Quote:
Originally Posted by bizaro86
But he has the OPTION to buy it. If his option to buy price is similar to what the total cost of financing is, then he's better off, since he can decide whether it's worth buying at that point or not.
If the car was worth 15k for some reason, he could do the buyout at 12 and be 3k ahead. If it was only worth 9k, he could give it back, and go buy a used one for 9k if he still wanted a similar vehicle.
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Yes I realize if you make up numbers to put you $3000 ahead you will appear to be $3000 ahead.