Thread: Lease Trader?
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Old 07-30-2007, 06:00 PM   #17
humara
Registered User
 
Join Date: Feb 2006
Location: los angeles
Posts: 256
Quote:
Originally Posted by FrayAdjacent
Just HOW do you get upsidedown in a LEASE? :|
you still OWN the car in a LEASE.
the car still has a value.
that value is less than what you owe on the rest of the lease + residual.
a new buyer won't necessarily want to pay for your depereciation.
that is UP side DOWN.
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