Would you rather lease your house or buy it? In the vast majority of
situations it is more advantageous for the customer to purchase a vehicle
rather than lease it.
Leasing offers an attractive monthly payment but includes many hidden
costs. Often customers who lease vehicles are asked to pay an upfront
charge, similar to a down payment, on something they will never own! Also, when the lease terminates, customers are asked to cover the difference
between the projected residual value of the car and the actual residual value. Unscrupulous dealers will inflate the projected residual value of a car in
order to keep monthly payments low. When the lease terminates, these
customers are left owing a large sum of money just to turn in the leased
vehicle! Factor in mileage limits and early termination penalties and
leases quickly lose their luster.
I do not offer leasing on my vehicles because it is not to the advantage of
my customers. I have built a reputation on acting in the customer's best
interest. Since leases do not fit into this category, I do not push
them.