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Home > Marketplace > Dealer Chat > Does leasing give you an option to buy?

Does leasing give you an option to buy?

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Blaz3

Reg'd: Nov 30, 2004

Window Washer

My friend is thinking of buying a tC (im getting mines around spring). His car is giving him a lot of problems right now and he needs a new car asap. Unfurtunaly all he can put as a dp right now is $2000. He was thinking for leasing the car for 4 years and during those for years save up whatever is left on the price and pay it off.He was wondering wheather scion-s leasing program has an option to buy? The leasing shouldn-t be more than $250 a month and in four years he would have payed $12,000. He is hoping that in those four years he can save up the remaining $6,000.00 and pay off the car. When he told me this it sounded kinda good, a little too good so i was wondering what you guys think?

[#] Dec 14, 2004 07:55pm
zoltiz

Reg'd: Jul 14, 2004

Chief Mechanic

He-ll get violated on the buy-out price. If money is so tough - put $2K down and get a 72-month loan - the payments would be around $250, especially if he gets a barebone 5-speed for $16.5K.Otherwise no dealer will let him buy the car out for $6K - they will want at least $10K, so he will end up paying $22K+ for a $16K car...

[#] Dec 17, 2004 06:14pm
Blaz3

Reg'd: Nov 30, 2004

Window Washer

-zoltiz- wrote:
He-ll get violated on the buy-out price. If money is so tough - put $2K down and get a 72-month loan - the payments would be around $250, especially if he gets a barebone 5-speed for $16.5K.Otherwise no dealer will let him buy the car out for $6K - they will want at least $10K, so he will end up paying $22K+ for a $16K car...
Yup, we figuered this out. He just purchased finance the car and he-ll be paying $295 a month.

[#] Dec 18, 2004 06:01pm
Chronic


Reg'd: Aug 11, 2004

Detailer

Leasing is such a rip off.. I did it when I had a truck since I needed it ASAP with no cash and since I racked up hella miles on it it was cheaper to buy out then pay penalty but I lost shit loads no matter which way I went!

[#] Apr 20, 2005 01:27pm
sevnofspades


Reg'd: Nov 18, 2007

Detailer

I lease my tc...as long as you can keep under the mileage and plan on a buyout at sometime, I think its worth it to keep your monthly bill down. I lease mine for 225 a month, and I put 3900 down. My tc was almost 22k when all said and done (taxes, regs, spoiler etc.) My buyout at the end of 3 1/2 years is 8500...not bad considering the shape I keep my car in...if you take immaculate care of a leased car, it will be worth your while.

[#] Feb 17, 2008 09:09am

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