http://www.ridewithg.com/index.php/2008/10/09-apr-on-08-g37-coupe-expires-152009/ auto leasing tips, find monthly lease rates, industry news and rants Fri, 30 Jul 2010 21:20:33 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.ridewithg.com/index.php/2008/10/09-apr-on-08-g37-coupe-expires-152009/comment-page-1/#comment-760 G Wed, 08 Oct 2008 17:14:27 +0000 http://www.ridewithg.com/?p=595#comment-760 JC: When you do back-to-back leasing, you also have to consider the upfront costs such as bank fees, deposits, registration, etc...you are also assuming that the price will remain exactly the same for your next car 3 yrs later. That may not be the case. You may have to downgrade in order to keep your payments low, specially with cars getting more expensive every year. But you do have a point here, there are a lot of factors to consider whether you lease or buy. If you heart is set on a specific car and great financing is available, buying is always the best choice. When it comes to leasing, we have to be more "flexible" with our choices because lease rates change from month to month. JC: When you do back-to-back leasing, you also have to consider the upfront costs such as bank fees, deposits, registration, etc…you are also assuming that the price will remain exactly the same for your next car 3 yrs later. That may not be the case. You may have to downgrade in order to keep your payments low, specially with cars getting more expensive every year.
But you do have a point here, there are a lot of factors to consider whether you lease or buy. If you heart is set on a specific car and great financing is available, buying is always the best choice. When it comes to leasing, we have to be more “flexible” with our choices because lease rates change from month to month.

]]> http://www.ridewithg.com/index.php/2008/10/09-apr-on-08-g37-coupe-expires-152009/comment-page-1/#comment-756 JC Wed, 08 Oct 2008 03:42:56 +0000 http://www.ridewithg.com/?p=595#comment-756 I'm currently looking at getting into a new G37 myself. My heart was on leasing, but the APR for finance looks pretty good. Maybe I misunderstood, but I just want to point out that over the course of the 3yr lease, you pay $19392 (plus taxes). Meanwhile, you end up paying $23856 when you buy after 36 months. You would still owe about $14000 on the car at that point in time. That means that you would have to sell the car at about $18500 or more for financing to be a better choice, which I believe is more than doable in this case. If you were to do back-to-back leases, you would pay about $39000, but you would have TWO brand new cars over the course of 6 years. On the other hand, buyng a car, at the previosuly mentioned rate over 72 months, it's like you're paying $520 per month. However, if you decide to sell the car after 6 years, you'll likely get about $12k for it. So in reality, after you factor everything in, it's either paying $20k every 3 years for a brand new car (and not worrying about breakdowns or major maintenance), or $14k every 3 years (but be stuck with the same junk and forced to pay for repairs/maintenance). The whole thing with 0.9% is throwing my example off, but there's always things to consider. So the choice is not always "clear." I’m currently looking at getting into a new G37 myself. My heart was on leasing, but the APR for finance looks pretty good. Maybe I misunderstood, but I just want to point out that over the course of the 3yr lease, you pay $19392 (plus taxes). Meanwhile, you end up paying $23856 when you buy after 36 months. You would still owe about $14000 on the car at that point in time. That means that you would have to sell the car at about $18500 or more for financing to be a better choice, which I believe is more than doable in this case. If you were to do back-to-back leases, you would pay about $39000, but you would have TWO brand new cars over the course of 6 years. On the other hand, buyng a car, at the previosuly mentioned rate over 72 months, it’s like you’re paying $520 per month. However, if you decide to sell the car after 6 years, you’ll likely get about $12k for it. So in reality, after you factor everything in, it’s either paying $20k every 3 years for a brand new car (and not worrying about breakdowns or major maintenance), or $14k every 3 years (but be stuck with the same junk and forced to pay for repairs/maintenance). The whole thing with 0.9% is throwing my example off, but there’s always things to consider. So the choice is not always “clear.”

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