-What are your lease payments-
02-13-2004, 09:08 PM
#3
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There's an identical thread in the recent archives (past couple months) with several posts detailing people's lease payments (and another about insurance payments).
As for lease vs. buy, this has been extensively discussed as well.
The simple answer is, there's no simple answer.
If you keep cars for a long time, buying can be more cost effective.
For people who turn over their cars frequently, leasing is often cheaper.
Business write offs, investing environment (interest rates/market cycles etc) all have an effect on the lease vs. buy equation.
The majority of people with cars in the >$70K segment lease these days.
As for lease vs. buy, this has been extensively discussed as well.
The simple answer is, there's no simple answer.
If you keep cars for a long time, buying can be more cost effective.
For people who turn over their cars frequently, leasing is often cheaper.
Business write offs, investing environment (interest rates/market cycles etc) all have an effect on the lease vs. buy equation.
The majority of people with cars in the >$70K segment lease these days.
02-13-2004, 09:50 PM
#4
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2007 M5, 2004 X3 3.0i
I dont know if I would say the majority in the >70k range lease "these days"...i would say that leasing is a tool that has enabled people who otherwise could not drive a car in that range to be able to drive it for 3 years without putting the typical amount of money down required to have a reasonable payment. Thus it has increased the number of cars produced in this range.
I still also think those who historically could afford to purchase cars and did so in this range, still do, and maybe they lalso ease cars they know they wont drive often and just have as a toy on the side.
I still also think those who historically could afford to purchase cars and did so in this range, still do, and maybe they lalso ease cars they know they wont drive often and just have as a toy on the side.
02-13-2004, 11:23 PM
#5
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Porcelain Bus
Selling price $81,500
48 month sign and drive lease, $0 at delivery
12,000 miles/year
residual at 48 months 50% of sale price
$1091 plus 6% tax /month
from Mike Latham at www.autoleasingspecialist.com (North Texas Auto Leasing)
MB credit wanted $120 more per month with a higher residual.
48 month sign and drive lease, $0 at delivery
12,000 miles/year
residual at 48 months 50% of sale price
$1091 plus 6% tax /month
from Mike Latham at www.autoleasingspecialist.com (North Texas Auto Leasing)
MB credit wanted $120 more per month with a higher residual.
02-14-2004, 10:00 AM
#6
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2004 S55
Originally posted by ThemisN
I dont know if I would say the majority in the >70k range lease "these days"...i would say that leasing is a tool that has enabled people who otherwise could not drive a car in that range to be able to drive it for 3 years without putting the typical amount of money down required to have a reasonable payment. Thus it has increased the number of cars produced in this range.
I still also think those who historically could afford to purchase cars and did so in this range, still do, and maybe they lalso ease cars they know they wont drive often and just have as a toy on the side.
I dont know if I would say the majority in the >70k range lease "these days"...i would say that leasing is a tool that has enabled people who otherwise could not drive a car in that range to be able to drive it for 3 years without putting the typical amount of money down required to have a reasonable payment. Thus it has increased the number of cars produced in this range.
I still also think those who historically could afford to purchase cars and did so in this range, still do, and maybe they lalso ease cars they know they wont drive often and just have as a toy on the side.
02-14-2004, 05:12 PM
#7
Originally posted by Dr Chill
Selling price $81,500
48 month sign and drive lease, $0 at delivery
12,000 miles/year
residual at 48 months 50% of sale price
$1091 plus 6% tax /month
from Mike Latham at www.autoleasingspecialist.com (North Texas Auto Leasing)
MB credit wanted $120 more per month with a higher residual.
Selling price $81,500
48 month sign and drive lease, $0 at delivery
12,000 miles/year
residual at 48 months 50% of sale price
$1091 plus 6% tax /month
from Mike Latham at www.autoleasingspecialist.com (North Texas Auto Leasing)
MB credit wanted $120 more per month with a higher residual.
