The Hunt for an Ok Lease Program

DUH what do you think the ballon at the end of the lease is? its what you paid and what you owe after the lease is up or you turn it in and pay over milage of about 10cents a mile for driving over 10 to 12 thousand miles per year for how ever long the lease is for plus wear and tear. leases on a car are for low payments period .who wants to lease a car for three years and turn around and make higher payments for three or four more years to own it

 

It is not a Balloon, a balloon payment is when you have to pay it all up front.. I don't call paying the book value minus what you already paid a balloon payment. I agree making payments after the lease is up is stupid your better off financing it until you own it better. But for some like the in laws they preferred the lease instead...

 

Glossary of Car Leasing Terms

Below are some of the terms you may come across in a car leasing contract.
3 + 23
The number of initial payments payable as a deposit (3) followed by the number of regular payments to be made (23).
Balloon Payment
The final payment of a car leasing agreement that reflects the expected value of the vehicle. A balloon payment should result in lower monthly repayments but in some instances the balloon payment may be greater than the car's value. not try to be a smart ##### its just what its called

 

In this corner we have stanman63 from newalla ok

and in this corner we have doubledragon5 hailing from Lewisville, TXLets come out fighting and lets have a clean fight..

ding,ding,ding

 

let me put a JAB in here...in 2001 i leased a car drove it for two years went in for some service work.....while the service work was being done i looked around the show room ...service manger came around and said it was going to cost me 300 dollars I told him dont worry about it I just traded it in on a brand new car that was a purchase NOT a lease... transaction went smooth no charges for extra miles or anything...

 

LOL that is just to funny.. We all have our difference of opinions, but hey that is what makes us a free society..

 

I never understood why people (like inlaws) would lease a car. Especially when your making the payments, paying insurance, and all the repairs when it falls out of warranty or if you go over the allowed miles you have to pay extra for that, plus any recondition in order for them to resell it..

 

Its great for business write off.And you actually only buy half the vehicle.I had a lease one time.Brand new 3 year lease.Payed for half of it stayed under miles and turned it in..Never do it again.I buy cheap cars.no payments .lol,lol...Very bad investment,vehicles are...Very bad

 

You're going to do what you're going to do, but take some of the advice given here, get a truck from a dealer. When you do the lease purchase thing, the company holds too many of the cards. This is going to be your lifestyle, get as much control of it as you can.
If you're credit is bad, maybe this ain't the time to take the plunge.
I also know there are local companies that pull rail trailers, for example, that don't require a newer truck. That's what I did, when I was an O/O. Made a decent living, home regularly, ran a limited area. Maybe something else to think about.