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From: yu@uiucdcsb.CS.UIUC.EDU
Newsgroups: net.consumers
Subject: Info & advice needed on car leasing
Message-ID: <26900029@uiucdcsb>
Date: Sun, 8-Dec-85 03:42:00 EST
Article-I.D.: uiucdcsb.26900029
Posted: Sun Dec  8 03:42:00 1985
Date-Received: Tue, 10-Dec-85 06:36:29 EST
Lines: 28
Nf-ID: #N:uiucdcsb:26900029:000:1085
Nf-From: uiucdcsb.CS.UIUC.EDU!yu    Dec  8 02:42:00 1985



Does anyone in the netland have the experience of leasing a car?

     I was thinking about buying a new car or a "new" used car for commuting
to work after I graduate (Should be within a couple months.)   However, being
a poor student now, I really can not afford the kind of cars I like to have.
A friend suggested me leasing a car so that I would not need to worry about
tradein when I could afford a better car in the future.   Without having 
much idea about leasing a car, I have the following questions :

	1. What are the pros and cons of leasing a car as compared with
	   buying one?

	2. What are the hidden costs involved behind the ads?  I noticed
	   that the prices could differ more than 100% even in the same area.
	   I can't believe that there is such a nice dealer gives a 50%
	   discount.  So what are the tricks?

	3. What is a reasonable price for a medium size car, say an Olds
	   Ciera or a Buick Century?

	4. What are open end and closed end contracts?

Any answer or information will be greatly appreciated.

M.L. Yu
...!{pur_ee,ihnp4,convex}!uiucdcs!yu