As of right now there are NO Smart Buy or Smart Lease options for the Sky... :nono: :banghead: :brentil:UFC1 said:Anyone heard anything?
I am looking to lease my Sky as I have done with my 06' Vue.
Thanks in advance for any help.
How does leasing screw the buyer??? Please explain that to me because I don't think you have a firm grip of vehicle financing.ggccg said:I'm sure someone will come up with a lease plan. It's too lucrative a deal for them to pass up. Leases provide sooooo many more ways to screw the buyer and increase dealer profits.
Rather than type my fingers to the bone here, I will refer you to several websites that detail the ways in which dealers can and often do take advantage of buyers on automobile leases.CdnSkyGuy said:How does leasing screw the buyer??? Please explain that to me because I don't think you have a firm grip of vehicle financing.
Yep... your "down payment" is nothing but rent paid in advance. You probably also got caught in the "gap" between the lease cap and the depreciation that occured when you drove the car off the lot. Dealers will sell you Gap Insurance to cover this unhappy event, but that's yet another dealer profit center.MOMDRAE said:We leased Saturn #3. It was killed by a Giant Oak Tree. We were out previously paid $$$ as the lessor got the insurance payout.
Good luck. Terminating a lease early is generally not a good thing.UFC1 said:I put 4K down on a Scion xB. I'm selling it as soon as the Sky comes in and I will most likely be able to pay off what I owe on the finance. So I paid 4K down on a 17K car, and I get 0 back. This is my reason for leasing the Sky.
ahhhh... now you may see the benefit of equity in a vehicle.UFC1 said:Nah this was a finance. Even with a 4% interest over 5 years, I owe about 8 I think I may get 9 if Im lucky but thats a stretch.
ggccg said:Yep... your "down payment" is nothing but rent paid in advance. You probably also got caught in the "gap" between the lease cap and the depreciation that occured when you drove the car off the lot. Dealers will sell you Gap Insurance to cover this unhappy event, but that's yet another dealer profit center.
He is saying that he has ZERO equity...he'll just get what he owes on a trade in value...and that was with $4000 down payment!!!ggccg said:ahhhh... now you may see the benefit of equity in a vehicle.![]()