good with paying over $19k to drive the car for three years and have nothing in it at the end?

You could easily lose as much in depreciation over 3 years on a new Acura SUV
Posted by Layabout
Baton Rouge
Member since Jul 2011
11082 posts
Posted on 10/23/18 at 2:49 pm to
quote:

$19k to drive the car for three years and have nothing in it at the end?


And what do you have after three years of paying a note? You'll be screwed on the sales tax and you'll have a three-year old car with an expired warranty.
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