Quote:
Originally Posted by DuffMan
Wouldn't that money go directly against the principal.
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It does, but you end up paying more.
For example, I am looking at the Infiniti G35
Price is ~51000
If I lease over 36 months with 10K down, I will have monthly payments of 559.93 so over the life I would pay 20157.48 + 10K + residual of 25266. Total cost for car is 55424K plus any extra KMs I may have gone over.
Financing I put 10K down over 36 months my monthly payments are 1218.27 so overall I pay a total of 53857.
So it does save you some cash. Only do that if you plan on keeping the car however. Also don't forget that a lease is always listed as a liability for you when you apply for other loans, unless you are able to write it off as a necessary tool for your job....
Guess it is up to you, I'm positive there are people on here who know way more than I do.