After leasing the fire for the last 4 years...the lease was finally up. I thought the best thing for me to do in my current situation was buy out the car.
There was no way that I find another used car in such good condition at a lease buyout price, and still have an extended warranty on the car for another 12,000 kms...so I thought I can't go wrong.
What a great feeling.....My baby is finally mine!!!!
eh congrats.....i dont think id ever lease a car, seems like a waste of money to me
congrts... i have another year... i will HAVE to buy mine out, they wont take it back at the end of the lease looking like it does
hahah right on... and
GO LEAFS GO BABY
thats if they still have a team next year lol... when everyone leaves..
"Silver 2001 Cavalier z24 5 speed 2 door sunroof and power everything "
AEM Short Ram Intake
B&M Short Throw Shifter
Actually, when I worked out all the numbers with the lease rate the finance rate and took into account the lease buyback amount when I was initially considering whether to buy or lease, in the end the difference was very small between the two options.
I actually saved money (about $500) by leasing and then buying back the car at the end of the lease then by financing the whole car.
The advantage was that for 4 years with my lease, I had a lower monthly payments (by about $170) and at the time I thought that I would be able to payoff the lease buy back as one big lump-sump at the end of the lease and thats how I saved money...I only paid interest for the lease portion of the car and also saved on some taxes along the way as well.
All-in-all....a good buy!
kewl deal. i leased my cavalier too and bought it out after. but when it came time for my cobalt i didnt bother leasing...
congratz.... feels good doesnt it?
Now Blazing: Bunker Bud
Congrats but Really Mine is Really Mine I just paid my car off last Friday. Woot!!!