Quote:
Originally Posted by SpeedyATL
Yes, leasing is total shit right now. Much more painful to pay the depreciation from a non-discounted MSRP over just 36 months vs over 60+ months in a purchase.
It's purely psychological for me, but rather than leasing, I'm going to buy and put down in cash what I think the car will be worth in 5 years. Then make 60 payments that should closely approximate the monthly depreciation (assuming I hold it to the end of the 60 mon). Then at the end, I can use the paid for car as trade equity and recapture a bit of sales tax credit on a purchase or cash out if leasing is attractive again at the time.
Again, doesn't really change the numbers, just help me sleep at night knowing my pmt isn't twice what it might otherwise be. And, with inflation running crazy, I can pay back the loan in less valuable dollars....there's that.
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All good points “unless” you can write the lease off through your business. Then it becomes a different equation