Quote:
Originally Posted by mrkbbd
I think "making" money is a misnomer here...you just had higher monthly payments than necessary because the finance company assumed values that weren't correct, so you are getting that money back, meaning you still lost money due to the time value of money
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You know once again it depends on the lease. A lease with a low residual and a good money factor can put you almost in the same position as you would have been in a purchase. Also, most people don't put large downpayments with a lease as well so the upfront costs are lower.
Imagine the downpayment requirement that would be necessary to have a purchase paymeent that is equivlent to the lease payment. Quite a bit..
Dave