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LEASING CARS?

someone I know leases cars all the time and loves it. She has relatively new cars they real nice. And she says you can get one around 200.00 per month is this true. How does this all work t 200.00 a month is it on your insurance or special insurance? If you lease a car for 2 or 3 yrs. what if you haven't paid it up in 2 or 3 yrs then what. can you turn them in and keep leasing that s what she says she does.

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  • 8 months ago

    When a car is leased the "depreciation" is financed. If the car depreciates more then expected then more money is demanded. Insurance is the same and must be carried to comply with the terms of the lease.

    The majority of the depreciation on a car is during the first year. The second year of ownership the car does not loss as much value.

    The company that actually leases the car out to the person takes the car back at the end of the lease. If the car is not sold for the projected value (brings less then hoped for) who ever leased the car is liable for the difference. If the car brings in more then the estimated value the company pockets the difference.

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  • 8 months ago

    Leasing is a long term rental. You never own the car.

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  • 8 months ago

    Leasing is the most expensive way to acquire a vehicle. Visit these sites: www.swapalease.com or www.leasetrader.com. There are thousands of people trying to get out of leases. There is a wide variety of monthly payments as these sites show.

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  • Anonymous
    8 months ago

    Leasing a vehicle is a waste of money...

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