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I don't know why people assume that an early termination of a lease is less favorable than an early termination of a ballon note deal or any finance contract. The outcome of early termination or early payoff is most influenced by the amount of down payment, not the type of financial instrument.
Actually in California you avoid paying the sale tax on the vehicle when you lease so you save over $2,300 on a $30k car, this amount, the sales tax, would be added to your balance if you purchased instead of leased. This $2,300 savings more than outweighs the acquisition fee, typically $595 and any penalties due for early termination of a lease.
Posts in this Thread:
- Regional Programs!!...., Mike Lynch
, Tue, 1 Feb 2005 13:34:38- regional 'quirk'.., markP, Tue, 1 Feb 2005 13:45:39
- Sales tax penalty...., Mike Lynch
, Tue, 1 Feb 2005 14:00:59 <-- Viewing This Message- Re: Sales tax penalty...., jp, Wed, 2 Feb 2005 12:06:14
- sure,,,, markP, Tue, 1 Feb 2005 16:34:41
- Re: sure,,,, Charlemon, Wed, 2 Feb 2005 15:56:39
- Not hard, just costly.., Mike Lynch
, Tue, 1 Feb 2005 17:04:20
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