[Bring_Back_Shantz]

Originally Posted by TylerSVT

But the Buyout will be higher than the worth of the car, wouldn't it make more sense to buy the same car used at a lower cost and then either pay out of pocket, or run a line of credit for that?

In the end the fact that the buyouts are more expensive than the value of the car is what puts me off of leases.

Plus i couldn't stand the idea that you are "renting" a car effectively.


Edit: If you can write it off and the numbers work out, more power to you.

Except in my case the buyout will almost certainly be LOWER than the value of the car, this isn't even all that strange of a situation, I know several people who have actually made money after buying out their lease and selling the car privately.

In any case, like I said, I actually figured out that leasing it and buying it out will actually save me money due to lower financing fees, so in my case buying it right away was acutally the worse option.

I used to think like you that leasing was a stupid option and that I'd never do it. That was before I actually took a look at it, and ran some numbers on the specific vehicle I wanted, and found out that in some cases it makes much more sense than buying outright on day 1.