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Old 01-07-2006, 04:13 PM  
Alex
So Fucking Banned (YEA!!)
 
Join Date: Jun 2004
Posts: 10,963
It comes down to the same thing.
The cost of a three year lease is usually the difference between the cars original price and its value in three years.

EX:
CAR A costs $45k to buy brand new. After three years it's value is 20K. So it dropped $15k in three years.
That means your lease payment over those three years will add up to $15k ~$416/month.

So if you were to lease, you would spend $15k for three years and at the end give it back. The pros are that you only spent $15k on it because you dont ahve to look for a buyer to buy it off you . And during those three years, almost any repairs done are covered by the dealership.

If you were to buy. You would spend $45k initially. After three years you have a car only worth $20k, and that is if you can find a buyer. And and repairs done are paid by you.
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