| A: There are different reasons for each and this is something that a sales person can explain, but you and your accountant should make the decision. If you sign a lease and the sales person says, "You can put extra miles on the vehicle", or "They can take that back anytime", tell them to put it in writing and make it part of the contract. You should always be able to call the funding company and get a pay off without going through the dealer. If you are unable to do this, find out WHY! There are some walk away leases, but please make sure you understand that you must run full term and stay within the mileage limits. That is one way to turn your equipment over every three or four years and helps to keep your payments lower. Also most leases in our industry are a form of a tract lease which means at the end, you still owe the balance of the lease, and if the residual put on your vehicle wasn't set low enough, you owe the difference. |