Will Moderate For Cigars
Date registered: Apr 2005
Vehicle: 2002 ML320, 2005 S430 4MATIC, 2010 F150 Crew Cab
Location: City on the TN River
Mentioned: 3 Post(s)
Quoted: 200 Post(s)
There's a reason why Dave Ramsey refers to leases as 'Fleeces'. That's what will happen to you when you sign one. Many don't know it but leases are negotiable just like buying a car. Leases can have a lot of variables, one of which is your credit at the time of signing. Obviously, yours was a open end lease which means that if the car's residual value isn't what the market estimate was at the time of signing, you will owe the difference. You'll also owe for excess miles. This can result in the leasee owing thousands at the end. I've known cases where the leasee just signed another lease on a new vehicle and had what they owed rolled into the new lease payments. Dealers see this as a negotiation tool to resign victims, uh, I mean customers for new leases. Some see this as the only way they can afford to drive a new Mercedes. I see it as an avenue to get royally shafted by MB financial.
2005 S430 4Matic 'Morton' W220.183 • 722.671 Rest in Peace
Bells and whistles are thorns and thistles.