Date: Fri, 28 Jan 2000 13:00:25 -0800 From: Ken Washington <kenwashnopsamnk.com> Subject: Re: 1st time driving a saab (9-5 SE Wagon)
My former father-in-law was in the car business. He explained leasing to me one day. After his explanation, the only way to go with a luxury car is to lease, unless you just feel you have to buy it. You say the cap cost of $3200 is money that is just gone. Well, if you bought that 9-5 wagon, the minute you drive it off the lot, you lose 20% of the value. If the car is $40,000 to $42,000 that is $8000 to $8400 you can kiss goodbye. If you buy the car and make payments, by the time you finish paying the principal and interest, you are going to pay $50,000 to $60,000 or more depending on your interest rates. The monthly lease payments, tax, tags, title and cap cost put in the car for about $20,000 for 3 years. If your lease is right, you can drop off the old one and get a new one, or just walk away. Take the difference in the money you save on the lease and invest it for 3 years. Ken Washington 87 9000S 87 900S 83 900T -----------== Posted via Newsfeeds.Com, Uncensored Usenet News ==---------- http://www.newsfeeds.com The Largest Usenet Servers in the World! ------== Over 73,000 Newsgroups - Including Dedicated Binaries Servers ==-----
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