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any time you lease a car its a bad idea.think about it even though your paying out money your limited on how much you can drive it,and you also never own it,unless you buy it when the lease is up,and then your going to pay top dollar for it then,leasing is not a good option on a car,good luck on it.
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In most cases, money down is just actually going toward up front fees, taxes, etc., or to reduce your monthly payment. With a lease, you are only paying for that portion of the vehicle cost that you are using. If you are comfortable with the payment and can afford it...it's a good deal for you. The way I look at it...I'll always have a car payment, so why not drive the car you want.
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If it's not necessary- don't. ( put money down )And about the getting ripped off~ If you like the car, and your financially comfortable with the payment... that's what matters. Buying a vehicle ( I feel ) is no longer a good idea. They are a rip off. WAY too much money, and they decrease in value SO quickly. Your ALWAYS upside down in it. So as long as you LOVE the lease car- and like the payment... Your good. Please don't listen to negative people about leasing. To lease or not to lease was not the question.If you BUY a new car- look at the price (on your contract) and the finance charges. And the end amount you will pay if you pay for that car. No way that car is worth what you have to pay (total). leasing is fine for the right people.
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I leased a vehicle about 5 years ago, never again. Please rethink this. The only person who gets a good deal on a lease is the dealership....They charge you for every minor flaw in the paint(even small imperfections in the paint that were there when you bought it), mileage overages(at an outrages price), and anything else they can come up with. Steer clear of a lease, PLEASE>
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Alot of unqualified responses. Leasing allows you to get more car for the least amount of money. You dont have to worry about reselling at the end when the car is out of warranty. Now your answerleasing has a few factors MSRP$ / Selling Price/ residual{buyout value at end/ term/ money factor{interest rate}You can be getting a great deal on a leftover 07 but the lease price isnt so good because the residual is low because its a year old.
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Wow! i'm always astounded at the answers for leasing. Leasing is the best way to get a new car. Ask five of your richest friends if thier car is leased or financed and they'll either say they paid cash or leased it. Now ask five of your poorest friends who never have any money and they'll tell you never to lease. it's because they don't know anything about money! that's why they don't have any! You lease things that depreciate (cars) , you buy things that appreciate(real estate) very simple. make sure you get the correct amount of miles for you per year and stop thinking that a good deal equals low payments that's not always the case. Money down simply lowers your payment whether you lease or purchase.
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There are a number of components to a lease that you need to evaluate to determine if you're getting a good deal. Have you received a good discounted price? Has the money factor been discounted? Is the residual value above average? Is the acquisition fee reasonable? Has the dealer included junk fees? Are you paying for worthless dealer-installed add-on items such as paint protectant?Putting money down on a lease reduces your payments but could be lost if your car is stolen or totaled in an accident.
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