Just how "revolutionary" you think the just-announced lease option is for the Tesla Model S will depend on a lot of factors, like how much gas costs where you live and whether or not your current car drinks premium or not.
For car shoppers doing their math on lifecycle ownership costs, hybrid electric vehicles always present the challenge of being more expensive – maybe $5,000 more – than comparable non-hybrid models. High gasoline prices can help tip the scale in favor of gas-electrics, as do great loan and lease deals. Resale value is another factor in the equation, and several hybrid models, including a plug-in hybrid version, have been on the market long enough to show their long-term value.
Leases can save you a bundle on your monthly payment, but you should never forget that you don't actually own the vehicle. Otherwise, you may get a very expensive reminder at the end of your lease when your car undergoes its wear-and-tear inspection. That's when you learn the price tag for the door ding you got in the supermarket parking lot. Or that cigarette burn in the upholstery. O
Credit Unions Can Offer Consumer-Friendly Terms and Service
Credit unions, long a good source for car loans, are starting to make a comeback in vehicle leasing, hoping their track records of friendly service and low rates will help them build up an extra line of business. That's good news for consumers and business people. As these institutions tiptoe back into the market, they are providing customers with another option for financing a vehicle after
Just starting to fall behind on your lease payments? Rather than falling further in the red, what might sound like the best idea -- to fess up and bring the car back to the dealership, hand them the keys, and be free of the burden -- actually is the worst. Before you go ahead and do this, you should think about your options, and how much grief the move might cost you in the long run. Even if you b
Few people like to think about that great parking lot in the sky, but the fact is, every one of us is going to run out of gas sooner or later. Our descendants/heirs/kids/next of kin will hopefully see to a proper sendoff for us, but what about the ride sitting in the driveway that we still owe a bundle on? Are descendants obligated to make car payments on leases and loans for cars they don&r
Car leasing is a lot like renting an apartment; you pay a monthly fee to use it but don't own it -- and aren't making payments toward ownership. The leased vehicle remains the property of the lessor -- the company that issued the lease. As with an apartment rental contract, car leasing will have a fixed period -- typically two or three years. You're obliged to make monthly payments for the length