Is $5k down and $400/month good for a 3 yr lease?
#11
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When I financed my car back in Dec. '02 I was offered $1500 down and $350/month for 36 months, on a leased 2004. I'd imagine you could do at least that well.
#12
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I decided to lease mine because I wanted somthing that was brand new and I am about 100% sure that I will get something else in 3 years. I leased an 03 right when the 04's came out and I put zero down (paid title and license and in MN you pay tax with each payment - not upfront) My payment including the 6.5$ sales tax is $390 month for 42 months with 12,000 miles a year. The mileage is fine for me since I store the car for the winter months. I can drive all I want from april - oct and really dont have to worry about the miles.
#14
Originally Posted by spapdx,May 26 2005, 04:20 PM
From the looks of it, that is a horrible lease deal... The residual is set by honda so that doesn't really matter as it is not a variable.
I put 1k down and pay $370/mo on a 4yr lease...
I put 1k down and pay $370/mo on a 4yr lease...
#17
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Anything over $300 a month is to much IMO.
One thing you guys have to remember is that even with a lease you can renegotiate it after your 3 years is up for another 2-4 years. So in actuality you could pay it off and have a much smaller car payment then lets say someone who buys the car outright. But of course there is always a catch.
One thing you guys have to remember is that even with a lease you can renegotiate it after your 3 years is up for another 2-4 years. So in actuality you could pay it off and have a much smaller car payment then lets say someone who buys the car outright. But of course there is always a catch.
#19
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if you total the car the next day, you will be out $5000.
you do not own the car, so the insurance check doesn't go to you. the leasing company will be happy to take the $31,000 check and keep your $5000
you do not own the car, so the insurance check doesn't go to you. the leasing company will be happy to take the $31,000 check and keep your $5000
#20
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Originally Posted by JsAP1,May 26 2005, 12:21 PM
So in actuality you could pay it off and have a much smaller car payment then lets say someone who buys the car outright. But of course there is always a catch.