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Reply #15


Response to liberal N proud (Original post)

Sun Jan 8, 2012, 07:29 AM

15. Why do people lease used cars?

First off, what the car dealership is doing is terrible by preying off of people in this manner and they need to be punished if they're breaking the law. But secondly, what the heck was this person thinking?

Did the person in this article really need this specific 2008 Jeep Patriot to get to work? I mean $124/wk ($537/mo) over three years will buy you a brand new vehicle. So, why do that to yourself? I would hope that even with bad credit, this buyer would be able to finance the purchase of a cheap $5k car and pay it off over a year or so. (12 month loan for $5650 at the ridiculous state max of 25% APR is $537/mo.) That would be lot better than putting $6500 a year into a lease. If that's the amount you're paying for a lease, you should be in a brand new BMW.

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Arrow 17 replies Author Time Post
liberal N proud Jan 2012 OP
FreakinDJ Jan 2012 #1
Reader Rabbit Jan 2012 #2
MH1 Jan 2012 #3
MedicalAdmin Jan 2012 #4
Romulox Jan 2012 #6
Scuba Jan 2012 #11
zbdent Jan 2012 #7
liberal N proud Jan 2012 #9
Fumesucker Jan 2012 #12
Romulox Jan 2012 #5
Fumesucker Jan 2012 #13
NightTemplar Jan 2012 #8
Art_from_Ark Jan 2012 #14
ProgressiveEconomist Jan 2012 #10
LineNew Reply Why do people lease used cars?
high density Jan 2012 #15
liberal N proud Jan 2012 #16
OriginalGeek Jan 2012 #17
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