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Wheels.13

Convertibles

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{Wheels.13.6}: Jil {rabbit} Mon, 07 Jun 2004 16:53:23 CDT (14 lines)

Everyone's different, but I don't see the point in leasing if you
can't write it off as a business expense.

When you lease, you're making payments just as if you were buying
it, except that your big expense is at the end. Most people opt for
the lowest monthly payment, which means that when the lease is up,
they're often looking at more than the car is worth if they're going
to keep it. If they walk away, they've basically paid rent on the
car for 3 or 4 years.

You also need to look very carefully at the terms of the lease. You
may be asked for a security deposit, and their interpretation
of "damage" might differ drastically from yours. You may have a
mileage limitation, too.

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