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Old 04-19-2009, 11:02 PM
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B-Line B-Line is offline
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Join Date: Mar 2005
Location: Los Angeles...
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My understanding is, people like, swapalease.
And if you're using it as a "short term rental" type of arrangement, I understand your motivation and it could probably be quite beneficial..

But just to be clear, when I lease cars, I get the sale price near invoice, then I make sure I get the buy rate on the money factor.

I help my friends buy cars all the time. Minute I step in, I save almost all of them a minimum of $2k. Cause I understand the talk and know how to negotiate.

So when I look at the leases with swapalease and people say things like "the original owner put down $1500 so I'm saving that much on monthly payments..." I have to retort, yeah, but they didn't haggle the lease right and that $1500 cap cost reduction isn't much of a savings if they are paying .0035 money factor (8.4% interest).. And that goes double if they only got $1000 off the MSRP rather than $500 over invoice or below..
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