sjfotos
Well-known member
Hello Gary,
I additionally posted a good summary from the GM Volt forums under the Finance section on the Boards here. I also included the link to the original post. The author is a former (or current) GM lease specialist. Julie has it all correct. I would simply add that the things to be careful about in a lease transaction are what the total allowed mileage is and how well you treat cars. If you go over the contract miles or you tend to be rough on cars it can be very expensive. You will be assessed for excessive wear and tear or miles over the contract. The advantage to a lease is that you can turn the car over at the end of 3 years. If the technology changes or does not work out, you are not stuck with the long term commitment of a 5 year car loan or the sunk cost of a fully paid car that no one will buy. I copied the link below.
http://gm-volt.com/2010/04/08/how-nissan-can-lease-the-leaf-ev-for-349-per-month/
I additionally posted a good summary from the GM Volt forums under the Finance section on the Boards here. I also included the link to the original post. The author is a former (or current) GM lease specialist. Julie has it all correct. I would simply add that the things to be careful about in a lease transaction are what the total allowed mileage is and how well you treat cars. If you go over the contract miles or you tend to be rough on cars it can be very expensive. You will be assessed for excessive wear and tear or miles over the contract. The advantage to a lease is that you can turn the car over at the end of 3 years. If the technology changes or does not work out, you are not stuck with the long term commitment of a 5 year car loan or the sunk cost of a fully paid car that no one will buy. I copied the link below.
http://gm-volt.com/2010/04/08/how-nissan-can-lease-the-leaf-ev-for-349-per-month/