Quote:
Originally Posted by BlakeB
They like 39 month leases because you end up paying a full year of registration fees at month 36 but only use 1/4 of them.
|
Good point assuming you're in a state where the registration tags transfer to a new buyer. 36 vs. 39 month with a 1% residual increase to 39 saves roughly $50 a month, or ~$1,800 over the lease term. Of course the downside to 39 vs. 36 is you're also making 3 more payments, so those 3 payments + registration fees may offset the ~$1,800 savings. In California, a 39 month lease is almost always a bad deal vs. 36 for that very reason. Of course people don't think about that - they just see the lower payment.