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Old 07-07-2004, 02:12 PM   #214 (permalink)
NoSoup
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Location: Green Bay, WI
Quote:
Originally posted by yellowgowild
Thanks for your research into this, I really appreciate it and I want everyone to know I signed the lease today, and the car rocks

After looking at the fine print and whatnot, I think it turned out to be a good deal since Volvo covers more in their leases than most other car companies. The residuals on this car will be 10k which is about what I would owe after paying the same amount to a loan I think.....

Anyways I was a little apprehensive before signing the papers since I've heard so many nightmare stories about evil lease contracts that really screw you at the end, but everything here seemed okay to my limited financial reasoning thanks.
Congrats on your purchase, I hope you enjoy it

Indeed, the value of a lease is determined strictly by the person signing it. There are a million arguements for and against them, but it all comes down to whether or not you find the use of the vehicle with the terms agreed upon a good deal for the monthly fee. As you are not gaining equity in the car, if you find that a fair price to "rent" the vehicle for, go for it.
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