luxury cars value image
Dmazillion
I have a 2003 Toyota 4runner that will be paid off in three months. I'd like to trade it in and lease a luxury car. Would the value of my car be deducted from the lease payments or the money do at signing? How does this work?
Answer
yes you can trade in a car for a new car.
Leasing is just a form of purchasing/renting
When you lease a car, they can apply the trade value to the amount of the car.
Due at signing is just a term of the lease... it's up to the dealer to apply that to the due at signing or apply it towards the principal of the loan and adjust your monthly payments accordingly.
Keep in mind, when leasing a car, you pay tax on the car at signing as though you are purchasing it, and then you also pay tax on the interest of every payment that you make.... so it's a more expensive option than buying a car outright. It just looks attractive because a dealer is selling you half of a car...
Also look at the terms to make sure that you will fall within the expected Mileage allowance of the lease terms, going over can be very costly. If you like having freedom with your car and using it how you see fit, then leasing might not be a good option for you.
yes you can trade in a car for a new car.
Leasing is just a form of purchasing/renting
When you lease a car, they can apply the trade value to the amount of the car.
Due at signing is just a term of the lease... it's up to the dealer to apply that to the due at signing or apply it towards the principal of the loan and adjust your monthly payments accordingly.
Keep in mind, when leasing a car, you pay tax on the car at signing as though you are purchasing it, and then you also pay tax on the interest of every payment that you make.... so it's a more expensive option than buying a car outright. It just looks attractive because a dealer is selling you half of a car...
Also look at the terms to make sure that you will fall within the expected Mileage allowance of the lease terms, going over can be very costly. If you like having freedom with your car and using it how you see fit, then leasing might not be a good option for you.
What is the best used luxury car to buy?
spencermur
I want the best of luxury, gas mileage and dependability. What kind of luxury car could I buy for around the $6,000-$10,000 range?
Answer
Lexus is the best, but with something like Acura or Infiniti you will be able to buy something newwer with lower miles because their value drops alot faster then Lexus which is good for people like you that are buying used.
Lexus is the best, but with something like Acura or Infiniti you will be able to buy something newwer with lower miles because their value drops alot faster then Lexus which is good for people like you that are buying used.
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