This is the final installment in our Blog Series Is Leasing Really Fleecing? Throughout the series, we have discussed many of the pitfalls and drawbacks of leasing cars. We wrote this series, because we realized that many of our clients who leased cars did not...
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Leasing
Is Leasing Really Fleecing? Part 8: Is Leasing Ever Advantageous?
On Behalf of Consumer Law Group, LLC | Oct 7, 2015 | Leasing
This is the eighth of nine articles in our Blog Series Is Leasing Really Fleecing? In our previous segments, we discussed many of the disadvantages of leasing. These disadvantages include the higher costs, the high and sometimes surprising end of lease charges, and...
Is Leasing Really Fleecing? Part 7: Early Termination Charges
On Behalf of Consumer Law Group, LLC | Oct 4, 2015 | Leasing
This is the seventh of nine articles in our Blog Series Is Leasing Really Fleecing? In our previous segment, we addressed some of the pitfalls in leases. Perhaps the biggest pitfall is the high costs of early termination charges. If a new vehicle is financed or...
Is Leasing Really Fleecing? Part 6: Leasing Pitfalls
On Behalf of Consumer Law Group, LLC | Sep 27, 2015 | Leasing
This is the sixth of nine articles in our Blog Series Is Leasing Really Fleecing? In our last installment, we showed that one of the major pitfalls of leasing is that leasing usually costs more than buying a car - in some cases, much more. The charges imposed at the...
Is Leasing Really Fleecing Part 5: The Cost of Leasing vs. Owning
On Behalf of Consumer Law Group, LLC | Sep 7, 2015 | Leasing
This is the fifth of nine articles in our Blog Series Is Leasing Really Fleecing? In most cases, leasing costs more than buying a car. As we explained in our first article, a consumer does not own a leased vehicle but instead pays for the right to use it. Although...
Is Leasing Really Fleecing? Part 4: Leasing Games Dealers Play
On Behalf of Consumer Law Group, LLC | Aug 28, 2015 | Leasing
This is the fourth of nine articles in our Blog Series Is Leasing Really Fleecing? Most people do not really understand how leases work. The contracts are confusing, and they do not clearly disclose important components such as the cost of the car or truck or the...
Is Leasing Really Fleecing? Part 3: Understanding End of Lease Charges
On Behalf of Consumer Law Group, LLC | Aug 9, 2015 | Leasing
This is the third of nine articles in our Blog Series Is Leasing Really Fleecing? Our previous article on Do Leases Include Interest Charges? focused on how the time-value of money factors into the charges that consumers pay during the course of a lease. Many...
Is Leasing Really Fleecing? Part 2: Do Leases Include Interest Charges?
On Behalf of Consumer Law Group, LLC | Jul 31, 2015 | Leasing
This is the second of nine articles in our Blog Series Is Leasing Really Fleecing? In our previous article on How Leases Work, we stated that "interest" was one of the factors in determining the amount of the monthly lease payment. The time value of money is a...
Is Leasing Really Fleecing? Part 1: How Leases Work
On Behalf of Consumer Law Group, LLC | Jul 29, 2015 | Leasing
This is the first of nine articles in our Blog Series Is Leasing Really Fleecing? One of the main problems with leases is that most consumers do not really understand how leases work. Many lawyers do not really understand lease documents; I have had more than a couple...
Is Leasing Really Fleecing? Introducing a New Series
On Behalf of Consumer Law Group, LLC | Jul 25, 2015 | Leasing
Perhaps the most frequent question asked of us by our friends and clients shopping for a new car is whether they should finance or lease their next vehicle. Car dealerships and manufacturers promote leases heavily in their advertisements, and some dealerships push...