5 Warning Signs of a BAD Car Lease Deal and how to quickly decipher if you're paying too much money at the dealership.
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Timecodes
0:00 - Intro
1:00 - Large Down Payment
2:20 - Long Term Lease
3:50 - Total Cost is more than 50%
5:40 - Very High Rent Charge
6:40 - Ad Lease Special

1. A large amount down (20% +) and a very short term. Money down make a huge dent because there’s fewer months to spread it out.
2. A very long term like 48 months. Most depreciation takes place in 2-3 years, so the lure of 48 is nice but the maintenance and warranty coverage is where you need to be especially cautious
3. Total cost of lease is more than 50% of the MSRP of car
4. The rent charge (aka interest) is basically half of lease payments/depreciation. Very typical on Jeeps.
5. Identical or even more than the advertised lease special on the Internet or newspaper

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#CarSales #BostonAutomotiveConsulting

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