I mainly use it for commuting to school, so 10,000 miles is sufficient with around $1,000 down for 24 months. Are there any hidden fees involved?
How about leasing it
Renting a car for two years for just a few thousand dollars sounds like a fantastic deal. I’d definitely consider getting one as a winter beater!
You’re limited to driving 10,000 miles per year for 24 months. It’s a decent deal, but since it’s a lease, you need to maintain it in good condition, meaning just normal wear and tear. However, you should verify the specifics with the dealer.
You need to return the car after two years.
That’s in Florida, where there’s only a slight chance of snow. The Equinox might top out at $31K since it’s an LT if you were to buy it outright. It’s not very powerful with just the 1.5L engine, especially since GM messed up by removing the 2.0 option.
Regarding the cost, it’s clearly a lease agreement, and if you can stay within their terms and limits, it’s not a bad deal. At the end of the lease, you might have the option to buy it if you’re interested and the price is right.
One of my coworkers hasn’t owned a car in 20 years. She prefers leasing because she gets a new vehicle every two years and doesn’t have to worry about breakdowns. Again, it’s not a bad arrangement if you can adhere to the program’s terms.