SPORT 01
Totally agree with you assesment of the FMV lease. But the biggest issue s the "full-maintenance agreement" portion which is typically a a seaprate agreemetn between th customer & dealer. Of course, both can be rolled into a single monthly. But the biggest issue is "what is abuse" and "how many operating hours/year is the maintenace portion based on" - this has nothing to do with the number of annual hours the leasing company bases the residual on. To be ridiculous, the standard monthly maintenance portion can be based on 50 hours per month (= low monthly payment proposal) and everything after that is charged at an over time rate (much higher operating expense cost). As I cited in an earlier reply, I have seen a customer invoiced for a power steering cylinder seal replacement (no nicking of the rod) under abuse on a Toyota FMV w/full maintenance.