Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Are you shopping for a new car and having a hard time finding what you want or did you recently buy a car but had to settle for something different than what you originally wanted? A reporter wants to speak with you; please reach out to [email protected] by 10/22 for more info.

Dissecting the Deal - How To Spot a Good Lease

Edmunds.comEdmunds.com Posts: 10,125
edited September 2014 in General

imageDissecting the Deal - How To Spot a Good Lease

Edmunds.com helps you dissect the details of a Car Lease to make sure you're getting the best deal.

Read the full story here


Tagged:

Comments

  • RE: Milage Limits...

    I realize these numbers are to be taken hypothetically but you say that a $0.20/mi penalty of 5k mi/yr at 3 years cost an additional $3k so you'd opt to raise your milage allotment by 5k mi per year for an added $103/mo payment. The problem is that after 36mo you'd be adding $3708.00 to the total cost with no guarantee that you even use all those extra miles you already paid for. If somehow you used exactly 5k mi a year more than your 10k mi/yr allotment then at $708.00 less total cost the milage penalty would be the better option. Right?
  • nevermind... re-reading the article I realized that the $103 is an accumulative adder after already reducing the down payment to zero.

    So actually the 5k/yr miles cost $30/mo for a total of $1080 versus the $3000 penalty; a $1920 savings.

    Got it.
Sign In or Register to comment.