Quote:
Originally Posted by F4ith
Same mentality but we're not necessarily paying the same, and defintely no where near less, as financing.
My lease paperwork shows that if I decide to buy out afterwards, I'd pay roughly $33k total BEFORE interest on the 18k residual, or I can just pay it all up front at lease end. If I were to finance right now, I'd pay $30K otd BEFORE interest. That's a $3k difference.
But I don't think of it like that. I think our generation tends to favor those with cash in hand. I still leased dispite of that bc:
1) smaller monthly payments
2) a limiter to control myself on modding the car too heavily (otherwise I'd have rocket bunnyed her so fast)
3) warranty
4) I know for a fact my car will be worth more than Toyota's "estimated" residual of $18k when I'm done bc I barely drive her with a 10 mile round trip daily commute + I have a bike. Theoretically the profit I make should break me even
4a) if the value of the car still drops significantly, I can return the car and still lose less than those who financed
5) if they turbo her, I can swap easily
The more I read, the happier I am with my lease. Gives me so much freedom and peace of mind for a small price in my opinion. I try to minimize stress so I do place a $$$ value on things that stress me out. I see so many people worry about "what if a turbo comes out" or "the value is dropping" and I'm so glad I don't have to worry about that.
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well I am actually paying less by leasing than if I were to finance. I'm still gonna put a rocket bunny on mine regardless of the lease and do all the other mods as well, since I plan to buy out at the end anyways.