Quote:
Originally Posted by
Piobaire 
You need to tread carefully. Know exactly what the end of lease fees will be. Make sure it's a "closed end" lease.
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Be careful when dealing with an independent. Yes, there are some deals to be had, but make sure to go over the contract start to finish and question anything that you don't understand. Some of these independents stipulate that the lessee has to pay the difference between the residual amount the lease was based on at the beginning of the contract and the fair market value of the car upon expiration of the lease. The thing is, however, that they don't exactly come out and say this.
Personally, I've had a pretty good experience with my leasing company (though they were just in the paper for leasing cars to known gangsters). I took over someone else's lease and the transaction was pretty smooth, except for a stupid $300 admin fee. I'm also not too happy about my interest rate but I'm paying next to nothing for my car so I'm not exactly complaining. I also know these guys are going to be completely screwed when I turn in the car because the residual was something like $38,000 and when I turn in the car next summer, it's most likely going to be a $25,000 car tops.
Oh well.
