Quote:
Originally Posted by SteveinArizona
Quote:
Originally Posted by TheBingoBalls
Not going to get into a buy vs. lease debate but if you like your car and have no problems with it, buy it out - don't think about the interest you paid vs. buying it out from the start.
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I don't agree. If the buyout is well above street value, and there are CPOs available with the same or similar packages, why pay the inflated price when you can get someone else's nice car. |
Because you don't know the history of that used car - any additional money that you spent during the lease is the price you pay for "testing" out the car. Personally, if I'm leasing and I'm looking to buy out the car, I'm going to buy out the car I drove and know the history of. Again, most of the discussion regarding buying on this forum always comes down to price - find the car that's the cheapest which is fine but if that's the case, never buy new.
Your thought is logical but in this situation, the fact that OP leased the vehicle that they want to buyout has some value.