Has anyone leased a car for two or three years and purchased it at the end of the lease?
I have a three-year lease on a Honda Accord but I usually turn it in at the end of two years and continue leasing. I have a 12,000 mile lease for the lease terms but I'm averaging 16,000 per year now. I used to just turn the car in after two years and continue leasing but I'm thinking that buying this car may be a good option. It only has 6900 miles on it now and it's a 2015. Would it be wise to buy the car in another year or so?
I have a three-year lease on a Honda Accord but I usually turn it in at the end of two years and continue leasing. I have a 12,000 mile lease for the lease terms but I'm averaging 16,000 per year now. I used to just turn the car in after two years and continue leasing but I'm thinking that buying this car may be a good option. It only has 6900 miles on it now and it's a 2015. Would it be wise to buy the car in another year or so? If you are under-miles on your car, it will have equity value that you would not want to simply hand over to the lease company at lease-end. If you find that to be the case, you should buy the car and recover your equity profit by either selling/trading the car, or by keeping it and continuing to drive it. If you like the car and would keep it for the following 4 years or so then it maybe good to buy it if the price written on the lease agreement is good to you. It's an expensive way to go. Better to buy it outright from new.
If you like the car and would keep it for the following 4 years or so then it maybe good to buy it if the price written on the lease agreement is good to you.
It's an expensive way to go. Better to buy it outright from new.
- Will a car dealership work with me if I'm gonna lease a new car, while trading in the car I have, which has an outstanding loan against it? The car I have now has a loan against it which is worth more than the trade in value of the car by about $5000. If me and a family member were BOTH looking to lease a new car (so 2 new cars), does anyone know if a dealership will be working to work with me in any way? Also the cars looking to be leased are not high end or luxury cars, they d be coming from a dealership like Honda, Toyota, or Subaru.
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- Do leasing companies check your mileage every year or just st the end of the lease term? I was thinking about leasing a new Honda, but they only want to give me 12,000 miles per year. Is that the kind of thing they check every year or can I get away with driving more one year, as long as I keep my mileage low the next year?
- Is it ok to lease one care return it then go to another dealership to lease another car? My lease on my Honda Civic is over in one year. I want to lease a Chevy Cruze next. Does this happen often?