> 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)
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