| Leasing is a good financing alternative that deserves careful
consideration. But you must know what you are doing or you will
most certainly be taken to the cleaners. LeaseTips is a 5-page
primer on auto leasing designed to keep you from getting
ripped-off. LeaseTips covers the following topics: |
| I am a reporter for a major West Coast newspaper looking for people to
interview about their auto leasing experiences, whether good or bad.
Anybody out there ripped off by hidden fees? Anyone get a great deal?
Northern California respondents particularly welcome. Thanks! |
|
I have a question regarding auto leasing. Two years ago, I leased a 98 Jeep
Cherokee SE 2 Dr. in North Carolina through Bancamerica Auto Finance. It was a
4 yr./60K mi. lease. Two years in, I am dying to find any way to break my
lease and purchase another car. Does anyone out there have any experience or
knowledge on how to get out of an auto lease and the types of costs/penalties
associated with it? Any help would be appreciated. Thanks. |
| ResumeId: 1000135574
Position: SALES/FINANCE/AUTO LEASING
City/State/Zip: COLUMBUS, OH 43240
Location: OH
Relocate: Y
Years Exp: 5/10
Salary: Negotiable
Salary Type: YR
Position Type: P |
| Buyer Beware When it Comes to Leasing . . .
Christine had gone to an automobile dealership over the weekend and had
given in to the
pressures of the salesperson. Now here she was on Monday morning wondering
just what
she had gotten herself into.
Christine just leased a new car and she had no idea how much she had
paid for it. The
salesperson told her that the vehicle stickered for $17,900. He gave her a
discount of
$1,000 and a manufacturers rebate of $500. She also put down $1,000 cash.
The
problem . . . she suspected that she actually financed more than $15,400 on
the lease, but
she did not know for sure. All that she knew was that the payment was $306
per month
for 60 months. She called her bank and asked a loan officer how much the
payments
would be on a loan for $15,400 and 60 months. The payment was $317 per
month. With
her suspicions confirmed, she had him calculate a 60 month lease. The
payment came to
$250 per month.
Christines lease contract . |
