Quote:
Originally Posted by dgoldenz
General rule of thumb for leasing is that if you roll in all taxes and fees and pay $0 up front, your lease payment should not be more than 1% of the MSRP. Anything over that and you're getting hosed. You can buy whatever you want but that doesn't mean it's a good decision when there are better options out there for the money. You do you though, I just can't imagine forking over $60k to drive an X6M or a Lucid for 3 years. I mean you could buy a Ghost/Wraith and drive it every day and lose less than $60k in 3 years lol. I paid less than that for my Panamera Turbo S which was $223k new, downside is maybe $15-20k max over 3 years?
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Your rule of thumb isn't accurate.
If you get a $30000 car for $360/month that would be $1500 month for a $125,000 car.