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3 Posts
I first appologize for ANOTHER LEASE vs Buy question!
Car: 2002 325ci, black saphire metalic, Leather, moonroof, power seats. Purchase price 33,825 with taxes, title, reg 36,645.
Option 1: Purchase with 10k down, Fianace 26k at 5.59% for 60 months payment would be $500 mth
Option 2: Lease 36 months 15k miles a year, $510 a month
Residual = 59% buy back at $20349
money factor= .0025
$0 down except for taxes, bank fee, and sec dep=appr. $2600
Other factors to consider:
1) If I lease I would keep the 10k down payment I would have used in the purchase invested earning interest on it.
2)I do like driving a new vehicle every few years and would most likely trade-in after 3-4 years if purchased
3)I would most likely drive closer to 18k miles year.
Can someone good with numbers PLEASE HELP! I'M GOING NUTS!
Take a look at these figure and either leave a post or email me at [email protected].
Any advice would be GREATLY appreciated!
MAC
Car: 2002 325ci, black saphire metalic, Leather, moonroof, power seats. Purchase price 33,825 with taxes, title, reg 36,645.
Option 1: Purchase with 10k down, Fianace 26k at 5.59% for 60 months payment would be $500 mth
Option 2: Lease 36 months 15k miles a year, $510 a month
Residual = 59% buy back at $20349
money factor= .0025
$0 down except for taxes, bank fee, and sec dep=appr. $2600
Other factors to consider:
1) If I lease I would keep the 10k down payment I would have used in the purchase invested earning interest on it.
2)I do like driving a new vehicle every few years and would most likely trade-in after 3-4 years if purchased
3)I would most likely drive closer to 18k miles year.
Can someone good with numbers PLEASE HELP! I'M GOING NUTS!
Take a look at these figure and either leave a post or email me at [email protected].
Any advice would be GREATLY appreciated!
MAC