Lboni3

Not a buyout but a question, I am unsure of the annual miles I agreed to on my lease and I am already at 27k with 13 months left. How can I find out if I have 10k or 12k per year on my existing lease?

Lboni3

I am unsure of the annual miles I agreed to on my lease and I am already at 27k with 13 months left. How can I find out if I have 10k or 12k per year on my existing lease?

flowrider

iTrader: (9)

You could always read the contract!

Lou

bbaugher47

Call lexus direct . Your lease is thru them. Or try to locate your paper work.

Nespo2330

I am still unsure as to why people lease? Maybe I just don't get it? 🤔🤔

Gville350

iTrader: (10)

^Some people just like having the ability to choose a different car every 2-4 yrs. Plus some leases can be very affordable, thus luring the buyer in.

DennisMik

When you buy a car, you have to come up with all of the money before you can drive it away. With a lease, you only need a small amount of up front money and you get a smaller monthly payment compared to a bank loan, but you get socked with a big azz balloon payment when the lease is up and you turn the car in. If you lease another car when you turn in the current car, the balloon payment is added to the balloon payment on the new lease car. Double death when you turn that one in.

Leasing a car will cost you more overall compared to buying the car outright. When the lease is up and you turn in the car and make the balloon payment, you walk away with nothing. If you bought the car outright, you would have a used car to sell, reducing what you paid for the car. The lease down payment, monthly payments and the balloon payment will be more than if you bought the car outright.