Quote:
Originally Posted by Msmall143
Quote:
Originally Posted by Vintage
MSRP
36 months
15k miles per year
46% residual
.00174 MF
This seems terrible on residual and MF . . . right? I am about to walk a M2 over a BAD lease deal. Am I crazy?
Any suggestions other than BUY IT. This is a work lease, but since I own the business I would still like it to be a decent deal. Thanks.
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it is higher payments but you'll end up with equity at the end. or look at m3/m4 leases, probably pretty close in terms of payment |
There's no equity build up in a lease, but there is a theoretical build up in value. But that's a crapshoot since you would need to buy out the car at the end of the lease, pay the sales tax on the "value" of the car, and then find a willing buyer. The cost of the sales tax alone could be enough of a transactional cost to be a deal killer right up front.
On the other hand, if you intend to buy out your own car, then yes, there is in theory an equity build up - but again, that's a crapshoot too. What if you've had a fender bender, etc- do you really want to own that car after lease end?