[SML] OT -Vehicle Leasing

[Sean McCarthy]

 What are the terms for the end of the lease?  You will probably have
to pay a decent chunk to buy the car at the end.

On Thu, Oct 2, 2014 at 6:36 PM, Stephen Rees via Stagecraft
<stagecraft at theatrical.net> wrote:
> I confess to being a babe in the woods when it comes to auto leasing.
> Have never done it before. Always paid cash up front.  Now this.
>
> Supposedly, if I trade in my gas Smart car on a new all electric Smart
> car, I can get $6000 for the old one, pay $2500 for lease startup on
> the new one, and then pay for the 36 mo, $89/month lease from the
> residue. Excluding the cost of electrify for charging the battery
> every 70 miles, this sounds too good to be true. A full charge at
> $.12/KwH costs about $3.00. Premium gas here is about $4.00/gal. This
> equates to about half the cost of a gas model for "fuel". What have I
> missed in this equation? Pitfalls of leasing?? Curious for any pros
> and cons the assembled horde might care to share.  TIA.
>
> Steve Rees
>
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