Quote:
Originally Posted by Bavarian Motorist
Sorry if I'm not clear...
If you lease a car for 36 months and you agree to pay 60% of the value which is... $30,000, you pay $30,000 and return the car. That money's obviously gone.
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You should only lease if the deal is attractive enough and it varies based on brand and even specific model types.
In your scenario, you're paying 60% of the vehicle over a 3 year period which isn't a good deal. 40% over three years is a good deal but I think most cars now are somewhere in the 50% range. Lease was a better option 5-10 years ago when banks were pretty optimistic on residuals (like 40%).