[Dan02]

Originally Posted by firebug

You should really re-think this.

'A', 'B' and 'C' each buy an identical new car for exactly the same price ($25,300+gst) and maintain and drive them similarly for 4 years (64,000km).

'A' Leased with Zero down for 48 months at 3.9% and their monthly payments are $408 (incl. taxes). At the end of 48 Months they have put $19,584 into the vehicle and have the option to walk away or buy out for $11,502.

'B' Financed with Zero Down for 60 months at 2.9% paying $511/month. They have put $24,528 into the vehicle and have $12,264 in payments remaining.

'c' paid cash up front $28,517 including all taxes and fees.

After 48 months, all 3 Cars are now worth $12,500 each. Who is further ahead?

** All figures are from the Toyota.ca 'Build and Price" website for a base 2011 Camry

Did guy A decide he was going to forgoe having a car and walk for year 5?