In Chapter 11: Getting the most for your car, I explain how to get the mostfor your trade-in and how to use professional vendors to make your vehicle (^)
look and drive the best. You can pull from this information tips that will helpyou avoid penalties at lease turn-in time.
OTHER LEASE FACTORS
USED LEASING
Most leases are on new cars and trucks, or at least they are circa 2011.Used leasing was big before the economy imploded, but now it is only 10 (^)
percent of used transactions. Most of the used leases written these daysare on high-end, low-mileage vehicles. Vehicles such as program cars (ex-
rentals and the like) that have higher mileage for their age don’t lease well.And of those pre-owned cars that do make good candidates, many get
sucked up by the dealers and manufacturers and turned into “certified”vehicles.
DOWN PAYMENT
When you put money down on a purchase, it lowers the payment and whatyou owe on the vehicle (the principal). When you put down money on a
lease, called ”capital cost reduction,” it lowers not affect either the residual value or gain you any immediate equity. only the payment. It does
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