Quote:
Originally Posted by volcom
To think of it if you can also compare how much you can get back if you buy the car w/ Financing is $13,153.44 ($28,153.44 - $15,000) vs the buy out lease at the end of 3rd yr is $13,836.80
That's like only a $683.36 difference!  |
Are you going to be sitting on $13k of cash to buy out the car at the end of lease? If not, throw in additional finance charges.
Leasing is generally the better ("cheaper") choice if one is planning on turning over their car every two or three years. Conversely, buying a car and holding it over a period of 5-6 years (I think - the break-even time depends on a number of factors) ends up being cheaper than leasing cars during the same period. You also have the equity in the car.