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Reply to "Tell me about leasing a car?"
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[quote=Anonymous]Dear OP. There are no universal rules on leasing a vehicle. I think you need to do your research on the specific model, year, length of lease, etc. You can pay more or less at signing and/or be allotted more or less miles per year. The leasing deal sre unique per car. It’s just a formula and you’re just paying depreciation over the years of the lease. So monthly lease price of a $50,000 Toyota would probably be less than that of a $50,000 Jaguar. The Toyota depreciates less and would be worth more after 4 years/48,000 miles. Because I wasn’t sure how long I want to keep the car and a lot of other unknowns, I bought my car cash for $70K. If I want to now, I could sell it back to the dealership now 4 years later for $30k. (The going rate is $45 that they have them listed). I probably could’ve leased it and paid that $40k over the 4 years and would’ve pretty much broken even. [/quote]
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