Originally Posted by ben47
I've never leased a vehicle so I don't know about that one. Weather it's leased or bought outright, gap insurance covers the difference in the value of the car and what you owe on it... still no profit to be made.
i agree with the no profit thing...but it's the negative equity that is the killer. gap insurance on a lease solves that problem. you get out even. that won't happen on a purchase...you are sol.
that is one blessing of leasing my crossfire. when the lease is up...i give it back. chrysler takes the big hit.
unlike buyers...they take the hit come sale time.
