GT350 deuce
Well-Known Member
@JPJrI would not recommend leasing. If you have someone you know that can talk to you about it that has a little more info talk to them. All I can say in short with the little info I do know about on it is this, you will essentially end up spending more money on the vehicle if you lease then buy it because of the residual value it will be determined at after the lease is over. I wanna say when I looked into this with the guy who ordered my car I think it was somewhere around 5-6k more in extra funds I would have just been throwing down the drain. I could be wrong or a little high on this but I'm pretty sure someone else can chime in and will say something similar.
leasing makes sense in 2 main scenarios:
1) you're able to invest the unused portion that otherwise would have been paid to buy it outright (i.e. able to get a 10% return on cash, finance rate only 2%...net 8% in the positive)...though in this day and age, unlikely
2) you're leasing as a business and able to write off the full lease expense annually (vs standard deprecation rates)
being that #1 isn't really viable in this economy and if #2 doesn't apply, better bet is to go ahead and buy it from the start
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