hd222
Registered Member
- Joined
- Apr 13, 2021
- Messages
- 204
- Reaction score
- 51
- Points
- 28
- Genesis Model Year
- 2019
- Genesis Model Type
- Genesis G70
Insurance does not cover diminished value in many states and in those that do, you generally cannot claim it if you were at fault. It also gets expensive quickly if you dispute the amount of diminished value.and generally you can get great deals buying as well and if you have good credit, 0% interest on payments.
its not a one size fits all, but generally speaking, if you are going to buy the car at the end of the lease, youll end up spending more than if you bought it initially.
As for diminished value, if you have good insurance, typically that is a non issue.
Im not completely against leasing. Especially for high dollar cars that lose a ton in depreciation and arent typically held past a few years.
Many leases include lease cash that is more than any finance rebate available. Moreover, the Money factor rate will generally be lower than the finance rate, often significantly. Those that trash leasing dont know the first thing about it. If you dont like the car and decide to sell it you are out the taxes on the value of the car (assuming you lease in a state that only taxes the lease portion) unless you trade it on another car which the dealer will screw you on.

