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Leasing and buying at the end of the term...

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Old Dec 23, 2007 | 11:49 PM
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nwryuber
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Leasing and buying at the end of the term...

if you lease, and then buy at the end of the term, then aren't you getting a good deal?

its only if you lease and then dont buy, that you're getting ripped?
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Old Dec 24, 2007 | 12:25 AM
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iko
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You can usually buy a used vehicle for better numbers than buying out your lease. One of the main reasons is because residuals are much higher from the manufacturer than from a bank.

As for your other comment about getting ripped, it's all a matter of perspective. With a lease you are renting. Your cost is fixed and for business owners you can write off your entire payment. You can also get more car for your money. Buying is good for those who will drive it into the ground, will keep it for a while after you've paid off the loan, or who are concerned with pride of ownership (which includes mods, etc).
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