Reply to Tell me about leasing a car?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You have to pay personal property taxes on said car. I had no idea until the huge bill came. Also if you want to hand the car back it will costs you thousands in miles charges unless you never drive the car.

I won't lease again. [/quote]

So much misinformation here.

1) you have to pay taxes on a prorated amount which is the lease amount and NOT the entire value of the brand new car. And of course you should, just like when you buy a car.

2) If you exceed the mileage (usually it's 12,000 per year) you will have to pay per mile for the overage. In my experience, dealerships will work with you if you want to lease another car from them and won't charge you for the overage. Not a guarantee but they'll work with you if they want your business.

I've owned and leased several cars. As a single woman who doesn't know anything about car maintenance and frankly doesn't want to learn, it's worked great for me. I never have to worry about maintenance. Oil changes are usually included and so it basic maintenance like tire rotation. Yes, I know I pay a premium but I would have to pay for those things out of pocket anyway even if I financed the car.

A leased car can appreciate in value. At least my last CRV did. I got $10,000 at the end of the lease because they were is such high demand at the time.[/quote]

PP here. There was zero "misinformation" in my post, about my personal experience.

You sound like a nut. [/quote]

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