Please post you lease numbers, so i can get a good idea of where I should be.

Thanks

 

48mo/15k miles
$3000 down, $289 Doc fee, first months payment ($349)

$349 a month.

 

The capitalized cost reduction (down payment) and the monthly lease payment numbers are fairly meaningless unless you know the lease rate and the residual value. Just looking at the early money out of pocket is short-sighted and probably at least a little foolish.

 

Assuming a residual value of roughly $18000 at the end of the 48-month lease period, the total of all of PilotKD's payments (the $ down, the fee, the first month, and the 47 payments) if he/she wants to buy the car at the end is, roughly, $38359 (!). The down payment, fee, first month and the monthly payments alone are $20359. Whether that is worth it is up to the buyer. I know that the desire for an S2K is real strong for some of us, so the money might not stop us! But you should at least do the numbers to see what you're committing yourself to before signing any deal.

 

24 months $627.48 per month

36 months $465.21 per month

48 months $403.04 per month


Those prices are with $0 down, 12,000 miles/ year, and including all fees and taxes.

 

Sorry, but I already know I'm not buying the car at the end of the lease. Why bother leasing? If I wanted to own the car I would have financed it, so I don't look at a lease from your prospective. The whole point of leasing is to get a nice car for 3-4 years for a lower monthly payment than financing without having to put a lot of money down and then you give it back to the dealer. Finished, done, end of story. Time to get something new. I would have had to put down $18,000 on the car to get the same monthly payment. I'd rather keep my $18k in the bank rather than put it into something that just going to depreciate. Just my .02.

My buyout is $18,309. Purchase price was $31,195+550 "aquisition fee".

Kris

 

38359 includes financing costs and some other admin fees related to leasing.

Leasing is good because you dont have the hassle to try to find a buyer if you want to sell the car after 3-4 years...the additional cost comes from the fact that you finance (most of the times) 50-58% of the value of the car and the cost of the option (buy it at end of lease or leave it).

Plus the money left at the bank make u fell nice and u can enjoy ur life more. It is financial leverage, as long as you have income it is good...

I bought my car (Jetta) and now that I want to sell it I have to run around just to match the lease deal still haven't done so and hence no S ... )It's furstrating....

 

I agree with you. I meant to point out to other readers that we should run the numbers even when we are swayed with the thought of acquiring one of the best cars in the whole world! Buy or lease; we can get good deals or be screwed. We all need to stop and think before signing. Don't you agree?

 

bump, keep em coming....

 

um, how did you come up with those numbers? What bank are you working with for those prices? I see that you live in IL, which means you have to roll your taxes into the payment. If that is the case, what is your selling price, Residual value, money factor, etc... Also, what is your cash outlay vs. a Honda Motor Finance 60 month payment (assuming a 36 month lease)