I'm looking for a $800 monthly payment so here are my choices:

a) Lease a 2004 E55 w/ basic options for 60 month and $12K down w/ the residual being 36% of MSRP less the gas guz tax. After 5yrs, residual is $29,232.00.

b) Purchase a 2004 E500 w/ $12K down for 60 month

c) Purchase a 2004 C32 w/ $12K down for 60 month

I like all these cars but I rather have the E55. I'm not sure about leasing a car for 5yrs. I do not own a business so there's no write-off on my taxes. If you guys could help put any sense into my situation, please feel free to do so.

Thanks in advance

 

One of my hobbies is crunching numbers for our budgets. It's an obsession. My wife used to laugh at me till I made her dream of a Grand Cherokee 5.9 come true, as well as a home, and very nice cars along the way, this E55 being the latest. I don't let numbers scare me away. But I will admit that this lease or finance thing is enough to, as the guy said in that Dell commercial, make your head spin. LOL But I wil say this. I now know what a major difference a step up can be. I would highly recommend the E500, or better yet the E55, over the C32. The enjoyment is on a whole other level in my opinion.