Originally Posted by Heb80
Originally Posted by Rob M
if i were to sell or trade in my purchased crossfire after 39 months i would need to get around $16K for it to have spent a comparable amount of money to the lease example above. that includes the $750 or so in additional taxes i paid to register it for the full purchase amount. most of the lease residuals are in the $17-20K range so i should come out a little bit ahead of the lease deal.
Not necessarily... I am sure your monthly payment is alot higher than $299, or else you put alot more money down. So, after 39 months you may owe less than the car is worth, but you probably paid alot more than a lesee over the 39 months too.
monthly payment $0
. after 39 months i will have paid $29K plus tax. in effect, i have paid almost exactly twice what it would cost to lease (based on the best advertised lease deal), but i will also have full equity in the vehicle (whatever that is 3 years from now)
but i do agree it is one heck of a lease deal. especially since you can get into a crossfire lease for much less than the competiting vehicles. i would have considered leasing but i wasn't sure whether i was going to keep my beater vehicle around (for mileage considerations).
lots of good points on both sides 8)