Do they not understand that unless you put down a hefty downpayment, chances are that leases are designed such that the leasees are in debt from day one.
There is never a point in the whole lease term that the car is worth more than the debt.
Just look at the examples on CL.
2005 VW Touareg V8 - Take over my lease - $700 (san rafael)
Reply to: sale-246103281@craigslist.orgDate: 2006-12-08, 1:34PM PST
Ladies and Gentlemen,
This car was leased from Sonnen in Marin from a close friend who gave me a great deal. I paid $500 over invoice for the car. Therefore the lease is just shy of $700 per month. My wife and I decided we need a larger SUV so we need to let it go. We are upside down on the lease so it is not worth trading in, but if you want one, this is the way to go. The car has two years left on the lease and has approximately 13,000 miles on it. The car is Silver on Gray. It is relatively loaded with options including navigation.
Email me if you are interested.
Of course you are upside down you dumba**. There is never a point you can have equity in your car.
Here's another idiot trying to sell a
Are you kidding? The car is worth over 30k right now.
Why would anyone pay you 15k to takeover the lease.
No thanks.
--- Anthony Yee <smyee@yahoo.com> wrote:
> Wow!! 7 year lease! Sure it was fun while it lasted.
>
> The car is barely worth $20K and it will probably down to $12K after
> two years.
>
> My offer would be you pay me $15K upfront to take over the lease.
>
>
>
> Let me know if that sounds good to you.
>
>
>
>
> Takeover Lease Mercedes CLK 430 - $490> 2002 Mercedes CLK 430 Coupe - Take Over LeaseTake Over Lease or Buy the Car!!!!
> 27 Months Remaining on the lease
> Monthly Payment $490 + tax
> Current Buyout $33k
> Residual $19k
> Mileage allowance - 15,000
>
> Mercedes-Benz CLK 430 Coupe - V8
> Year: 2002
> Black Exterior, Grey Interior
> AMG Wheels
> Mileage: 47k
> Condition: Excellent - No dents, Very Clean Bose System Power Windows,
> Door, Mirrors, Seating Cruise Control SmartKey Remote
>
> e=CLK350C&preClassCode=06_CLK&preAccClassCode=CLK>
>
&preModelCode=CLK350C&preClassCode=06_CLK&preAccClassCode=CLK
>
>
> Lease:
> The lease is fully assumable - meaning lease will be transferred to
> your name You can buy out the car any time during the lease or lease
> it to someone else.
> After the lease ends: return the car or buy it out (buyout price is
> around
> 19k)
>
> Lease Process - Very Simple
> You must have a good credit score
> Reason for giving up the lease - Moving and won't need a car.
>
> Serious Inquiry Only.
> Email if you would like to test drive the car.
