Leasing demos/CPO's
I recently leased a demo through Audi, and got a great deal. Anybody aware of any other manufacturers that lease their demos or CPO's? Volkswagen perhaps?
Oct 28th, 2019 10:29 am
Oct 28th, 2019 10:32 am
Oct 28th, 2019 11:04 am
Oct 28th, 2019 11:10 am
Oct 28th, 2019 11:34 am
Oct 28th, 2019 11:49 am
Pete_Coach wrote: ↑ Cheaper?
A demo may only have a few miles on it but still pretty new. A lease can be as little as 12 months old.
I get cheaper. But relative terms of a cpo can be 2-3 even 4 years old. And I know that some dealers will lease a cpo car. I'm just not sure if I see what the actual benefit would be. I don't know if I see any pluses with dumping money into a used car that you probably have a lot less chance of keeping and something that is already aged. Exotic car or something I get. Random run of the mill 3/5 series/a4/6/cla ect... ?
Oct 28th, 2019 12:34 pm
Well, I am pretty sure we are not talking about a Corolla or Hyundai Accent:)koffey wrote: ↑ I get cheaper. But relative terms of a cpo can be 2-3 even 4 years old. And I know that some dealers will lease a cpo car. I'm just not sure if I see what the actual benefit would be. I don't know if I see any pluses with dumping money into a used car that you probably have a lot less chance of keeping and something that is already aged. Exotic car or something I get. Random mill of the run 3/5 series/a4/6/cla ect... ?
Oct 28th, 2019 12:41 pm
Oct 28th, 2019 1:43 pm
Oct 28th, 2019 2:11 pm
Oct 28th, 2019 4:50 pm
What's not to get? Leasing is just a financing method. The lower cost of a used car is then used in the lease formula (along with an adjusted residual), so the overall payments are lower. The other advantage of leasing is that you only pay the tax on the amount that you use, vs purchasing or financing, where you pay the entire amount up front. New or used, it doesn't make any difference for a lease.
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