Lease or Buy Article Review "The Eternal Question"

Strategy 12: Try to avoid lease-end penalties. Odometer fees and mileage fee are popular with leasing cars these days. If you're commute if far and you're going to exceed the mileage minimum on your lease, you should consider buying.
Strategy 13: Determine the lessee's equity. "Clients should avoid returning the car to the original dealership without first doing some homework by obtaining three alternative trade quotes on the vehicle at lease-end to determine the extent of the lessee's equity. Equity is created when the consumer has the right to buy the car at a price lower than the current market or trade value. If the consumer trades the car, the trade equity (net of any sales taxes imposed) is applied against the purchase price of the new car to create a cash savings on the new car purchase." …