05-12-2004, 03:57 PM
Kid Afrika Wrote: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...you got hosed on you moms car. what % rate did you get?
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 other hand, i don't see how you were able to lease the durango so cheaply. do you know what the money factor was?
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