Quote:
Originally Posted by Kluch
The dealer doesn't decide whether you buy or lease. YOU do. The dealer negotiates the purchase price of the car with you on behalf of the bank (Ally does most GM leases these days, but you can use any bank you want that does auto leases). The dealer then sells the car to the bank c/o YOU and you make payments. At the end of the lease, the car belongs to the bank not the dealer. Again, the dealer doesn't have any say in whether you buy or lease. In fact, I don't tell them whether I plan to lease until after I negotiate the purchase price. If you have secured an allocation for zl1, I'm sure you can lease it. But depending on its residual value, it may make more sense to buy. The fact that its a chevy will hurt it. My Tahoe monthly payment is almost as much as my V with a 20k difference in price.
A lease makes sense for the reasons already stated and does not make sense for the reasons already stated. If you think leasing doesn't make sense for YOU then it probably doesn't. If you own your own business, the payments on a leased car can often be written off as a business expense to a certain extent.
|
This is a good point... its not always good to lease american cars because of their high depreciation rate. This is why people lease BMW and Benz's because they usually have a high residual value at the end of the lease. In fact alot of american auto makers are phasing out leasing because its simploy not economically pheasable anymore