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SVTPerformance's Chain of Restaurants
Road Side Pub
leasing a car
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<blockquote data-quote="crazy4life" data-source="post: 16374037" data-attributes="member: 92214"><p>Do not put any money down on a lease. The monthly payment will be higher but you could lose every penny in the case of a total loss. Put 3000 down on a lease and my kid totaled the car in 3 months with 1200 miles on it. Since the car is not yours and is owned by the leasing company, your insurance company negotiates with them and not you. Goodbye 3000 dollars. Had a neighbor trade his car worth 8000 and same thing happened to him. Totaled car and not a word from the insurance company because he does not own the car the leasing company does. I still lease vehicles but will not put 1 penny down on them. See many leases advertised for 200 a month for 24 months with 2500 down. Same lease is 305 a month with no money down. Also in PA the advertised price does not include the tax. You will pay 9% tax on the vehicle. This is basically a tax on the rental fee on the vehicle. A 200 a month advertised lease is really 218 once the monthly tax is added.</p></blockquote><p></p>
[QUOTE="crazy4life, post: 16374037, member: 92214"] Do not put any money down on a lease. The monthly payment will be higher but you could lose every penny in the case of a total loss. Put 3000 down on a lease and my kid totaled the car in 3 months with 1200 miles on it. Since the car is not yours and is owned by the leasing company, your insurance company negotiates with them and not you. Goodbye 3000 dollars. Had a neighbor trade his car worth 8000 and same thing happened to him. Totaled car and not a word from the insurance company because he does not own the car the leasing company does. I still lease vehicles but will not put 1 penny down on them. See many leases advertised for 200 a month for 24 months with 2500 down. Same lease is 305 a month with no money down. Also in PA the advertised price does not include the tax. You will pay 9% tax on the vehicle. This is basically a tax on the rental fee on the vehicle. A 200 a month advertised lease is really 218 once the monthly tax is added. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
leasing a car
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