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Old 10-12-2004, 08:15 PM  
Webby
Too lazy to set a custom title
 
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
debbieN:

Quote:
What should I know about leases, I do not fully understand how they will try to screw me.
The whole concept of a lease is a rip, at least for stuff like cars...

(a) You are simply "hiring" a vehicle which you have no "ownership" of.

(b) There is a lot of crap talked about "tax benefits", which for most people, means very little or nothing.

(c) You are probably limited in annual mileage like 12K miles, otherwise penalized.

(d) When the time comes to end the lease and there has been any damage, you can end up with a sustantial bill - yet still have no ownership of the car.

Summary? Leasing is just a sales tool to load folks with whatever the "lastest model" is and get it out of the showroom :-)
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