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yeah, but it all depends..............
Posted by kerry (more from kerry) on Sat, 17 Jan 2004 17:42:17
In Reply to: Re: End of lease purchase coming up -- any tips?, JB, Sat, 17 Jan 2004 17:16:11
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what the initial money factor was used when the car was initially leased. My car payment right now is $379/month for a 2002 linear. They sold me or leased me the car for $29,265. If you multiply the $379 times the 36 months that comes out to $13,265 Add that figure to my residual of $16,000 and you are looking at $29,265. It seems to me as if the money factor used at the time of leasing was almost 0%. It was a no brainer to lease the car vs buying it. For the same reason, it might not be a bad idea to buy this particular car at the end of the lease. you are indeed right as far as buying a car at the end of the lease, butthe way Saab leases their car and with the money factors they use, it might make sense to buy their car. Only if it all adds up of course.
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