All_In 0 Posted December 21, 2005 Share Posted December 21, 2005 i was wondering if anyone could offer some advice/help..my lease comes due in feb...i want to finance my car so that i will be paying monthly for it till it' mine..it's a GM car.the dealer said that i need to have an emissions test and have the car certified.why would i need to have it cert.? i am buying it afterall, not them...and as far as certs. go, if my parking brake light stays on (dash), or the window doesn't roll down, would that prevent it from being certified?thanks. Link to post Share on other sites
Rybo 0 Posted December 21, 2005 Share Posted December 21, 2005 Not a clue. I dont mean to flame...but leasing is for suckers Link to post Share on other sites
All_In 0 Posted December 21, 2005 Author Share Posted December 21, 2005 Not a clue. I dont mean to flame...but leasing is for suckerswhy? i had a .9% interest rate for 4 yrs.i also put 0 down, and my payments were very low, which i needed at the time. Link to post Share on other sites
Rybo 0 Posted December 21, 2005 Share Posted December 21, 2005 Right but you have to give the car back. .9% is great, but you built up no equity. I guess if you got REALLY low payments it might be worth it but you'd be missing out on making payments on a vehicle that you would OWN. Plus it helps with credit to own a vehicle and all that good stuff Link to post Share on other sites
Shimmering Wang 1 Posted December 22, 2005 Share Posted December 22, 2005 Right but you have to give the car back. .9% is great, but you built up no equity. I guess if you got REALLY low payments it might be worth it but you'd be missing out on making payments on a vehicle that you would OWN. Plus it helps with credit to own a vehicle and all that good stuffWhen you lease a car, you're paying for the depreciation of the vehicle's value... if you get a good lease-rate, your low payments might actually be lower than the value the car loses.Generally, leases aren't nearly as bad a deal as people think they are. The way these things are accounted for can be complicated, but if it really WERE a huge ripoff, I don't think so many people would be making the mistakeWang Link to post Share on other sites
mbreon 0 Posted December 22, 2005 Share Posted December 22, 2005 but if it really WERE a huge ripoff, I don't think so many people would be making the mistakeWangPeople pump millions into slot machines every day. Link to post Share on other sites
evesixer 0 Posted December 22, 2005 Share Posted December 22, 2005 When you lease a car, you're paying for the depreciation of the vehicle's value... if you get a good lease-rate, your low payments might actually be lower than the value the car loses.Generally, leases aren't nearly as bad a deal as people think they are. The way these things are accounted for can be complicated, but if it really WERE a huge ripoff, I don't think so many people would be making the mistakeWangLeasing is just fine unless you go over the mileage. which is what i did. which is why i paid 3,000 extra on my new car loan for my new car. which is why i will never lease again. I highly recommend it if you do not drive a lot. if you do, it sucks. Link to post Share on other sites
HtotheNootch 0 Posted December 22, 2005 Share Posted December 22, 2005 All I know is that I've done way good on my lease/buyback on my Z3. Link to post Share on other sites
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