I am currently leasing a Type-S and I was wondering what the advantages and disadvantages would be. The reason I took the leas was because it was $150 price difference in payments. I didn't really take a look at it in the long term perspective. SO COULD YOU HELP ME OUT.

THANKS

 

Well, it's a little late to be asking questions now, isn't it? One con is the mileage allowance. Will you excede it during the lease term? As for the payment pro's and con's , it all depends on what you paid up front and what the residual value will be at lease end.

 

It is a tad late but I had to ask. I paid $1000 down and that took of everything; registration and what not. How much would it be per every mile I go over.

+ Another reason why I took the least was becuase I knew that the RSX Type-R(Integra Type R) will make it's debut here in year or two. So I figured I would want that when it came out.

What are other things people should look at before leasing a car. For those who are going to do that. I know it's a little to late for me.

 

I'm the same way,..Milage is never an issue unless you are one drivin *****! I put 1000 on mine to get my payments where I wanted them,..the R might come and I will end up trading it in on that(IF IT COMES) LEV laws are a bitch!!!!

The Pro is--->Payments are GREAT! + you might be the kinda of person that goes through cars like every so often,.you can trade it in on an upgrade-!AND-
you can talk them down to a lower price if you end up buying it in the end because they won't get the residual out off it,.so you can actually knock about a good 2 grand off the price if you keep it till the lease period ends!

COns--> You lose the money you put down on it in the end,.but you @least had a good payment the lease period,..!Thats how I see it!
they have a set $$ amount for what they think you will use of it,.before you even drive off the lot,.to see what they will sell it for when it comes back(if it comes back)!

 

Would there be any penalties if I were to break my lease contract by trading it in. What I mean is can I trade my Type-S in for a New Type-R without having a charges.

 

You get penalized up the **** if you end a lease term early. Why did you jump into a lease without knowing all the details? My suggestion to you is to pull out your lease contract and READ it from front to back. Get a lawyer involved if there are things you don't understand on it.

Whatever you do...do NOT terminate your lease unless you enjoy a good raping!

Mah 2 cents.

 

nah man,

i'm not going to end my contract I'm trading in as soon as the New type-r hits the states. I'm asking these question for those that dont' know. It's to late for me.
This is for those who are on the verge of lease or buying. Luckly my deal went ok although I didn't know much. What are other things to keep in mind when leasing. We don't want anybody getting screwed because those sales men just want

 

www.edmunds.com has excellent articles on buying and leasing cars. Good read!!

 

not thinking things out? sounds typical for this place..

 

In general, leasing anything screws you in the *** because you are paying about what you would pay to buy the car for the entire term of the lease, then you get screwed at the end when you give the car back. Or you could continue to lease it, or buy it for more than it is worth at that point.

You should have bought it or something.

 

perrty much

 

WRONG! It is much more complicated than that. Take a look at the money factor that your paying, the residual value, the final cap cost, and your monthly liability to determine whether or not it is smarter than buying.

You are NOT paying the same as if you were buying. With a lease, you are paying for depreciation plus a money factor (interest) on the car. In certain instances, leasing is financially smarter than buying. Some people kid themselves into thinking they OWN a car when they are paying the bank for it every month.

Just try to stay away from generalities. To the OG poster, take a look at your paperwork. Tell us what your cap cost, money factor, and residual values are, in addition to your mileage restriction and lease term.

 

I've heard that the rsx type r will never hit the states because of its safety and emission issues, it would be almost impossible for the rsx type r to pass these US standards. I hope i am wrong though, i would like one to

Eric

 

I heard that too and if it is true I will just end up buying my type-s at the end of my lease unless, if it's possible, I would like to get my hands on a S2000.