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fin instead of lease (archive)
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Posted by Hagen on November 12, 2000 at 13:44:35:

In Reply to: Trade-in/Lease/Purchase Dilemma... posted by . on November 12, 2000 at 13:20:08:

breaking a lease will kill you in first year. subsequent years will only be 1 month penalty and a gotcha: since they own title to the car, the deaaler will sell it as fast as they usually do. The loss they take is born by you. I broke a lease on a z3 and it cost me $3000 in the second year.

If you fin it, you've basically got a loan, especially with another bank/fin institute. You sell the car promising the new buyer that the lean will be removed (if they believe you) and pay out the loan.

Hagen

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