I often mention that I’d be happy to do a podcast on a topic suggested by a listener/viewer and darned if someone didn’t ask me to do one about the pros and cons of automobile leases. Ask and ye shall receive.
I’ve leased cars and bought them, as have many of my clients. I’m not going to bash leases but I do think that many people misunderstand them. So, as I often say, do whatever you want with this. But just know what you are getting yourself into before you do it. Too often I hear from people who had no idea what they were signing - and have you seen what a lease looks like these days? Try 8.5 X 14 or so, two-sided, with lots of small print.
So, I do what I can to lay out the good and the bad. Hey, leasing might work for you and it might not. Just study it and then make an educated decision. Here is the audio:
And the video:
And the pic at the top is a 1970 Hemi Cuda a friend of mine owns. Stay tuned. I hope to have video of a ride along shortly.
Follow me on Twitter: @stevelehto
Hear my podcast on iTunes: Lehto’s Law
Steve Lehto has been practicing law for 24 years, almost exclusively in consumer protection and Michigan lemon law. He wrote The Lemon Law Bible and Chrysler’s Turbine Car: The Rise and Fall of Detroit’s Coolest Creation.
This website may supply general information about the law but it is for informational purposes only. This does not create an attorney-client relationship and is not meant to constitute legal advice, so the good news is we’re not billing you by the hour for reading this. The bad news is that you shouldn’t act upon any of the information without consulting a qualified professional attorney who will, probably, bill you by the hour.