@Kevincreates77 5. 2 consecutive leases? If the market drops on the first vehicle you can walk away and not incur any market loss. If you finance you will be stuck with a vehicle no one wants. Just one report on 60 Minutes
or a major recall and your toast.
@Kevincreates77 4. Gap is included in most lease contracts. Most people finance vehicles for 72 to 84 months with minimal down payment or carry over negative equity. When will they be in a position that they don’t need Gap?
@Kevincreates77 3. Most captive lessors have a wear and tear allowance sometimes as high as $1000. Again, if you are buying a used car would you pay less if it had the stated wear and tear ?
2. Customer can set how many miles they expect to drive up front. The dealer does not charge for the miles, the lessor does. If your mileage is higher, the value of the vehicle is less. Simple math. The lease residual is set for a certain number of miles. Would you pay the same price for a 30k miles vehicle as a 45k miles? Remember, you are paying for the depreciation, the part you used.