Originally Posted by optyks
Just curious, but why would you lease a car?
Offtopic for this threaed but Very BRIEFLY: Bec, I am finance guru and know what I am doing. I don't ever keep a car more than 3 years and keep my cars in new condition. If you do your lease the right way, you only pay for the car's depreciation.
Car was $30K when new plus tax = $33K
Total Lease payments: $12K
Dealer is offering me $20K to take the car back..... meaning $3K cash back to me.
Total Cost of ownership: $9K in 3 years...... that is normal depreciation.
And you don't pay the 10% tax we have in WA when you lease a car.
Plus you are protected if the car is a lemon, if you are in an accident (bad car fax report and further depreciation).
But it is not for everyone especially if you don't know what you are doing. You always have an option to sell a leased car yourself or trade it in if you think you can get more money out of it and never deal with the dealer. I have never turned in a leased car so far and will most likely sell this one more than $20K.