Join Date: Dec 2003
Location: Northville Denver Colorado
Leasing better than buying??
unless you pick a high residual percent after the lease term, it would be in anyones best interest to buy the car.
Typical residual is 61% + 3 years. Seems like a good deal because your thinking: "2.5 years is half of a typical purchase (5 year), and I will be making payments for 3 years, which is half a year ahead for 11% more."
But in all actuality: When you plan to buy out the lease, the interest rate will go up... being that its a used car now. And the payments will go up at least another $100-150 and most people cant afford the increase so they finance it for, say another 3 years. Now 6 years in the hole wondering when the damn car will be yours.
Back-to-Back 156dbs on the tightly regulated TL mic.
All equipment is for sale! =>
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