Quote:
Originally Posted by Infamous12
If you decide to purchase your leased vehicle, after the lease term is up - are you still penalized for those extra miles you might have accrued?
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No, you just start paying principal & interest (i asked my friend @ carmax, he used to sell cars at honda).
Just cater the situation to you. If you pay on a car that you know you wanna keep for a long time, buy it. If you pay on a car and you know you flip cars every so often, lease. If you know you drive a lot, BUY!
And if you decide to buy (ladies in particular), always check kbb.com (kelly blue book) and check the retail value. And never get desperate for a car you go for the 1st offer. Always take time to think before the purchase. And try to finance through your credit union so that when you go to the lot, you and the salesman wont spend a lot of time negotiating price - you already have a set amount.
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