Quote:
Originally Posted by Northerner52
The 'CRIME was stealing the trade for $2500 when it is worth $10,000 on KBB trade in value. The CRIME is leasing a $32,000 new car with a Capitalized cost of $47,000, A CRIME lifting $5,000 from the senior woman's pocket. A CRIME to add $5,000 in add on services.
And all legal, as no gun was used
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1. This was a friend of yours, so of course you'll be biased. And dealerships are notorious for trying to get the best bang for your buck.
2. You don't know the actual condition of the vehicle, unless you're a mechanic and did a full inspection of it. The Kelley Blue Book provides guidelines, trade-in values are not black and white, they are shades of grey.
3. Didn't your friend do any research on her own? If not, why not? It's her car, it's her responsibility to know - at least within reason - the value of her own vehicle. No crime committed on trade-in value. They offered her a number, she accepted it. She could have walked away from the deal. She chose not to.
4. Leasing the car: when you make payments on a car, you accept that you'll be paying more than the car is actually worth. When you're leasing, you're paying interest. It also includes maintenance costs, which are covered in the lease. You don't buy a $32,000 car and don't expect to do oil changes, tuneups, 6000-mile checkups, exhaust, brakes, and AC checks and replacements, new tires after "x" number of miles, etc. etc. etc. Those things cost money and when you're leasing, they build those costs into your monthly payment. And when the lease is up and you hand the car over, they are not receiving a $32,000 car anymore. It's typically 2-4 years old already and likely worth perhaps half of that, if it's in good shape.
All legal, that's how leases work. No crime committed.