leasing a car!
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1st Gear
Joined: Jul 2005
Posts: 164
From:
leasing a car!
Im considering leasing a car. I dont know anything about leasing and I have some questions.
1. Can you lease used cars so that its cheaper
2. Is there a down payment when you begin leasing. If yes, how much would it be for like leasing for 6 months for a $20,000 car
3. Were do you get a leased car.. like at a dealership?
4. How much does it cost to say lease a $20,000 new car on average about $220 right?
5. If you get into an accident what happens does insurance cover it?
6. If the car breaks, is the leased car covered by the warrenty?
1. Can you lease used cars so that its cheaper
2. Is there a down payment when you begin leasing. If yes, how much would it be for like leasing for 6 months for a $20,000 car
3. Were do you get a leased car.. like at a dealership?
4. How much does it cost to say lease a $20,000 new car on average about $220 right?
5. If you get into an accident what happens does insurance cover it?
6. If the car breaks, is the leased car covered by the warrenty?
1st Gear
Joined: Oct 2007
Posts: 277
From:
RE: leasing a car!
1. Maybe, ask the dealer
2. Usually.. ask a dealer
3. Yes
4. Don't know, ask ..
5. YOU have to have insurance whether you bought or leased.
6. If it's an item covered under warranty, yes.
To get the best/right answers, go to a dealer, or call them.
2. Usually.. ask a dealer
3. Yes
4. Don't know, ask ..
5. YOU have to have insurance whether you bought or leased.
6. If it's an item covered under warranty, yes.
To get the best/right answers, go to a dealer, or call them.
1st Gear
Joined: Sep 2007
Posts: 40
RE: leasing a car!
I am a dealer, so maybe I can help:
1. Can you lease used cars so that its cheaper
Don't ever do this. Leasing a used car has no benefit at all. As a matter of fact, it will probably be cheaper to lease a new car than a used car.
2. Is there a down payment when you begin leasing. If yes, how much would it be for like leasing for 6 months for a $20,000 car
Down payment is optional just like a purchase. If you put money down, your payment goes down. Figure about $30/mo for every $1,000 down.
3. Were do you get a leased car.. like at a dealership?
Are you talking an off-lease used car? Or a brand new one? If you are talking about leasing a brand new car, then go to your local dealership.
4. How much does it cost to say lease a $20,000 new car on average about $220 right?
No. Your payment will depend on what the residual value is. Residual value is how much the vehicle is worth at the end of your lease. Take your selling price minus residual value and divide by termthat is your payment (not including taxes, interest, money down, etc).
5. If you get into an accident what happens does insurance cover it?
Yes, you have to carry your own insurance when leasing a vehicle. And it has to be full coverage, not just liability.
6. If the car breaks, is the leased car covered by the warrenty?
If the vehicle has warranty left, yes.Service departments don't know if you are leasing the vehicle, making traditional payments, or paid cash. Don't really care either.
1. Can you lease used cars so that its cheaper
Don't ever do this. Leasing a used car has no benefit at all. As a matter of fact, it will probably be cheaper to lease a new car than a used car.
2. Is there a down payment when you begin leasing. If yes, how much would it be for like leasing for 6 months for a $20,000 car
Down payment is optional just like a purchase. If you put money down, your payment goes down. Figure about $30/mo for every $1,000 down.
3. Were do you get a leased car.. like at a dealership?
Are you talking an off-lease used car? Or a brand new one? If you are talking about leasing a brand new car, then go to your local dealership.
4. How much does it cost to say lease a $20,000 new car on average about $220 right?
No. Your payment will depend on what the residual value is. Residual value is how much the vehicle is worth at the end of your lease. Take your selling price minus residual value and divide by termthat is your payment (not including taxes, interest, money down, etc).
5. If you get into an accident what happens does insurance cover it?
Yes, you have to carry your own insurance when leasing a vehicle. And it has to be full coverage, not just liability.
6. If the car breaks, is the leased car covered by the warrenty?
If the vehicle has warranty left, yes.Service departments don't know if you are leasing the vehicle, making traditional payments, or paid cash. Don't really care either.
1st Gear
Joined: Jan 2017
Posts: 6
From: Orange County California
Im considering leasing a car. I dont know anything about leasing and I have some questions.
1. Can you lease used cars so that its cheaper
2. Is there a down payment when you begin leasing. If yes, how much would it be for like leasing for 6 months for a $20,000 car
3. Were do you get a leased car.. like at a dealership?
4. How much does it cost to say lease a $20,000 new car on average about $220 right?
5. If you get into an accident what happens does insurance cover it?
6. If the car breaks, is the leased car covered by the warrenty?
1. Can you lease used cars so that its cheaper
2. Is there a down payment when you begin leasing. If yes, how much would it be for like leasing for 6 months for a $20,000 car
3. Were do you get a leased car.. like at a dealership?
4. How much does it cost to say lease a $20,000 new car on average about $220 right?
5. If you get into an accident what happens does insurance cover it?
6. If the car breaks, is the leased car covered by the warrenty?
2. Yes, depend on the car leased and referring you to a leasing company - DSRleasingdotcom
3. Yes
4. Let the dealer calculate for you not those typical people who only have ideas but get the answer to the expert.
5. Insurance
6. Include it on the insurance.
1st Gear
Joined: Jan 2017
Posts: 6
From: Orange County California
1. Definitely yes!
2. Yes, depend on the car leased and referring you to a leasing company - DSRleasingdotcom
3. Yes
4. Let the dealer calculate for you, not to those typical people who only have ideas but get the answer to the expert.
5. Insurance
6. Include it on the insurance.
2. Yes, depend on the car leased and referring you to a leasing company - DSRleasingdotcom
3. Yes
4. Let the dealer calculate for you, not to those typical people who only have ideas but get the answer to the expert.
5. Insurance
6. Include it on the insurance.
1st Gear
Joined: Jan 2017
Posts: 13
From: Houston
Im considering leasing a car. I dont know anything about leasing and I have some questions.
1. Can you lease used cars so that its cheaper
2. Is there a down payment when you begin leasing. If yes, how much would it be for like leasing for 6 months for a $20,000 car
3. Were do you get a leased car.. like at a dealership?
4. How much does it cost to say lease a $20,000 new car on average about $220 right?
5. If you get into an accident what happens does insurance cover it?
6. If the car breaks, is the leased car covered by the warrenty?
1. Can you lease used cars so that its cheaper
2. Is there a down payment when you begin leasing. If yes, how much would it be for like leasing for 6 months for a $20,000 car
3. Were do you get a leased car.. like at a dealership?
4. How much does it cost to say lease a $20,000 new car on average about $220 right?
5. If you get into an accident what happens does insurance cover it?
6. If the car breaks, is the leased car covered by the warrenty?
2. Yes sure, but ask a dealer for this information
3. You can check DSR Leasing http://dsrleasing.com/ I checked their website and they have super deals.
4. Ask this question also to your dealer
5. You are obliged to have an insurancer either you lease it or you buy it
6. If it's under warranty yes
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