Is this a good deal???

[Issemann]

Hello Folks,

I was presented with this deal yesterday and wanted to run it by you to get some feedback....

I currently have 5 months left on my lease of a 2008 CX-9 GT. My dealer called and asked if I was interested in getting out of my current lease early and getting into a new 2011 lease for the same exact model, options, etc.

I asked "What's the catch?" and he proceeded to explain that there is a high demand for used CX-9's. I asked if I had to put any money down on the new lease and he said that he only requires the first month's payment. The new payments are only $5 more than what I'm paying now and the lease term is 42 months.

What do you think? Should I pull the trigger on this deal?? (dunno)

 

[table5511]

I would need more info. What is the mileage limitation of the new lease, and how many miles do you drive? If you just buy one and sell it once you don't want it anymore, you will be financially ahead of a lease, even after "depreciation" of the value of the car. I vote no for leases in general; poor financial asset management. (In my humble opinion)