Reply to Trading up on a lease

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

Not the PP but don't talk with certainty about stuff you have no idea about. Only an idiot would buy a depreciating German vehicle that costs a fortune to fix outside of warranty. Every auto lease agreement has a payoff amount which is between you and the manufacturer's financing arm. If halfway through the lease you liked the car so much you wanted to own it forever you could write a check to the bank and get the title, the originating dealer no longer has anything to do with it. OP would be taking a bath whether he buys the A4 and sells after 24 months or leases and then 24 months in decides he wants out. The dealer likely blew OP off as the type of person who leases an A4 for $399/month is not going to have $12k lying around to upgrade to a more expensive vehicle. [/quote]

don't disagree that yes it would take an idiot to buy a brand new "insert any vehicle name here"  especial something from Europe.

but it takes just as big of an idiot to rent a vehicle and make payments  and not have anything to show for it at the end of the rental agreement (thats what a lease is is more or less, a fancy long term rental agreement)

[b]once you start leasing,  its really hard to get off the train.  since at the end of the lease term  you either turn the vehicle in and start a another lease, or buy out the lease (at usually higher than value of the vehicle.)  now if you are in a sales type job where  were are required by your job to have a car that is no more than 3 years old and youa re getting stipends,  then by all means,  lease.[/b]

[/quote]

This.  Leasing is just signing up to have a car payment for LIFE.  Sure the payment may be less, but you never get rid of it.  You’re also very restricted given you have to get a new lease after 3-4 years OR buyout the lease.

Leasing is for :

1.  People who want to drive a more expensive car than they can afford
2.  People who can write off their car 
3.  People who have crazy amounts of money and really don’t care about renting a car

For a normal person, leasing is a horrible idea.  Everyone I know who leases spends way more than they should.  [/quote]

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