TIP: Click on subject to list as thread! ANSI
echo: consumer_report
to: JAY HANIG
from: BILL REYNA
date: 1998-01-06 12:27:00
subject: Lease info

 >  DL> Not only that, but the price used for the car will be list or 
_higher_.
 >  DL> In contrast, most cars that are bought outright are priced below 
st.
 > So what does the dealer do with the car after it's
 > turned back in, assuming the customer has declined
 > purchasing the car after the lease period is up?
 > Something's wrong here....this makes no sense.
 > Somebody has to take the hit for the car.
 [----------^^^^ you said the above ^^^^-----------]
Haha! that's one of the gotcha's in leasing. If it's a hot car then a premium 
is payed but if it isn't then very likely the end cost is easy to settle. The 
main problem after termimating a lease is finding out what the value really 
is excluding wear&tear and outright damage, the leaser has to pay the 
difference of what a final sale would be and that's where a hot car could 
hurt or help in the final sale. If it's real popular the leasee may accept a 
lesser value knowing it would be made-up in a quick sale, otherwise a good 
chunk of that is from the leaser. That's why it's important to know what your 
getting into and one reason I declined this method of having a car to drive. 
While it seemed simple to start it sure got complicated in a hurry. Plus, 
there are some costs not always explained or glossed over that add to the 
final $$$. later -_-_-Bill
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* Origin: Bordertown - Last stop for Ford Tri-Motor Airways (1:234/43)

SOURCE: echomail via exec-pc

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