i guess it's not just down to payments.. do you mean if a monthly lease payment is lower than finance payment, then it is better to lease? a lease vs finance calculator does not consider the fact that you will forever have a lease to pay, versus if you finance, your payment stop after 5 years for example.
Assuming buying outright is not the option, will you finance or lease your next car? What are the t ...
ff0098765 發表於 2010-3-10 16:34
The salesman tend to talk you into leasing,
after 2 years, you get no equity in that car at all.
However, for small business, it is totally different,
you pay payment a monthly at a time, no down payment
required , and everything is taxable. most people do not
bother to do any maintenance other than fuel, then return
the car when the lease expires.
It is not worth to lease if you cannot write off all the expenses.
Usually the interest rate is lower for leasing, but you get nothing
after the lease expire.
Financing interest is slightly higher but your car will be paid for.
Most people will not consider buying out the leased car because
they will be paying the full used car price, usually 60% of the
current price, after they paid for 3 years
Depends, that is how they usually sell the used cars for,
then the mileage, damage and collision records.
Usually the leased car owners do not take good care of the cars,
since they are not going to keep them.
36 months lease you have already paid 75% of the car but they
do not give you any equity for buying out, that is the way leasing work.
also, not all people can financial the car that they want, so leasing will be their option. mostly no/low downpayment and low monthly payment.
no, most people will not buy out the lease car, why, as you said, they don't take good care ma.
some people use a company to lease a car, at the end of the term, they will buy the car under personal name.
usually lease car has restriction on mileage & damage.
as i mentioned before, you should compare the total payment from lease & finance and start from there
Tax benefit: 100% deductable,
arrange the monthly payment from the company account,
use the company credit for all the gas/maintenance/car wash expenses.
The mileage allowed is usually 20,000 KM/year
I returned 4 cars after lease expire, they usually withhold a month payment
in case of major damage, minor scratch, don't bother
發表於 2010-3-10 16:34
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