Its looking like I have to lease a car in the very near future.1) Keep up front cash as close to zero as possible, the advantages of a lease have to do with cost-of-money over time and up front money reduces this benefit.
>Buying is not an option for me. But buying is all I know about.
>Anyone care to give me a crash course in car leasing?
2) Know how many miles per year you drive, make sure you get that many miles allowance in your lease. If you drive over 18,000mi/yr, a lease probably does not make sense.
3) I lease one car so that I can keep a new luxury car at all times for business appearances. I own one car as well, which will be driven until it falls apart (The last one I finally got tired of and sold at
11 years and 180kmi still in great shape, the one before that at
165kmi). The car I own is always simpler in design, a base model Toyota or VW. Keeping a luxury car as it ages can be very expensive.
4) Keep your lease duration shorter than the warrantee, having to pay for maintenance on a leased car is no fun. I lease mine 3yrs.
Scott