Re: [OT] we need a new car - Follow uP

["The '84 Scirocco" <scirocco@macslut.org>]

This is EXACTLY the bullshit I ran into at the stealership last night.  The
"salesman" was like, sure trade it in early no proble.  We've never leased
so didnąt know we would be responsible for the rest of the lease.  Found
that out from the finance officer, who wasnąt too happy when we walked out
of her office and went home.

I mean, for 5  years, I might as well BUY the car.


-- 
Greg Coan
'84 Scirocco

scirocco@macslut.org

> From: John Lagnese <jlagnese@cybertours.com>
> Reply-To: jlagnese@cybertours.com
> Date: Tue, 6 Mar 2001 08:22:41 -0600
> To: Kevin Collins <kcollins1@socal.rr.com>
> Cc: Neal Tovsen <sixteen.volt@gte.net>, "'84 Scirocco" <scirocco@macslut.org>,
> vw list <scirocco-l@scirocco.org>
> Subject: Re: [OT] we need a new car - Follow uP
> 
> Usually when you end a lease early you are liable for the balance of the
> remaining
> payments. If you go to a dealership they can add this onto the new lease,
> meaning the
> payments will be higher. On a lease you don't know the price the dealer is
> selling the
> car to the lease company for. This selling price is a factor in the payments.
> The rule
> of thumb is to go to term on a lease, so plan ahead carefully.
> John
> 
> Kevin Collins wrote:
> 
>> Neal Tovsen wrote:
>> 
>>> If there is a chance that you will go over your mileage, DO NOT go for a
>>> lease. If you go over, you will be left with two options. Either pay the
>>> "over-mileage" fees, which are usually obscene, or YOU get to be the one
>>> that buys the car after two years, meaning you take out a loan and buy the
>>> car for whatever the pre-arranged amount was.
>> 
>> Not true, there's a 3rd option - trading the car in, at which point the
>> over-mileage becomes a non-factor, other than in its role in determining
>> the trade-in value of the car.  For instance, I have a Passat on a 36-month,
>> 36k-mile lease.  I'll put 14-15k per year on it, and will probably bail
>> at the 2 year mark.  The lease terms were so favorable that I'll be
>> rightside-
>> up in the thing by the end of the end of the second year - so I'll be able
>> to trade it in and come out even or even slightly ahead.  There will be
>> no excess mileage charge, though if I had racked up some ungodly number
>> of miles, it would obviously affect the car's value downwards.
>> 
>> If you think/know that you'll be in the market for another new car as the
>> lease term is ending, then you're in pretty good shape as long as you're
>> in the general ballpark for mileage, particularly if you're going to be
>> trading towards the same make again (or towards and Audi with a VW, etc.).
>> 
>> --
>> Kevin Collins
>> Huntington Beach, CA
>> '86.5 16V 2.0
>> '00 Passat GLS 1.8T
>> 
>> --
>> Email LIST problems to: scirocco-l-probs@scirocco.org.
>> To unsubscibe send "unsubscribe scirocco-l" in the message to
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> 


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