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Cars and Transportation
Reply to "Trading up on a lease"
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[quote=Anonymous][quote=Anonymous]You would have to take the same loss if you owned it. [/quote] nope. If you own a vehicle you own a vehicle. when you sell/trade it you are selling/trading it for what its worth or for what you can get for it. yes when you buy a new vehicle you take a hit on the depreciation as soon as you drive it off the lot, but its property that you own and property that you have control over. when you are trying to get out of lease really early, you have no leverage, even going back to the dealer, the paperwork is completely on the side of the dealer and their lawyers. there is no upside. at the end of a lease you owe nothing, but you don't own anything either. you have nothing to show for your years of payments. might as well just rent a car from enterprise... [/quote]
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