Leasing?
Thread Starter
Newbie
Joined: Dec 2003
Posts: 4
Likes: 0
Leasing?
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
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
Senior Member
Joined: Nov 2003
Posts: 285
Likes: 0
From: Newburgh, NY
2004 E55
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.
