Estimated lease payments?
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From: chicagoland
08 E63
the best thing to do w/ cars that depreciate a lot is to lease them. that way when your lease is up, u just return the car w/o worrying about selling ur depreciated car.
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i535
I agree lease payment for C63 should be high, $1500 or something. I'd recommend to lease E63, your payments can be under $1K. I do estimates based on E550 where I was quoted for $890.
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From: Cave Creek, AZ and Newport Beach
'22 G 63 AMG, '21 GLE 53 AMG, '20 NSX
A C63 with 5000 down will by 1100 plus tax for the math challenged.
Jimmy
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2002 C32, 2011 VW GTI
The only flaw in that logic is that when you lease, you are paying the depreciation. That's what the lease payment is based on, plus an interest rate. The best thing to do with cars that depreciate a lot is wait a few years and buy them for 1/2 the original price with low mileage.
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From: chicagoland
08 E63
The only flaw in that logic is that when you lease, you are paying the depreciation. That's what the lease payment is based on, plus an interest rate. The best thing to do with cars that depreciate a lot is wait a few years and buy them for 1/2 the original price with low mileage.
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From: Upstate NY, Ponte Vedra FL
SL55, Cayenne S, Tundra, 360 spider
The only flaw in that logic is that when you lease, you are paying the depreciation. That's what the lease payment is based on, plus an interest rate. The best thing to do with cars that depreciate a lot is wait a few years and buy them for 1/2 the original price with low mileage.
right on target. I bought my SL55 one year old with 8k miles on it for 90k. I saved 50k off the sticker. I just sold the car after a year of use for 75k. Total cost of use 15k. If I had leased the car new I would have experienced nothing more than I did on the good side. If I had leased I bet my payment would have been way more than 2k a month probably close to 3k a month. So for the same 12 month period I would have paid 24k-36k not the 15k I did paid. I would have also been locked into a car for 24-36 months which would have been 12-24 months longer than the excitement of owning the car would last.
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From: Upstate NY, Ponte Vedra FL
SL55, Cayenne S, Tundra, 360 spider
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Financing is the alternative for those who would otherwise pay cash (if they had it). Leasing is a completely different option as there are other implications to consider.
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i535
Obviously your payment will be higher at financing. So if we return to math, your ownership cost for one year will be higher as well. You have also a risk to do not sell a car quickly, so you can lose even more money.
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2002 C32, 2011 VW GTI
When leasing though, you generally want to get the car with the highest residual value possible because your payment will be lower. I've nothing against leasing and have done it twice -- '98 Civic EX (250/mo) and currently a '06 RSX Type-S (290/mo). Those payments are so low because the cars had high residual values. A Scion Tc which had a considerably lower MSRP than the RSX had a lease payment of nearly 100/month higher! So you can often get a better car for less if you lease -- depending on the market segment you're looking at of course. Unfortunately, with luxury German cars, it usually doesn't much matter. They all go down pretty fast. Leasing makes most sense for people who tend to switch cars every few years.
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Joined: Dec 2007
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Evo IX MR
These rates seem really high. Last spring there was a $999 deal on the E63. It was a 33 mo lease with $6K down and a 63% residual. The MSRP was around $94K and included the P2 package. How could a $70K car command a similar or higher
payment even considering the $6K down that was required?
It can definitely be expected that there will be many dealers jacking the price up on this car for awhile. Seems like a lease may avoid that problem and keep your options open down the road.
Why not lease since it avoids the depreciation issue mentioned above and generally allows one to drive the pee out of the car and have fun doing it.
payment even considering the $6K down that was required?It can definitely be expected that there will be many dealers jacking the price up on this car for awhile. Seems like a lease may avoid that problem and keep your options open down the road.
Why not lease since it avoids the depreciation issue mentioned above and generally allows one to drive the pee out of the car and have fun doing it.
Someone break it down for me please.
