Originally Posted By: Kira
1. I know I drive too many miles to fit into any lease I've ever heard of.
2. I believe the dealers can jack up the cost of returning the car at will.
3. Every person I knew who leased didn't do it a second time.
4. I'd love to know what "taxes up front" means.
5. You also must cary a full insurance policy.....NEVER mentioned.
1. OK so don't lease
2. Wrong. You are in a contract which both sides must abide by. If you're on miles, under your damage allotment (they usually give you ~$600 worth), and on time dealers have no legal basis for this.
3. OK so they either shouldn't have leased in the first place, their circumstances changed, or they decided they want to own outright.
4. You pay the sales tax on your part of the lease. $200/mo x 36mo=$7,200 x 7% sales tax= $504. You either pay up front or roll it into your payment which includes a 'money factor' or interest rate (similar to a loan). Don't pay interest on tax, pay it up front.
5. It would've been mentioned if you negotiated a lease. And it only makes sense, the leasing company (dealer, manufacturer, or third party) still owns the car and has financial interest in it after you use it. They need to know it will be repaired fully and that it won't become a claim liability for you or them if something happens.