Re: Vehicles-leasing vs. buying

Posted by wisbaker on October 01, 2012 at 08:07:31 from (184.157.215.49):

In Reply to: Vehicles-leasing vs. buying posted by Buckeye Oliver collector on September 30, 2012 at 19:55:59:

What Goose said his daughter got in her lease are the major selling points, but overall it's usually going to cost you more money. Of course driving a new car every 2-3 years is going to cost you more money than buying one (new or used) and running it 10-20 years. Yes some dealers will use your lack of knowledge on leasing and your unwillingness to read all the fine print to get more of your money than you have to pay. The house I worked for when selling cars was going through some changes, they went from being the 2nd largest Lincoln-Mercury dealer in the world to being the 2nd largest in the Tampa bay area. A few years before I got there Ford came out with their new Short term Red Carpet Lease (2 Years), a few of our hotshot salesmen somehow managed to roll people into leases and "absorb" the paid-up trade as profit. They were writing deals on $20,000 dollar cars with $6,000 to $10,000 in profit. Unfortunately the chickens came home to roost, people came back after 24 months, all the time they're driving their new lease car they suspect they were taken, at trade time or lease end it becomes obvious, all that equity they were promised wasn't there. Of course since all those hot shot salesmen are now sales managers the reason we can't resell them is because the salesforce is weak, so our former customers go across they bay and buy their cars from what is now the world's largest Lincoln-Mercury dealer. There is a lot of information out there about leases, read it and know what's going on before you lease. Ford billed their RCL lease as fair, one of their intentions was to give the customer a break IF they could be moved to a 2 year trade cycle. Many dealers took advantadge (what do you expect from an industry with a pay structure of $40/ a car and 20% of what you can steal). Ford eventually got sued and lost.

Replies:

• Re: Vehicles-leasing vs. buying Goose 08:41:37 10/01/12 (0)

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