Top Reasons You Should Lease a New Vehicle

Jeff lists several benefits to leasing a new vehicle. What do you think?
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[@FredAndersonToyota]

What do you think of leasing? What are reasons to lease or not to lease? Thanks for watching and subscribing!

[@toronado455]

Leasing doesn't make sense for consumers anymore. Commercial vehicles, yes.

[@mattmcshane2079]

how much equity do you build during the 3 year lease ?

[@phillB]

If you lease a vehicle, make sure you take care of it. I might want to buy it. Leasing is for people who want more vehicle then they can afford.

[@Kevin-mk6jo]

Nothing but a long term rental with limited miles... with a depreciation fee before driving it off the lot. U serious??????😂

[@crystalsteed641]

​​@@Kevin-mk6jo I need a new car. My transmission went out on the car I paid off. Never leased before but was thinking about it. Whats your thoughts Kevin? I still would need to finance if I do not lease.

[@Andrea-kw3vo]

Do you have a video on how to lease a Toyota from out of state and have it shipped to you? The color I want is not coming in at all at my local dealer but I found out online that other states are getting it, so it’s not that it’s not being manufactured. Thanks

[@MuhammadAli-vr1cq]

i have a serious question, can i trade in my current leased vehicle to the new vehicle to upgrade my car? and what will cost me doing this before 😂nding my first year of lease?

[@MattGarcyaDC]

what did you find out

[@joeysilva7742]

I’m currently leasing a 2021 Toyota Corolla hatchback se for $200.99 a month which ends at the end of this year. I’m seeing that current leases are slot higher than mine. I have a residual end of lease amount is $14,100. I want to keep my car but should I lease a new vehicle and still keep a similar lease payment? I’m from San Diego California and my local Toyota dealer is offering me a &1,000 loyalty bonus! Let me know! Thanks!

[@Cruz.d1]

Hey, im also from san diego, ca. if you end up giving your lease up, I’d be interested in taking over your lease! We can work something out! Goodluck! 😊

[@djjohnnyparis5183]

Hi Jeff, My 2021 lease of a Highlander Platinum Hybrid only has 14,500 miles on it, and I only have 6 payments left. My question is about POSITIVE EQUITY. The residual value is just over 30k, and the worth is in the 41k to 43k range. The Grand Highlander Platinum Hybrid Max is on my mind, as is the Lexus TX 500H. Can I use the equity of my current leased vehicle as a down payment?

[@lowdime305]

Yes, but you would have to purchase the vehicle at the end of the lease, then sell the vehicle to the dealership or private party and apply your equity to the new car. Most lease's residual value, established at the beginning of the lease are not negotiable, and you will either have to buy it at that price or turn it in. A dealership can definetttelly make that swap easy for you.

[@kevinbarry71]

For you, the biggest benefit of leasing is that it allows customers to "afford" vehicles they otherwise couldn't

[@pagodad8079]

Sometimes. But lately dealers are marking up vehicle prices and not moving on that price so you pay more in the end.

[@gerdz101]

@@pagodad8079if you can’t afford to lease a marked up vehicle you for sure can’t afford to finance it.

[@paulneil7321]

if you are buying a Toyota for its reliability then don't lease it. I will only lease Kia or Hyundai or German cars, you should use a reliable car for 12-15 years then your early cost for a car will be only 2-4k.

[@oceano_drive241]

Thank you.

[@Realtor1983]

You finance now you have a old car. Cars dont go up in value

[@skateitoff196]

Dealership shenanigans.

[@gs98999]

I have leased a lot in the past. Don’t like “owning” a depreciating asset and like changing cars every 2-3 years. I will not lease again until rates go back down to 1-2%.

[@OregonSuburbanHomestead]

You prefer to never own anything but always having a car payment?

[@Kevin-mk6jo]

And who says you have to buy every two years......

[@gs98999]

lease car payments are cheap. I try to own things that appreciate in value, like properties, bonds, stocks. And ya you absolutely don’t have to get something new every 2 years. But if that’s what you want, Leasing is a good way to do it.

[@Kevin-mk6jo]

@gs98999 I get it brother, at 43 I am 100% retired. I don't like renting, I own everything I have, titles in hand, zero debt and it is a great way to live. Debt is modern day slavery.

[@AC-ir3od]

​@@Kevin-mk6jo Amen!

[@thistledewoutdoors3331]

If you ever have to obtain GAP insurance in order to cover a negative value - YOU'RE PAYING TOO MUCH !!!

[@yungahungatv8049]

Me :/

[@Realtor1983]

That's on ANY CAR

[@buryato_banderovets]

1 sided video. Tell me about negatives

[@vbuen323]

You can’t drive over a certain annual mileage which is normally like 10k and you cannot modify the vehicle in any way since it’s a lease. Leasing is dumb, it’s throwing money anyway.

[@Kevin-mk6jo]

​@@vbuen323 smart man

[@showlancer]

But if you do lease a vehicle, they give you a certain amount of miles you can put on it every year... soo what if you go over that set amount of miles..?

[@Deepseablue372]

They charge you an exorbitant fee for going over your miles. It’s a few cents per mile you go over. Like .25

[@MattGarcyaDC]

15 cents, but some leasers will waive it if you stay with them afterwards.

[@Kevin-mk6jo]

A lease is nothing but a rental with limited miles in which you are charged the depreciation in advance in order to drive it off the lot. Get smart people....

[@johnw9831]

Nothing about mileage

[@ivankorth4458]

My sister leases from out of state because there $100 a month cheaper for same spec and the dealer she goes to doesn’t require money down

[@timothywyld]

You mind divulging which state that is?

[@barsquad4444]

I have a 2020 Volvo Xc90 i put $1,400 down i pay $498 a month 10,000 miles a year 36 months $53,000 I went on memorial day trying to lease a 2023 they want $740 a month. Insane.

[@barsquad4444]

@@Hannibalmiles8494 that sounds great!

[@phillB]

Of course a salesman would want you to lease vehicles. That way they can make more money. Don’t be fooled by this shenanigans.

[@christophergc2021]

I will NEVER lease

[@davidteovogel3482]

Same.

[@OregonSuburbanHomestead]

Leasing is a solid way to throw away a lot of money.

[@MattGarcyaDC]

if you finance a car and do not keep for over 7 years, that's wasting even more...even after you pay off the car payment

[@jaredmarban9771]

​@@MattGarcyaDCyeah I don't think these people do much thinking they watched the video, but absorbed zero new information

[@toronado455]

Haven't you heard? Leasing is going away.

[@jonedstrom4921]

Leasing is for suckers. Don't be a sucker.

[@Martyvison]

3rd truck lease on a ram had gmc before best of both worlds new vehicles 55k and couldn’t afford them otherwise for a cheap payment