Quote:
Originally Posted by 2045
Yeah. I've done it a lot. Since I never really keep them for the entire term, leasing is a good way to play with it for a reasonably short amount of time, especially our 10% sales tax is gone when buying. Monthly payment used to be important since if the number is attractive then it's easy to unload to someone that takes over the lease. Nowadays, slight used cars are hot cakes. often time you'll be ahead of the game when selling.
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Yep. Depends entirely on the state/local tax situation. The money factor/residuals aren't super attractive but neither is tacking on $5000+ in sales taxes to a loan. I know looking at monthly payments is generally frowned upon - but leasing was about $200 a month cheaper than financing in my locale. I was looking at a $1,150/60mo (2.24%) on a 56k MSPR car vs 948/36mo (0 down) BMWFS lease. I'll happily hedge on the fact that these cars will remain relatively rare and difficult to acquire over the next 3 years given everything that's happening - so the used value should remain high. This is also a first generation car (knock on wood), so having the option to be cut entirely free of the car at the end of the lease is advantageous.