| LEASE WORKSHOP-Verify your deal with current market data and the best
tools!
MATCHMAKER-LeaseSource matches you with the best lease or purchase deal
or the best dealer in your area. LEASING CLASSROOM-Learn from the
best consumer lease guide on the market.
LEASING NEWSROOM--Expert commentary and the latest leasing news.
ESSENTIAL LINKS--Free auto insurance quotes, free long distance service
comparisons and with links to other financially intelligent sites! |
| Resiudal (The _Automotive Leasing Guide_, which is available from Chart
Software for $13.00 or so [(813) 791-4955]. Sometimes you can get this
info from other sources, for instance _Kipplingers_ listed 24 and 48
month ALG features in their 1996 Auto Buying Guide. Your library might
help, too. Note that this residual is what the banks use, not the
automakers. If the lease is factory subsidized one (known as subvented),
then the residual could be anything. Its generally NOT negotiable.
Residuals change for the different lease terms, of course, as cars rarely
age like fine wine :) |
| The Used Car Rule requires dealers to post the Buyers
Guide on all used vehicles, including automobiles, light-duty
vans, and light-duty trucks. Demonstrator cars also must have
Buyers Guides. But Buyers Guides do not have to be posted on
motorcycles and most recreational vehicles. Individuals selling
fewer than six cars a year are not required to post Buyers
Guides. |
| I thought forwarding you this article that was in rec.auto.driving would
help you in your bargain power. Two resources Id like to show are the
WWW addresses for Edmunds Automobile Buyers Guides at http://www.enews.com.
Ive tried it and its packed with great info. Also, there is a financial
WWW page at http://www.financenter.com/resources/. This will help you with
all kinds of calculations. This article is also attached. |
| Nonetheless, auto leasing now accounts for the distribution of more than
one-third of all new cars. Problems with auto leases have been so great that
Jack Norris of the Florida attorney generals office said his state has
recovered millions of dollars for consumers who were defrauded or misled. |
