Leasing not for the uneducated
Reading this forum I am truely amazed at the reasons some people use to swear off leasing. Truth be known they probably would have been burnt just as bad on a purchase, or have been, and never realize it.
If you do not know how a lease works you should not be signing a lease contract. And, if you are depending on the dealer to explain it to you, then you are in serious trouble. This is like asking the fox to build a better hen house. Know how a lease works inside and out before going to the dealer and know how to compare a lease to a purchase. I personally look at the cost over the term of the lease not the payment amount each month.
People get burned on leases and purchases because they are not prepared to walk away from a bad deal. Tell a dealer what you want to pay per month and 99% percent of the time that is what you are going to pay, good or bad.
Leasing is for the educated consumer and not someone looking for a affordable payment. Educate yourself, walk away from bad deals, take care of the vehicle, be prepared to stay in the car the full term of the lease, then turn in the car and get a new one!!!
There are to many great sites on the net, like this one, where you can get the information you need and must have before you lease. I have leased both new and used vehicles and leasing has worked well for me.
I'm just new regarding the procedure explained above. I hope, you will continue to post such points in future too.
Great fox/hen reference. Many times people get sticker shock when they see commercials telling them how much a certain lease is per month, not realizing there is the whole negotiating process that's obviously not discussed in the ad (because let's face it, that would be bad marketing). Glad to hear leasing vehicles has been good to you.