Lease Renewal

Thread Tools
 
Search this Thread
 
Old May 26, 2003 | 11:48 AM
  #1  
sweetride01's Avatar
Thread Starter
I like to mod teh Bimmer
 
Joined: Apr 2003
Posts: 307
Likes: 0
From: Tampa = Tampon
Lease Renewal

Do you think that after a year or two Acura/Honda would put you into a new car of the same type with a new lease for the same amt a month for just startup costs?
Reply
Old May 26, 2003 | 03:24 PM
  #2  
CarDumb's Avatar
Advanced
 
Joined: May 2003
Posts: 67
Likes: 0
From: Hamilton, Ontario
Because of the depreciation, I doubt it. The stuff I've read is that it's generally not economical to get out of a lease until about 2/3 of the lease period is over. The car loses a lot more value during the first 2 years as compared to the latter years. A 3-4 year lease is a lot cheaper because you're spreading out the high depreciation cost of the first couple of years over 3-4 years. If the dealer took back your car after only 1 year, you wouldn't have paid for that year's depreciation, and the dealer probably couldn't re-lease that year-old car for the same price as a new car (which they'd have to do to recover their costs). The dealer where I went said they often have people getting out of 4 year leases after 3-3 1/2 years, but that's it's usually not feasible to do it before then.
Reply
Old May 27, 2003 | 11:16 AM
  #3  
VTEC Animal's Avatar
Burning Brakes
 
Joined: Oct 2000
Posts: 818
Likes: 0
From: Fresno, CA
My understanding is that once you are about 1/2 way through the lease the value of your car should be very close to what your buyoff is.......
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
CarlosILX13
ILX Performance Parts & Modifications
14
Jul 11, 2016 11:07 AM
08_UA7_Gr33k
Member Cars for Sale
13
Feb 11, 2016 02:17 PM
lanechanger
Member Cars for Sale
4
Oct 13, 2015 10:56 AM
jmaxima03
Member Cars for Sale
1
Sep 27, 2015 10:22 AM




All times are GMT -5. The time now is 10:53 AM.