Re: OS Cars Thread
You are paying for what you 'use,' in a way. The cars depreciation value.
The car I got, 2011 Nissan Maxima. MSRP was 40K.
At the time I got it, I was able to negotiate down to about 36 and change.
My cars buyout, after lease-end, is 22K. After all my payments are in for the lease, I would have paid just about $16,500.
It's not you own nothing at the end. You paid for what you used, and still have the option to buy it out.
They predict the cars worth to be about 22K after 3 years. It could be lower, or it could be higher. This is where the benefit of leasing comes into play.
Usually, like in my case, I get free oil changes and tire rotations at the dealer, so that expense is taken out.
Also, for most cars, 3 years and you are not running into any major repairs.
Also, for restricting to 12,000 miles, not entirely true, as you have a choice.
In the end, most dealers have in your terms, an average of .15cents per mile over, that would most likely be waived if you get something else.
I see and understand the benefits of both.
If I decide to buy out the Maxima and pay it off at lease end, I'll most likely end up making out better than financing from the beginning, although, it doesn't always work out that way.
EDIT: BTW, I just realized I have horrible structure in my post.
You are paying for what you 'use,' in a way. The cars depreciation value.
The car I got, 2011 Nissan Maxima. MSRP was 40K.
At the time I got it, I was able to negotiate down to about 36 and change.
My cars buyout, after lease-end, is 22K. After all my payments are in for the lease, I would have paid just about $16,500.
It's not you own nothing at the end. You paid for what you used, and still have the option to buy it out.
They predict the cars worth to be about 22K after 3 years. It could be lower, or it could be higher. This is where the benefit of leasing comes into play.
Usually, like in my case, I get free oil changes and tire rotations at the dealer, so that expense is taken out.
Also, for most cars, 3 years and you are not running into any major repairs.
Also, for restricting to 12,000 miles, not entirely true, as you have a choice.
In the end, most dealers have in your terms, an average of .15cents per mile over, that would most likely be waived if you get something else.
I see and understand the benefits of both.
If I decide to buy out the Maxima and pay it off at lease end, I'll most likely end up making out better than financing from the beginning, although, it doesn't always work out that way.
EDIT: BTW, I just realized I have horrible structure in my post.
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