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What the hell are you talking about?? (archive)

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Posted by J on October 23, 2000 at 10:28:49:

In Reply to: Just say NO.... posted by Carl B on October 23, 2000 at 10:12:44:

Leases have buyouts just like loans!! They even have a website where you can see what the buyout is for any given month. Although you don't own the car you have the right to decide whether to buy it or not. Even people who buy usually finance which means they are in the same situation as a person leasing. They too have a buyout and don't own it until they write that check. Some of us (like myself) actually negotiated decent lease deals (with 0 down) where the car is worth more than the buyout and would consider selling to make a modest profit. The point is they charge you sales tax twice! It should only be charged to the one who will keep the car! I am sure you buy all your cars in cash and have no payments!! But I rather keep my money in the bank or in investments!! (just a little jab back!)


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