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How popular is car leasing?
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vincenthill
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#1
Hey friends,
Please tell me how popular is car leasing as I am confused about leasing the car or buying a new one?
Please tell me how popular is car leasing as I am confused about leasing the car or buying a new one?
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IntriguedUser
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Alfissti
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#3
Less popular among private retail buyers, more popular among corporate fleet buyers.
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vincenthill
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#4
Can you tell me which is the most reliable car that I can lease? I have heard that for maximum 3 year we can lease the car. Is it true? The contract continues or we have to follow some different procedure after 3 years for these?
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MD2014
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#5
You are normally given the option to buy at the end of the lease or trade in for another car and begin another lease term.
The only problem with a lease is the mileage. If you go beyond a certain amount in a year that is stated in the lease terms (12000 for example) you will be charged per mile beyond that. Which can start to get pretty expensive, pretty quick if you are using the car often.
The only problem with a lease is the mileage. If you go beyond a certain amount in a year that is stated in the lease terms (12000 for example) you will be charged per mile beyond that. Which can start to get pretty expensive, pretty quick if you are using the car often.
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Alfissti
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#6
(Original post by vincenthill)
Can you tell me which is the most reliable car that I can lease? I have heard that for maximum 3 year we can lease the car. Is it true? The contract continues or we have to follow some different procedure after 3 years for these?
Can you tell me which is the most reliable car that I can lease? I have heard that for maximum 3 year we can lease the car. Is it true? The contract continues or we have to follow some different procedure after 3 years for these?
This is a good article to read and consider when thinking of leasing a car especially if you are a private buyer, it is a different story if you are a business user where the lease payments does make a difference for tax purposes.
Generally the best and most reliable cars in the market tend to have very strong residual values therefore it is usually cheaper to buy such cars rather than to lease it,
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vincenthill
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#7
Thank you so much for providing me the link to read the article but is it worth to lease the car rather than buying? Because first of all we get the long term warranty, secondly there is no kinda of tension to pay for repairing and maintenance of the car. Also I can enjoy new car every 3 years. I am not telling that I don't want to but the car but these are just my views which I am sharing with you all guys. You can make me clear if I am wrong over here.
Also what about sales tax? Does I need to pay sales tax only on the portion of the car I finance?
Also what about sales tax? Does I need to pay sales tax only on the portion of the car I finance?
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Alfissti
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#8
(Original post by vincenthill)
Thank you so much for providing me the link to read the article but is it worth to lease the car rather than buying?
Thank you so much for providing me the link to read the article but is it worth to lease the car rather than buying?
(Original post by vincenthill)
Because first of all we get the long term warranty,
Because first of all we get the long term warranty,
(Original post by vincenthill)
secondly there is no kinda of tension to pay for repairing and maintenance of the car.
secondly there is no kinda of tension to pay for repairing and maintenance of the car.
(Original post by vincenthill)
Also I can enjoy new car every 3 years. I am not telling that I don't want to but the car but these are just my views which I am sharing with you all guys.
Also I can enjoy new car every 3 years. I am not telling that I don't want to but the car but these are just my views which I am sharing with you all guys.
(Original post by vincenthill)
Also what about sales tax? Does I need to pay sales tax only on the portion of the car I finance?
Also what about sales tax? Does I need to pay sales tax only on the portion of the car I finance?
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vincenthill
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#9
Wow Alfisti,
You have provided me great information on car leasing. I would definitely take your points and information into consideration.
Thank you.
Cheers.
You have provided me great information on car leasing. I would definitely take your points and information into consideration.
Thank you.
Cheers.
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tehFrance
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#10
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#10
(Original post by vincenthill)
Hey friends,
Please tell me how popular is car leasing as I am confused about leasing the car or buying a new one?
Hey friends,
Please tell me how popular is car leasing as I am confused about leasing the car or buying a new one?
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JC.
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#11
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#11
If a car is less than 3 years old, there's a 95% chance that it's finances somehow.
Cash buyers of new cars are incredibly rare.
If a car is 5 years old, there's again a reasonably strong chance it's on finance.
Cash buyers of new cars are incredibly rare.
If a car is 5 years old, there's again a reasonably strong chance it's on finance.
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