39 month lease vs. 36 etc.
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Joined: Feb 2005
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From: El Segundo, CA
2006 SL 500
39 month lease vs. 36 etc.
I see these leases that extend 3 months past normal 12 month cycles that you normally find on leases. Are they done this way by the finance companies to force the lessee to pay for licensing, repairs etc. that they would not be responsible for turning in at 12 month markers? Is there something to benefit the lessee beyond keeping the car a bit longer? Thanks
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From: Orange County
2005 C Wagon (No snickering please!)
That is the point where they have made the most money they can from you, and at he same time make the most money they can from the next guy who drives the car.
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C300 Sport/Palladium Silver on Black/P2
I see these leases that extend 3 months past normal 12 month cycles that you normally find on leases. Are they done this way by the finance companies to force the lessee to pay for licensing, repairs etc. that they would not be responsible for turning in at 12 month markers? Is there something to benefit the lessee beyond keeping the car a bit longer? Thanks
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From: Tampa FL
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I was researching that topic prior to moving out of CA... http://www.dmv.ca.gov/online/refund/refundfaqs.htm I dont know about the taxes but the reg fees you can get back prorated.
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From: Cincinnati, OH
Depending on the lease source the extended 3 month term may use the same residual as the 36 month. You may or may not get the extra miles.
We do a lot of the 27, 39 and some 51 month leases.
We do a lot of the 27, 39 and some 51 month leases.
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From: Alexandria, LA.
92 500SL
