Quote:
Originally Posted by JDM_CTR
But as at the same time did you also factor in the TAEXES and FEES associated with buying out the lease at the end of your term.
By all means lease the car if you want to , but from what i see at work it is it is good if you're on ltd budget and want new cars every 3 years, but can you guarantee that even though your residual is $13,836 plaus applicable taxes and fees , will the ACTUAL CAR VALUE of that car be a POSITIVE OR NEGATIVE number after your term ends. easy to say "SURE IT WILL" but ask MAZDA what their "estimated" residual value is after a 36 month term based on 24,000km per year. if it ends up less than 55% of original value maybe not that worth it after all.
JUST MY $0.02
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Yes there are taxes and fees when buying out the car at the end of lease. But you also need to keep in mind that you also pay less taxes at the beginning. So the math works out the same.
IF the car worth more than the residual value after the term then cool. YOU can buy the car and resell it to make some money.
IF the car worth less than the residual value then you can just leave the keys to Mazda and leave.
For leasing, you are paying for the depreciation value of the car at each month.
The math works out the about the same.