Quote:
Originally Posted by Amj2020
If it helps I can let you know what I just negotiated on my lease..
I just leased a 2012 Z touring with sport package sticker was around 42k
negotiated the price of the car to around 39.5k.
Then we began to work on lease prices and it turned out to be
39 months
2500 down
419/month
first month was included in the down payment and ttl was separate.
Im expecting to have kids in the next few years and dont have a garage or else I would have considered financing the car, but I am going to need more room and a bigger ride in 3 years 
needless to say I love the car so far.
Hope this helps you figure out more about your negotiations. I would have financed if I knew I would have time to actually use the car after having a newborn:P |
See this makes no sense to me. After 39 months, you're gonna spend:
38 * $419 + $2500 =
$18422 Total expenditure
If you had bought, here's where you'd be after 39 months (assuming 7% sales tax, 5% APR finance on 7yr loan, same down payment):
$39500 * 1.07 = 42265 Out the door price
42265 - 2500 = 39765 Financed amount
39765 * 1.03 = 41753 Loan total
41753 / (7*12) = 497 monthly payment
497 * 39 + 2500 = 21883 Total you spent after 39 months
19870 Remainder of unpaid loan
30000 Resale value of 3yr old car (based on quick survey of current '09s on Autotrader)
30000-19870 = 10130 Profit from sale of your car after 39 months
21883 - 10130 =
$11753 Total expenditure
So after 39 months, you'd have spent 2/3s what your lease cost you. And your monthly payment would be roughly the same (497 vs 419).
The difference becomes more pronounced as you get further out. Assuming you'll move from your leased Z to another leased vehicle of similar value, here's how it breaks down.
5 years
Leased total cost: $419 * 60 +2500 =
27640 (even more if you down pay your next lease)
Purchased total cost: $32k paid - ($28k resale - $9k loan balance) =
13720
7 years
Leased total cost: $419 * 60 +2500 =
37696 (even more if you down pay your next lease)
Purchased total cost: $42k paid - $26k resale =
16000