Excellent Deal on GLK in Los Angeles
Senior Member
Joined: Feb 2009
Posts: 354
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From: Toronto, ON
GLK 350 4matic
If you are having the same down payment, the factors affect your monthly payment in lease will be 1. car price, 2. Residue value end of lease, 3. APR.
A cheaper car can end up with higher monthly cost, if you have low residue value and high APR.
A cheaper car can end up with higher monthly cost, if you have low residue value and high APR.
MBWorld Fanatic!
Joined: Jan 2009
Posts: 2,780
Likes: 115
From: Northern NJ
GLK 350 / Porsche 993
I guess if you prefer new car every 3 years, it doesn't matter much if you lease of buy.
My thing is that 590*39=23010 plus 3500 upfron cash (if understood you correctly). So you are paying 26510 over 39 months. 45k msrp is about 41k if you buy with today deals. If you finance with 3500 down, at .9% for 36 months, it's 1056, let's say 1100 with taxes and fees added in.
So with lease you pay 26510 over 3 years and have no car at the end.
With financing you pay 43100 (1100*36+3500) and have fully paid off car at the end.
For you to break even car has to be worth at least 16590 (43100-26510) in 3 years. I think even trade in would be higher that that.
My thing is that 590*39=23010 plus 3500 upfron cash (if understood you correctly). So you are paying 26510 over 39 months. 45k msrp is about 41k if you buy with today deals. If you finance with 3500 down, at .9% for 36 months, it's 1056, let's say 1100 with taxes and fees added in.
So with lease you pay 26510 over 3 years and have no car at the end.
With financing you pay 43100 (1100*36+3500) and have fully paid off car at the end.
For you to break even car has to be worth at least 16590 (43100-26510) in 3 years. I think even trade in would be higher that that.
Newbie
Joined: Jan 2009
Posts: 19
Likes: 0
From: Yorba Linda
993 Twin Turbo
I guess if you prefer new car every 3 years, it doesn't matter much if you lease of buy.
My thing is that 590*39=23010 plus 3500 upfron cash (if understood you correctly). So you are paying 26510 over 39 months. 45k msrp is about 41k if you buy with today deals. If you finance with 3500 down, at .9% for 36 months, it's 1056, let's say 1100 with taxes and fees added in.
So with lease you pay 26510 over 3 years and have no car at the end.
With financing you pay 43100 (1100*36+3500) and have fully paid off car at the end.
For you to break even car has to be worth at least 16590 (43100-26510) in 3 years. I think even trade in would be higher that that.
My thing is that 590*39=23010 plus 3500 upfron cash (if understood you correctly). So you are paying 26510 over 39 months. 45k msrp is about 41k if you buy with today deals. If you finance with 3500 down, at .9% for 36 months, it's 1056, let's say 1100 with taxes and fees added in.
So with lease you pay 26510 over 3 years and have no car at the end.
With financing you pay 43100 (1100*36+3500) and have fully paid off car at the end.
For you to break even car has to be worth at least 16590 (43100-26510) in 3 years. I think even trade in would be higher that that.
I see what you are saying. Its a matter of doubling monthlies and gambling that the car will be worth something when you are ready for the next one.
Newbie
Joined: Jan 2009
Posts: 19
Likes: 0
From: Yorba Linda
993 Twin Turbo
Yes, those are the mechanics of how this all plays out.
