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From: cb@hlwpc.UUCP (Carl Blesch)
Newsgroups: net.consumers
Subject: Re: Info & advice needed on car leasing
Message-ID: <636@hlwpc.UUCP>
Date: Wed, 11-Dec-85 14:01:30 EST
Article-I.D.: hlwpc.636
Posted: Wed Dec 11 14:01:30 1985
Date-Received: Thu, 12-Dec-85 05:55:59 EST
References: <26900029@uiucdcsb>
Organization: AT&T Bell Laboratories, Short Hills, NJ
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> Does anyone in the netland have the experience of leasing a car?
> 
> 	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.
> 	4. What are open end and closed end contracts?
> 
> Any answer or information will be greatly appreciated.
> 
> M.L. Yu

No, I don't have any experience with leasing, but Business Week magazine
had a good "Personal Business Supplement" article on leasing a week or
two ago (try the Dec. 2 issue for starters).  One point I remember is
that you have to be more wary of the terms, because when you lease,
the lessor is not bound by the same truth in lending disclosure requirements
that a dealer or financer is when you buy a car on credit.  Another point
is to check the buy-out options carefully.  Depending on the terms,
you may be able to buy the car for less than it's blue-book value at
the end of the lease.

Carl Blesch