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Asked: Feb 11, 2008 - 04:55 PM

Status: Closed

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arens

more info for leasing answer requested

Appreciate the answer. It will cost 42oo for early lease termination and a few hundred $$ for excess mileage now. No, I don't need to borrow $ for early term. The lease runs another 15 months @540 p/month and 20k excess miles figured through term of lease. That's how I got 11k+. Lease WAS a poor decision.

In Buying & Selling > Car Leasing
3 answers - 199 days ago

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sandman235

Date: Feb 11, 2008
Time: 09:55 PM

Ok, that makes it a little easier, 4500 and replace the car verses 1100. The difference is 6500 for 15 months of usage of this vehicle. You can get a very dependable car for less than that and at the end of the 15 months, you still have a car that is worth close to what you paid for it. I would get out IF you don't have to finance the used car you are replacing the leased car with.

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madmanmoo

Date: Feb 12, 2008
Time: 11:05 AM

I would suggest purchasing the lease at the end of term. As long as it isn't completely out of whack with real value. Tough call though. It almost ffeels like you're throwing the money away.

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qbrozen

Date: Feb 12, 2008
Time: 04:28 PM

oops. didn't see this post till now. you can read my response in the original thread.

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