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Leasing Direct: Official DDMS leasing advertiser, highly recommended. http://www.leasingdirectny.com/

Call: 718-493-0600

Typical Due at signing
$1395 in Lakewood.

MOST LEASES DONT REQUIRE A DOWN PAYMENT, NOT TO BE CONFUSED FOR $ D.A.S.

Reputable Leasing companies:

Swift Autos:     https://swiftautos.net in NY, NJ. 845-293-2888. sruli@swiftautos.net (sruli1234)
Leasing Depot: https://www.leasingdepot.com/ in NY (Crown Heights) very nice and accommodating, great service
Bianchi Honda: http://www.bianchihonda.com/ in PA Great prices, huge selection, and service (CS1)
Driveway Leasing: https://www.drivewayleasing.com/ in NY-NJ (718) 813-3000 ask for Hershy, He'll go above and beyond to satisfy you.

BrightLife Auto Group (Formaly iLeaseAuto) - Passaic, NJ Great Prices and Service (973) 800-8928 Ask for Mayer (MosheD)
The AutoPal Leasing -North Miami Beach, FL -services the entire South Florida Area (786) 303-8457 Ask for Yossi
« Last edited by yossi4k on November 30, 2019, 09:51:44 PM »

Author Topic: Car Lease Master Thread  (Read 406241 times)

Offline avrumy22

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Re: Car Lease Master Thread
« Reply #1260 on: March 22, 2015, 04:16:32 PM »
It's funny that we're having this conversation the same week that Unique is advertising a great deal on the Fusion.
How much?

Offline ushdadude

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Re: Car Lease Master Thread
« Reply #1261 on: March 22, 2015, 04:18:51 PM »
is it crazy to lease a car knowing you'll go over the miles and need to either buy it out or pay the penalty? IE is it cheaper to buy a car initially or after a lease?
If you see something that is 50% off but don't need it, walk away and save yourself 100%

Offline DrDanny

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Re: Car Lease Master Thread
« Reply #1262 on: March 22, 2015, 04:21:09 PM »
is it crazy to lease a car knowing you'll go over the miles and need to either buy it out or pay the penalty?
It's crazy if you don't do the math and add up how much many miles you plan on driving and how much extra is that gonna cost you.
I'm assuming that I'm not really understanding your question because this seems fairly obvious.

Offline ushdadude

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Re: Car Lease Master Thread
« Reply #1263 on: March 22, 2015, 04:35:30 PM »
It's crazy if you don't do the math and add up how much many miles you plan on driving and how much extra is that gonna cost you.
I'm assuming that I'm not really understanding your question because this seems fairly obvious.

i guess the point of the question is that it will be fairly close so is it usually significantly more to buy out a lease than to buy initially?
If you see something that is 50% off but don't need it, walk away and save yourself 100%

Offline semper fi

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Re: Car Lease Master Thread
« Reply #1264 on: March 22, 2015, 05:19:26 PM »
How much?
I don't have it in front of me, I believe it was $169. 

Offline yitzf

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Re: Car Lease Master Thread
« Reply #1265 on: March 22, 2015, 05:44:41 PM »
is it crazy to lease a car knowing you'll go over the miles and need to either buy it out or pay the penalty? IE is it cheaper to buy a car initially or after a lease?

Can you negotiate the buyout price when getting the lease?

Offline joed25

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Re: Car Lease Master Thread
« Reply #1266 on: March 22, 2015, 05:45:12 PM »
My Odyssey is up in July. Should I wait for the 2016 to come out? It looks a lot diff than the current model. Anyone know when it's coming out? I don't see any definite date online.

Offline elik

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Re: Car Lease Master Thread
« Reply #1267 on: March 23, 2015, 03:39:23 PM »
Our Hyundai Elantra 36mo lease is about to come to an end.
We are planning to make aliyah shortly so not in the market for a new lease or new car.
My question is whether to return it (and pay the $400 disposition fee and make good some dings etc) or buy the car and sell it on. The car is in very good condition, needs a bit of cosmetic body work, but only has 8000 miles on the clock.
They want about $13K for the car.

where are you located?

Quote
are you close to a Carmax? 

We're located in Los Angeles.

Offline AI-TRAVEL

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Re: Car Lease Master Thread
« Reply #1268 on: March 23, 2015, 03:56:26 PM »
You can easily negotiate the extra milage if your willing to buy or lease again from that company.

Offline jackofall

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Re: Car Lease Master Thread
« Reply #1269 on: March 23, 2015, 06:40:27 PM »
Can you negotiate the buyout price when getting the lease?
I would assume yes. Just like negotiating a purchase price when buying.
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Offline thaber

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Re: Car Lease Master Thread
« Reply #1270 on: March 23, 2015, 09:14:30 PM »
We're located in Los Angeles.
Go to Carmax near the airport and get a buyout quote and compare it to your payoff.  It's a lot easier to sell to them than return and they handle all the paperwork,  you very possibly might end up ahead

Offline thaber

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Re: Car Lease Master Thread
« Reply #1271 on: March 23, 2015, 09:16:12 PM »
We're located in Los Angeles.
One more point,  if you buy it yourself you'll have to pay sales tax,  a good chunk of change.  If you sell it to Carmax you won't because they are dealers buying from hyundai directly

Offline sruli1234

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Re: Car Lease Master Thread
« Reply #1272 on: March 23, 2015, 10:12:18 PM »
Can you negotiate the buyout price when getting the lease?
Because of the way a lease works, it is not possible to negotiate the buyout price for after the lease.

The buyout amount is the "residual Value" Which is calculated by percentage of the MSRP,

E. G. MSRP is $25,000, the resid is 50%, The buyout would then be $12,500,

The cost of the lease depends on how much you buy the car for, say for example you buy it for $20,000, The price of the lease would be:   

$20,000
-$12,500 (residual value)
+interest
+Tax if applicable
Divide by the number of months.

Offline jackofall

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Re: Car Lease Master Thread
« Reply #1273 on: March 24, 2015, 11:54:13 AM »
Because of the way a lease works, it is not possible to negotiate the buyout price for after the lease.

The buyout amount is the "residual Value" Which is calculated by percentage of the MSRP,

E. G. MSRP is $25,000, the resid is 50%, The buyout would then be $12,500,

The cost of the lease depends on how much you buy the car for, say for example you buy it for $20,000, The price of the lease would be:   

$20,000
-$12,500 (residual value)
+interest
+Tax if applicable
Divide by the number of months.
Question was " when getting the lease" not "after the lease"
If you focus on being a boss, you will never be a leader. Leaders lead people to growth and improvement.

Offline skyguy918

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Re: Car Lease Master Thread
« Reply #1274 on: March 24, 2015, 12:00:38 PM »
Question was " when getting the lease" not "after the lease"
If you're thinking about the buyout price when you leased it in the first place, you probably should be buying/financing in the first place and not messing around with leasing it first.