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The Stick
Join Date: Dec 2007
Location: Someplace Safe?
Posts: 17,328
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When I leased the Boxster I leased it for the full amount. If totaled insurance would pay it off not give me fair market. Would have lost anything I made as a down payment if it were totaled. Called my Ins. agent to see what my payment would be and he told me about it or I would have made a big downpayment. Also the way they did the lease there was a monthly fee for the lease that wasn't a percentage of amount of the vehicle being leased. Making a downpayment just reduced the residual when the lease ran out.
When I got the 928GTS I leased it as well. The total cost of the lease vs paying cash for a $40K car was $1200 for the entire 4 year lease with a $10K residual. Comes out to just under 2%. Which was really good 8 years ago. Especially on a 1994 vehicle.
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Richard aka "The Stick"
06 Cayenne S Titanium Edition
Last edited by RKDinOKC; 12-01-2016 at 12:53 PM..
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