Issue with going on a longer lease is the vehicle going out of warranty. Which to me doesn't make much sense to have to pay for unexpected out of warranty repairs on something you don't own.
Yeah I recommend the same to family and friends, stick to 3-4 year leases. Most vehicles have the 5 year powertrain warranty which would be the very expensive stuff. Rest have 3-5 years on everything else, depending on make. Either way I don't think the 96 month lease exists, I think OP saw the 96 finance that Ram/Hyundai offer currently for example. I can't see a manufacturer wanting an 8 year old car back on a lease.
Welcome to the world of negative equity. I have not leased a vehicle since 1993 and only did that when I just started a job out of College and didn't want to spend lots of money on a new car. At the time, it was a $320 tax in lease with 0 down for 30 months. I didn't drive the car and ended up purchasing it and selling it at a profit.
How did you receive significant money for returning them before the lease was over? Like you got incentives to upgrade?
Everyone’s financial situation is different. Some might find it crazy that you even own a civic…Thorkell wrote: ↑ Because it appears to be lower, or it adds up to x amount of coffee cups a day, making it "affordable" for the dual income household.
When I look at lease busters, I find it to be pretty crazy how much people pay for their cars alone, with the car payment, insurance, gas and maintenance alone.
I'm going to give my almost paid off Civic a hug. Never going to let you go. I'm glad I did my splurge on my dream car as early as I could in my life, because as I get older, Im becoming more indifferent to cars.
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