yu@uiucdcsb.CS.UIUC.EDU (12/08/85)
Does anyone in the netland have the experience of leasing a car? I was thinking about buying a new car or a "new" used car for commuting to work after I graduate (Should be within a couple months.) However, being a poor student now, I really can not afford the kind of cars I like to have. A friend suggested me leasing a car so that I would not need to worry about tradein when I could afford a better car in the future. Without having much idea about leasing a car, I have the following questions : 1. What are the pros and cons of leasing a car as compared with buying one? 2. What are the hidden costs involved behind the ads? I noticed that the prices could differ more than 100% even in the same area. I can't believe that there is such a nice dealer gives a 50% discount. So what are the tricks? 3. What is a reasonable price for a medium size car, say an Olds Ciera or a Buick Century? 4. What are open end and closed end contracts? Any answer or information will be greatly appreciated. M.L. Yu ...!{pur_ee,ihnp4,convex}!uiucdcs!yu