Leasing is a bad idea
The effective payment of that IS300 Deal was roughly $750/month or $8.3k total for the 11 months... toss in taxes and it's about a 9k hit. How does that compare to a straight purchase & sale deal? I'm not going to do the math but I bet it's worse by a few grand depending on how well you can well and deal a private party sale...
my good friend purchased a G35 Coupe in 2004. Sticker was around 36760 pretty loaded. he talked them down to around 33 even. put down around 3k, leased for $485/month for 39 mos.
the G has great residual value. His lease will be up summer of 2007 (coming up). his residual value during the lease was 58% which states he can buy out after 39 mos for ~20k. Right now 03-04s are selling for mid 20s. Who's to say he cant buy the car for the 20k, then turn around sell it for 20-22k next year when his lease is over??
the G has great residual value. His lease will be up summer of 2007 (coming up). his residual value during the lease was 58% which states he can buy out after 39 mos for ~20k. Right now 03-04s are selling for mid 20s. Who's to say he cant buy the car for the 20k, then turn around sell it for 20-22k next year when his lease is over??
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will091195
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Jul 27, 2015 09:19 PM



