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From: sasaki@harvard.UUCP (Marty Sasaki)
Newsgroups: net.auto,net.consumers
Subject: Auto leaser's beware
Message-ID: <579@harvard.UUCP>
Date: Sat, 4-Jan-86 00:59:30 EST
Article-I.D.: harvard.579
Posted: Sat Jan  4 00:59:30 1986
Date-Received: Sun, 5-Jan-86 01:43:06 EST
Organization: Harvard Science Center
Lines: 32
Xref: watmath net.auto:8963 net.consumers:3752

I just ran into another scam. This involves leasing a car.

I couldn't afford a car that was at all "fun", just a basic econobox.
I had heard that leasing was a way to afford more auto. The folks at
Silver Lake Dodge (yeah, that Silver Lake Dodge...) came up with a
package where I could afford an Dodge Omni GLH, not as much fun as
most of you net.auto nuts drive, but good enough for me. Part of this
package included insurance at a really good rate.

Some of you may think that auto leasing is a scam, but I have a fun
car that I could not otherwise afford. It seemed like a good deal.

A few days ago I got a notice in the mail that my monthly insurance
bill was going to go up by more than 120%. Silver Lake Dodge
apologized for the increase, it was the best that they could do. They
suggested that I go elsewhere for insurance.

So what Silver Lake Dodge has done is enticed me into a lease by
presenting me a package. After I am totally commited, and they have
made their money on the lease, they withdraw part of the package. The
economics have changed completely and rather than having a good deal,
I am stuck with a marginal deal.

I still like the car, but will be a lot smarter in the future. I am
saving for a down payment on my next car now, so when my lease expires
I will do the right thing.
-- 
----------------
  Marty Sasaki				net:   sasaki@harvard.{arpa,uucp}
  Havard University Science Center	phone: 617-495-1270
  One Oxford Street
  Cambridge, MA 02138