I did it once, never again.
The car depreciates faster than your payments pay down the lease. I ended up paying another 8k at the end.
Save yourself some grief/$$$ and buy a 2-3 year old model.
I'm in the metro Detroit area and my neighbor recently turned in her Mercury Millan at the end of her lease and was given a Lincoln MKS, 2 year lease, 10k per year, for $300 per month and no down payment...........
I'm also looking at a 2013 Buick Regal Turbo being offered for $249 per month, 10k per year and -0- down........This lease amount, by the way, is consistant with an online payment calculator whereas the Honda lease was not.......
It was only good if you owned your business.
No longer a good idea.
Free country.
“I did it once, never again.
The car depreciates faster than your payments pay down the lease. I ended up paying another 8k at the end.”
What? That’s not right. The good thing about a lease is you don’t have to worry about depreciation. Unless you had an open end lease that are no longer in existence. Closed end leases have a “guaranteed future value” the residual that the lease co. is responsible for.