realistically bank leases are AWFULL ideas.
I don't recommend them to anyone.
Why?
Simple bank Leases are the original bad lease stories.
For example: You lease a car from say Ford Motor credit, purchase the Wear Care insurance, and the lease includes GAP coverage on the vehicle. Assuming no excessive damage not covered by Wear Care, no damage or issues you never bothered to repair, and all your payments were on time, assuming you are under mileage you walk into a Ford dealership when you are done and drop off the keys, sign the odometer statement and walk away free and clear. And get offered to go into a new vehicle. Heck most times they will offer you an early termination assuming no issues.
Now get a US BANK lease.
Early Termination fees (in the thousands)
lease end fees between ($500-$2000)
Inspection of the vehicle and billing you for every ding/scratch/stain on it.
The bank lease is a cheaper monthly payment but a real hard case to get out of and you will owe a LOT of money you did not expect.
PS: All manufacturer leases are NOT as simple as the Ford story either- I have seen some with terms just as bad as bank leases.
