Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [auto-leasing]

a specific tag for any questions to leasing of automobile. Please add information about any mileage restrictions, and other key highlights of leasing terms. Please add country and state tag.

a specific tag for any questions to leasing of automobile. Please add information about any mileage restrictions, and other key highlights of leasing terms. Please add country and state tag. Related and

79 questions
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How do car leases work?

I have seen many questions asking about leasing vs buying. I have always bought used cars with cash and have never looked into leasing a vehicle. I have no idea how they work. Can someone explain how it works and why most users on this site seem to…
Mr. Spock
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Infrequent car rental vs. lease/buy

I live in a large city and do not currently own a car. I use public transportation, ZipCar, Uber, and a bike to get everywhere I need within the city. For bigger trips outside the city, I have been renting a car on weekends here and there, but have…
Nuclear Hoagie
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6 answers

Electric car lease or buy?

I know the conventional wisdom for leasing vs. buying, but are the economics of an electric car significantly different than other vehicles?
NL - SE listen to your users
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8 answers

I'm thinking of getting a new car ... why shouldn't I LEASE one?

Why is leasing a car a bad idea?
bms2
22
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4 answers

Suppose leased car is totalled: what are financial implications?

Inspired by this question on totaling vs repairing a car and my situation (I'm leasing a car) my question is: Suppose a leased car, properly insured as per the lease (i.e., comprehensive) is involved in an accident and is totaled by the insurance…
davidbak
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7 answers

Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg?

For my first car, I bought a Toyota Camry. 3 years later I sold that car and I am leasing a BMW series 3. My lease will expire early next yr and I am thinking getting the X3/X5, do you recommend leasing or buying? Personally by far I think the…
livedonkey
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Leased a car but did not use the mileage - what options do I have

Background: About three years ago I was victim of carjacking. My car (Honda) which I owned got totaled and after a month of working with insurance I got a equivalent value of my car from insurance and the next day I leased a Chevy for 3 years / 36K…
Node.JS
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Why are auto leases stubbornly strict about visa status and how to work around that?

I live in Washington state and want to lease a car from Subaru. I work for Microsoft, have decent income and good credit score (~718). I'm in US for a bit more that 1 year on an H-1B visa and I'm in a process of getting the green card. Many of my…
Ark-kun
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What's the best way to quickly get a car on low budget with a poor credit score?

I am starting a new position somewhere that I'll absolutely need a car, so I have to buy one. But I have a poor credit score, so the best APR rate I can receive is about 18%. That means financing a car isn't really an option for me. I also have lots…
nara
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Leasing a car for a friend with low or poor credit history

Is it possible to lease a car in a friend's name who has low or poor credit history and lives in a different state than where I live utilizing my own good credit record? How does it work and what are the things to look out for?
Zubin
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In today's low interest environment, is it generally more economical to buy or lease a new car in the US?

In today's low interest environment, is it generally more economical to buy or lease a new car? Assume above average to excellent credit and an average priced new sedan. I ran through a cost comparison in my finance class last week, but the…
lesnikow
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I need a car for 2 years. Buy or lease (or something else)?

My current situation: I live in UK I'll be soon moving to Europe I'll be back in UK in approx. 2 years I don't own a car at the moment When in Europe, I'll be needing a car. However, I'm not sure if buying (and if so - a new or a used one) a car…
Hipolith
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Do I have to pay Sales Tax on my leased car twice when moving from VA to FL?

I have a vehicle that I'm leasing and in the state of Virginia you pay sales tax on the full purchase price of the car when you are leasing. I have now moved to Florida and the lease company has started charging me Florida state sales tax monthly on…
Luke
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How can the interest rate be disguised in a car lease?

[Source] Personally, I think leasing can be a good way to go. For one thing, leasing allows people to drive more expensive cars. But you have to be careful. Some dealers base leases on 110 percent of the vehicle's sticker price. This is called a…
user10763
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NY State Sales Tax on Lease Transfer

I am hopeful that someone can help me understand New York State (NYS) Sales Tax with regards to a lease take over, in what seems to be paying tax twice. So here is the scenario: Person A leases a vehicle from BMW in NYS, and NYS sales tax is…
NotInControl
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