Quote:
Originally Posted by iDerek
what do u think of leasing and buying back after?  |
It's all dependent on the terms in the lease. Sometimes you can negotiate prior to leasing the car, what the buyout terms would be. Other times, they are already stated in the lease agreement.
I've never actually done it myself, though I would imagine it would be cheaper if you knew what you wanted to do prior to making the lease or just buying the car. Chances are, the negotiable price of the car after or during the lease period is not going to be as good as when you initially had the option to just purchase it. From their perspective, they've already won.
Anyways, back to financing...
Even though your agreeing to pay more over the entire course of the loan, by the time the loan is paid off, there is a chance you'll have saved more money than have lost, assuming you're wise with your money. The time value of money says that a dollar today is worth more than a dollar tomorrow, and it's true! If you were to throw down $25k cash and buy the car, you're out $25k instantly, as opposed to maybe just $3000-4000 for a down payment. The rest of the money can be invested in different ways to yield other returns. Plus, you're building credit.
Just another way to look at it...