View Single Post
Old 08-11-2001, 12:03 AM   #6
Scott J

Enthusiast
 
Join Date: Jul 2001
Location: San Ramon, CA
Posts: 541



Default Re: Soon To Be A First Time Viper Owner! Need Advice!

I have both leased and purchased and here is my experience in a "nutshell":

(1) Most financial advisors will tell you to avoid leasing unless you own or hold employment with a company that is able to expense the operation of the vehicle being leased.

(2) I have been pressed not to exceed the mileage limit in all three cars I have leased through my business, and I consider myself to use my vehicles moderately. Yes, the mileage limits can be raised higher than the standard allowance, but this will bring the monthly payment up. The Viper may only be a weekend driver, but the annual mileage may also be set lower to compensate for the type of vehicle - there is generally a balancing effect somewhere in the lease contract.

(2) Leasing makes it harder to modify vehicles and you mention that you want to add a wing. Unless you plan to purchase the vehicle at the end of the lease, you will be responsible for returning the car to original condition (i.e. sans wing) with only normal wear and tear excepted.

(3) Monthly payment of $850 is amazing. I pay that much for my GMC Yukon. Although I would never recommend any one leasing this type of vehicle, you walk in different shoes than I.

Examine all the terms and conditions carefully and make a decision based on the information you gather from web sites that discuss the upside and downside to leasing. There are quite a few resources online that will help you decide if the lease makes sense from a purely financial standpoint.

Best of Luck


Scott J is offline   Reply With Quote