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SportTrac Discussion
General Sport Trac Discussion
Advice on trade in
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<blockquote data-quote="Thomas Rogers" data-source="post: 916991" data-attributes="member: 60724"><p>Derek,</p><p></p><p></p><p></p><p>I've leased several vehicles and each time I did I leased vehicles that I couldn't otherwise afford *AND* I went into the lease deal 100% certain I would keep the vehicle through the duration and THEN return it. That, and leasing vehicles with high residual values are the cornerstones to smart leasing.</p><p></p><p></p><p></p><p>You are breaking those rules. You will pay for it.</p><p></p><p></p><p></p><p>Figuring out what is a "good" lease payoff is not a simple thing. You need to know a lot about your vehicle, but the good news is that most of what you need to know should have been in your initial lease contract.</p><p></p><p></p><p></p><p>Take a look at the link below. It describes an equation for figuring out a good lease payoff amount. Plunk in your numbers and see what you get.</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 916991, member: 60724"] Derek, I've leased several vehicles and each time I did I leased vehicles that I couldn't otherwise afford *AND* I went into the lease deal 100% certain I would keep the vehicle through the duration and THEN return it. That, and leasing vehicles with high residual values are the cornerstones to smart leasing. You are breaking those rules. You will pay for it. Figuring out what is a "good" lease payoff is not a simple thing. You need to know a lot about your vehicle, but the good news is that most of what you need to know should have been in your initial lease contract. Take a look at the link below. It describes an equation for figuring out a good lease payoff amount. Plunk in your numbers and see what you get. TJR [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Advice on trade in
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