Does this leasing term sound like a good deal?

dudafunk · 12-07-2009, 03:59 PM

Unfortunately I am considering leasing because I might be leaving the country in 2 years. I can put a big down payment and purchase it too - but when there's a high probability that I will want to get rid of it in 2 years from now, shouldn't I lease it and therefor have cash access ($10,000) that would otherwise go towards my down payment if I buy?

Please suggest if in my case it would be wise to lease knowing leasing is a bad idea

(I am not worried about mileage limits - this will not be my daily).

dad · 12-07-2009, 04:11 PM

How Car Leasing Works. What Auto Dealers and Lease Companies Don't Want You to Know!

Five myths on leasing a car:
http://www.kiplinger.com/guides/cars/

ChrisSlicks · 12-07-2009, 08:48 PM

Quote:

Originally Posted by dudafunk

Unfortunately I am considering leasing because I might be leaving the country in 2 years. I can put a big down payment and purchase it too - but when there's a high probability that I will want to get rid of it in 2 years from now, shouldn't I lease it and therefor have cash access ($10,000) that would otherwise go towards my down payment if I buy?

Please suggest if in my case it would be wise to lease knowing leasing is a bad idea

(I am not worried about mileage limits - this will not be my daily).

You're going to get killed on early lease termination fees. You'll pay more for the lease either way, although it's more convenient.

12-07-2009, 04:11 PM	#2 (permalink)
dad Grand Prix of Endurance Join Date: Nov 2008 Location: Tennessee Posts: 3,476 Drives: Mulsanne Straight Rep Power: 27	How Car Leasing Works. What Auto Dealers and Lease Companies Don't Want You to Know! Five myths on leasing a car: http://www.kiplinger.com/guides/cars/ Last edited by dad; 12-07-2009 at 04:13 PM.

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12-07-2009, 03:59 PM	#1 (permalink)
dudafunk Enthusiast Member Join Date: Nov 2009 Location: Long Island, NY Posts: 421 Drives: '09 370z Base Red AT Rep Power: 17	Unfortunately I am considering leasing because I might be leaving the country in 2 years. I can put a big down payment and purchase it too - but when there's a high probability that I will want to get rid of it in 2 years from now, shouldn't I lease it and therefor have cash access ($10,000) that would otherwise go towards my down payment if I buy? Please suggest if in my case it would be wise to lease knowing leasing is a bad idea (I am not worried about mileage limits - this will not be my daily).