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Ask me anything about car leasing

^     All messages            594-609 of 609  578-593 >>
609
Bob
02-09-2020
05:59 PM ET (US)
How does increasing lease mileage affected the 1% rule?
608
JimM
12-21-2019
12:27 AM ET (US)
Markus: I have been nearly scammed by a Kia dealer. I was all ready to lease a 2020 Optima hybrid plugin (gets you into HOV lanes in CA) when I thawed my credit. To my surprise, there was "NO REPORT." I have been paying cash for anything I want and paid off my last house in 2004. I have two credit cards that I pay off each month but since I have not "borrowed" any money ... I have no credit rating/report. That prompted the dealer to offer me a "prepaid lease" where I upfront all the lease payments in exchange for developing a credit rating again. The MSRP is $36K, payments $463/mo (includes taxes, $7.7K in lease incentives, $0 down) for 36 mos = $16,638; residual $18K, 36K miles. According to your 1% rule, this would be a bad deal = 1.29% I do get a possible State rebate of $1K, county rebate of $1K separately. Taxes on the residual will be about 8% = $1.24K. I would love to use your system but without any credit rating/score ... Any help here? JimM
Edited 12-21-2019 12:31 AM
607
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09-29-2019
03:27 AM ET (US)
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09-28-2019
12:21 PM ET (US)
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09-25-2019
09:04 AM ET (US)
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Edited 09-25-2019 09:05 AM
604
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09-10-2019
10:19 PM ET (US)
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603
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08-28-2019
09:37 PM ET (US)
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Edited 08-28-2019 09:37 PM
602
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08-26-2019
03:10 PM ET (US)
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08-25-2019
10:52 AM ET (US)
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600
Markus AllenPerson was signed in when posted
08-12-2019
07:36 PM ET (US)
I no longer link to this site, Jordan.

- markus
599
Jordan
08-12-2019
07:34 PM ET (US)
WHy did all the traffic die down on this site?
598
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08-09-2019
03:57 PM ET (US)
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597
Markus AllenPerson was signed in when posted
06-02-2019
11:22 AM ET (US)
Hey hey Manny,

I would not worry about your cracked screen at all... because you can probably flip your end-of-lease CRV for a profit - even with your cracked screen.

Read this:
https://www.leasemorecarforlessmoney.com/flip/

- markus
596
Manny
06-02-2019
11:20 AM ET (US)
I cracked the navigation screen of my leased 2016 Honda CRV. my lease is up in 3 months and to replace the whole unit (which still works just the screen is cracked) with OEM is 3k could I replace it with an aftermarket stereo for $200 so would I get penalized because I don't have the original equipment? I don't want to keep the car, I have very low miles on the vehicle, I am not even at 27K I only drive to work which is 8 miles round trip and stay mostly local. But because I don't want to pay for OEM, I am considering keeping the car and then trading it in in a few months.
595
Markus AllenPerson was signed in when posted
05-23-2019
02:43 PM ET (US)
Hey CMM,

You can either turn in your end-of-lease vehicle...

OR:

Try to flip it for a profit:
https://www.leasemorecarforlessmoney.com/flip/

- markus
594
CMM
05-23-2019
02:22 PM ET (US)
My son leased a ford explorer for 2 years. Inspection was done and minimal charge so they say. Under mileage. The question I have is does he just go to the dealer and drop it off and that's the end? Or are we missing something. Does money come back to him? I have never leased and the stories I hear are conflicting on options. etc. I'm just trying to understand what I don't know....any help would be great...thanks
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