Quote:
Originally Posted by Kracka
Do you really want to be paying huge monthly payments or a large buy-out on a car that's already heavily depreciated though? IMO, if you can't, or don't want to, buy it now, then shop for something cheaper. Leasing and financing to the max is a viscous cycle; once you start its hard to stop and even harder to get out from under it (or ahead of the curve). It's obviously your money and we all look at our finances differently so this is just my 2-cents  |
How is 13.9k a big buyout though on a car that is 3 years old and ~35,000 miles. That is some of the cars I am looking at now, and its slightly cheaper.
I dunno, maybe I am looking at this wrong, but the lease rate is low so the financing is a decent deal, its not free money like 0% but pretty good.
So I pay 300/mo for 3 years then get a loan for like 10k or less as I'd put a few thousand up prolly and on a 3 yr old car with low miles its still a cheap car payment that I end up owning and I know everything that happened to the car from start to finish and I have a good warranty still.
I appreciate everyones input, I rarely ever buy stuff like this and that is why I am asking. This discussion is helping out a lot and making me see all the sides of the equation. Please continue
edit: beat your edit