05-11-2004, 12:25 AM
Mileage is a concern for many people with leasing. I don't put a ton of mileage on my vehicles, so it's not a problem for me. As far as payments...
On the same day, my mother bought a 2003 Ford Escape and I leased a 2003 Dodge Durango SLT. Here's the tale of the tape...
My down payment on a $33,000 Durango, $1,000, monthly payment, $410. 39-month lease.
My mother's down payment on a $24,000 Escape, $5,000, monthly payment, $425. 60-month financing.
So, that's another advantage (IMO) to leasing... less down, lower payment. And to be totally honest, if it weren't for leasing, I'd be driving about a $12,000 car and paying the same $410/month.
On the same day, my mother bought a 2003 Ford Escape and I leased a 2003 Dodge Durango SLT. Here's the tale of the tape...
My down payment on a $33,000 Durango, $1,000, monthly payment, $410. 39-month lease.
My mother's down payment on a $24,000 Escape, $5,000, monthly payment, $425. 60-month financing.
So, that's another advantage (IMO) to leasing... less down, lower payment. And to be totally honest, if it weren't for leasing, I'd be driving about a $12,000 car and paying the same $410/month.