Leasing Terms - 36 vs. 48 mnths
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Leasing Terms - 36 vs. 48 mnths
ok, so my date to receive the car is getting closer.. apparently the car is on a boat as we speak, should hit our eastern shores sometime in and around Oct 15th, and i'll get my mitts on the car sometime late Oct.
now just trying to decide on some details regarding leasing, specifically, the duration of the lease.. should i go for 36 months or 48 months.
after doing a bit of research, the message i'm getting is to go for a lease no more than 36 months. my question is why?
.. i mean besides obvious reasons such as being able to change cars faster.
trying to look at it from the most beneficial economical position so bear with me as i ain't no finance guy.
ok, so here are some basic assumptions (that i know today.. yes i know things can change but these are my thoughts as of today)
1. i'm not going to buy the car after leasing
2. after this lease ends, i will, in all likelihood, lease another car
3. basic bumper to bumper warranty covers 4 years without the need to purchase additional extended warranty.
so my question is, given my basic assumptions, it would appear to be better to go for a 48 month lease as opposed to 36 mnths. and the reasons being the monthly payment on a 36 month lease is higher than on a 48 month. yes, the total payout is less on a 36 vs. 48, but the thing is, i'm going to continue leasing another car after the current lease runs out, so in effect, i'll be constantly "renting" the car. then it would make more sense to pay the lowest monthly amount possible right? also the more frequent you have to change cars, over the long run, the more moneys you have to pay out in terms of more frequent fees such as freight and PDI with each new car lease.
anyhow, just wondering if i'm missing something and that there are other reasons why leasing for 36 or less is best.. again, with the best financial benefit as my main driver.
now just trying to decide on some details regarding leasing, specifically, the duration of the lease.. should i go for 36 months or 48 months.
after doing a bit of research, the message i'm getting is to go for a lease no more than 36 months. my question is why?
.. i mean besides obvious reasons such as being able to change cars faster.
trying to look at it from the most beneficial economical position so bear with me as i ain't no finance guy.
ok, so here are some basic assumptions (that i know today.. yes i know things can change but these are my thoughts as of today)
1. i'm not going to buy the car after leasing
2. after this lease ends, i will, in all likelihood, lease another car
3. basic bumper to bumper warranty covers 4 years without the need to purchase additional extended warranty.
so my question is, given my basic assumptions, it would appear to be better to go for a 48 month lease as opposed to 36 mnths. and the reasons being the monthly payment on a 36 month lease is higher than on a 48 month. yes, the total payout is less on a 36 vs. 48, but the thing is, i'm going to continue leasing another car after the current lease runs out, so in effect, i'll be constantly "renting" the car. then it would make more sense to pay the lowest monthly amount possible right? also the more frequent you have to change cars, over the long run, the more moneys you have to pay out in terms of more frequent fees such as freight and PDI with each new car lease.
anyhow, just wondering if i'm missing something and that there are other reasons why leasing for 36 or less is best.. again, with the best financial benefit as my main driver.
MBWorld Fanatic!
Joined: Jul 2002
Posts: 2,677
Likes: 3
From: California
i535
Agree, I had a lease for 49 months and count months. Your car can also collect more wear signs for long lease, so you may pay for that after returning car. I slao hope that MB will return some missed options in US model and provide more powerful engine, so you can get much better C after 2 years.
