|
Thanks Buschy, I did run the numbers, just as an example: my last car a 2008 550i MSRP 72290 (ED price $62390) after only 14 months and 13k miles was worth $46900 private party price. If I had purchased it I would be upsidedown and would have to come up with a lot of cash to get a new car. Since my car was leased and I got sales tax credits + a high residual and a great MF my payments were only 749/ mo with zero down so I was able to have someone assume my lease without loosing any money (negative equity). If I had financed the car my payments would be around $1350 + sales tax and my payoff would be almost 59k. I know people dont like to lease but it has worked well for me. I also dont put too many miles and dont do any mods.
The trick is to find the best possible deal so you can easily get out.
|