Quote:
Originally Posted by mattleegee
I didnt know people still leased, would rather skip the extra fees (acquisition $600 and some others, all lost money)
Now you will have equity to trade towards next ride, plus tax credit if sales tax applies to your state
|
Lease might not make sense to cheaper cars, but for more expensive cars its completely worth it. Expensive cars (60-120k) tend to lose value much quicker and hard to predict the residual value (by dealer). A few examples include Lexus GS350 and Maserati Ghibli. 30k miles 2013 GS 350 can be picked up for under 30k with original MSRP of 57-60k. There are so many units flooding the market from lease returns. The Ghibli just flat out didnt sell and dealers are discounting 33% new leftovers. In both cars, leasing 3 yrs ago would fare much better than buying, in regards to resell value.
Also if you get in an accident with a leased vehicle, you dont have to worry about diminished value when returning. If the vehicle was bought, take at least 10% off market value