Quote:
Originally Posted by steve090619
You never buy a leased vehicle. Add up your 3 years of lease payments plus buyout, your probably close to $2 to 3k over sticker cost. With all incentives, buy a new car this time.
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What about the time value of money? He has not had to pay the total up front but has paid much of it over three years and the bulk of it after three years. That will likely eat up the $2-$3K you cited.
On the other hand, no one buys a BMW and pays sticker. So I agree that leasing and then purchasing for the residual is not a sensible plan unless he was able to negotiate an excellent starting price on the lease deal.