Quote:
Originally Posted by DementedReality
first off ... this math isnt right ... a car costing $14k, should have a lease payment of around 160/month ..
secondly, dont bother with the downpayment, its contrary to the point of leasing. it wont save you money, i would rather give you $1000 in 1/48 increments.
anyhow ... follow my math with the above example
OUT OF POCKET $$$
leasing ...
48 payments x 160 per month = $7,680.00 out of pocket
purchase
48 x 280 per month = $13,440 out of pocket
end of 48 months
leaser has $5500 in capital and growing, but not car
buyer has $7000 in a depreciating asset but no capital ...
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So by this example, the owner could sell the car for $7000, have a net cost of $6,440 and $7K in capital.
Owning still wins