My grandparents leased a car. The two things that they learned the hard way was 1)make sure that you watch your mileage so you don't have to pay a ton of penalties at the end of the lease and 2)make sure you take it in for ALL of the service dates because if you miss even one, you have violated your part of the contract. And the other thing I have been told is to carefully check on lump sum payments/penalties at the end of the lease. Apparently, several people thought it would just be there normal monthly payment and then turn in the car but then they found out about the lump sum payment at the end.
All of the people who I know that have leased a car said they wouldn't do it again. In fact, my grandparents bought a new car in their 70s rather than lease another one.
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cadfael
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Date: 2004-03-01 07:39 pm (UTC)All of the people who I know that have leased a car said they wouldn't do it again. In fact, my grandparents bought a new car in their 70s rather than lease another one.