While tripping merrily through the mail, Jay Hanig was overheard
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 list.
JH> So what does the dealer do with the car after it's turned back in,
JH> assuming the customer has declined purchasing the car after the lease
JH> period is up? Something's wrong here....this makes no sense. Somebody
JH> has to take the hit for the car.
This is why after leasing once I never leased again. The contract called for
a relatively high "buyout" price at the end. After turning the car in, the
dealer sold it off at a much lower price, then sent ME a bill for the
difference!
Don
... The only winner in the War of 1812 was Tchaikowsky.
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* Origin: *YOPS ]I[* 3.1 GIG * RA/FD/FE RADist * Milwaukee, WI (1:154/750)
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