RedlightG20 Posted January 7, 2009 Share Posted January 7, 2009 I'm thinking about getting a second car, maybe a mid-sized or smaller SUV. My current car is an '07 BMW Z4, and I'd like to keep the miles down on it and garage it when possible. I think something with a little more room will work well. Ford has a used-car leasing program. I own the BMW outright so I don't know much about leasing. I know there have been threads on the buy vs lease debate, but I'm really set on leasing for the cheaper payments, and I don't care about owning it. Mileage shouldn't be a problem if I'm splitting between two vehicles. Has anyone had experience with taking over leases, or working with Ford and their used car leasing program? Link to comment Share on other sites More sharing options...
DeanCollins Posted January 7, 2009 Share Posted January 7, 2009 Leasing cars is usually business or liability related. For the tax write off or for wealthy individuals or corporations to shield themselves from lawsuits do to accidents (the leasing company gets sued). If the car that you're going to lease, has a high depreciation rate (goes down in value quickly) than leasing might make sense, but cars that hold their value well, it's probably "cheaper to keep her" and have equity in the car. Try and do the math on what the car might be worth at the end of the lease and compare by subtracting the equity of the car (at the end of paying for it) from the total of payments for buying the car and comparing that loss to the amount that the lease would cost over the same period of time of the loan. One savings will be less sales tax on the lease as you're not paying for the whole car. Link to comment Share on other sites More sharing options...
Kosher Ham Posted January 7, 2009 Share Posted January 7, 2009 Better off just buying a used car than leasing a used car. Link to comment Share on other sites More sharing options...
roger waters Posted January 7, 2009 Share Posted January 7, 2009 It can be alright for a short term and if you know you wont want to get out of it early. It is very difficult w/o coughing up alot of cash to get out of a lease early. Link to comment Share on other sites More sharing options...
MintHillSkinsFan Posted January 7, 2009 Share Posted January 7, 2009 I leased a used Lexus. It only had 9k miles on it when I got it and I could not have afforded to buy it so leasing worked out really well for me. I loved that car. And of course Lexus certifies their "pre-owned" cars so you don't have to worry about mechanical issues. Link to comment Share on other sites More sharing options...
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