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Pursang is correct >
Posted by ChipJ (more from ChipJ) on Thu, 27 Dec 2001 20:52:59
In Reply to: Flawed analysis, Richard (Long), pursang, Thu, 27 Dec 2001 18:59:24
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although he did not make clear that Richard P subtracted $520-$350 and got only $70 instead of $170. The essential point is there is no free lunch. If the leasing company takes the risk of residual value, they have to be compensated for that risk, and you will pay for it. If you own the car you assume that risk and end up paying less, except in the case where you bet wrong and the car is worth much less than you thought it might be. You can't get free insurance.
posted by 64.197.1...
Posts in this Thread:
- is it possible to trade in a car..., larry, Thu, 27 Dec 2001 14:18:23
- Here are some options..., pmr, Fri, 28 Dec 2001 07:28:17
- If you can't afford the payments, don't lease >, ChipJ, Thu, 27 Dec 2001 15:14:47
- Leasing is for Rich people???, Richard P., Thu, 27 Dec 2001 15:58:55
- Keep an open mind & run the numbers, Marc, Sat, 29 Dec 2001 15:25:24
- Flawed analysis, Richard (Long), pursang, Thu, 27 Dec 2001 18:59:24
- Define "rich" as someone who >, ChipJ, Thu, 27 Dec 2001 16:41:57
- Money is never "lost" when you trade in...., Richard P., Thu, 27 Dec 2001 14:33:37
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