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jps wrote:
In article . net,
says...

I don't know why anyone would purchase their car after the lease is up.
In some states you will pay sales tax twice. I have had very good
offers to keep cars, but not good enough to move to the next, new car.

My 2002 Audi has about 20K miles on it and in near perfect condition. I
could probably net a couple grand on it if I bought it and resold it.

jps

That means you either paid too much in depreciation during the course of
your lease or you paid a large "cap cost reduction" so the residual
value is higher. What you "net" on it in a sale would be a repayment to
yourself for overpayment. You will also pay sales tax on the residual
value since you never owned it in the first place. You would now be
buying it from the bank. That can be avoided if you trade it in.

As far as I can tell, leasing is a guessing game for the banks. They
have to guess what the car will be worth after a certain period of time
with a certain number of miles on the odometer.

I have also traded in a lease right before its expiration date and
picked up a grand, or so. I have traded in others that were essentially
a wash just to avoid the return hassle.

Dan

In article ,
says...
jps wrote:
In article . net,
says...

I don't know why anyone would purchase their car after the lease is up.
In some states you will pay sales tax twice. I have had very good
offers to keep cars, but not good enough to move to the next, new car.

My 2002 Audi has about 20K miles on it and in near perfect condition. I
could probably net a couple grand on it if I bought it and resold it.

jps

That means you either paid too much in depreciation during the course of
your lease or you paid a large "cap cost reduction" so the residual
value is higher. What you "net" on it in a sale would be a repayment to
yourself for overpayment. You will also pay sales tax on the residual
value since you never owned it in the first place. You would now be
buying it from the bank. That can be avoided if you trade it in.

The reason I have a disparity of value at the end of the lease is that I
don't put anywhere near the mileage on the car the lease anticipates.
I'm 3 miles from work and, being in the NW, not on the road that much,
not like folks in the NE who can drive through 5 major metropolitan
areas in 5 hours.

Most of our travel is by plane...

As far as I can tell, leasing is a guessing game for the banks. They
have to guess what the car will be worth after a certain period of time
with a certain number of miles on the odometer.

Right.

I have also traded in a lease right before its expiration date and
picked up a grand, or so. I have traded in others that were essentially
a wash just to avoid the return hassle.

I guess that depends on the dealer/financing folks flexibility.

jps

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