Is a $199 ($212 with taxes) per month lease on Toyota Camry LE with all power,

J

jeweledturtle

New member
It's sounds ok... but a lot would depend on the YEAR of the car, cause dropping approx $7k on a car whose depreciation value will be zip in 3 years... or if the actual value of the car is different. For example: the car is wrecked and the insurance company will only give you the amount of the car's worth. If the car is worth $2k and you owe a higher amount you have to pay the rest. If you don't have gap insurance. It's also important to look at the interest. Generally a 36 month lease is good because you are paying out the amount over a shorter period of time, and thus will pay less interest, and they'll charge less interest because they'll get their money quicker.
 
It's sounds ok... but a lot would depend on the YEAR of the car, cause dropping approx $7k on a car whose depreciation value will be zip in 3 years... or if the actual value of the car is different. For example: the car is wrecked and the insurance company will only give you the amount of the car's worth. If the car is worth $2k and you owe a higher amount you have to pay the rest. If you don't have gap insurance. It's also important to look at the interest. Generally a 36 month lease is good because you are paying out the amount over a shorter period of time, and thus will pay less interest, and they'll charge less interest because they'll get their money quicker.
 
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