Question:
So when you finance it, the payment are still low because you are not financing the entire amount. The only thing that will be added on is Title since Tax & License were paid on the lease, right?
Answers:
Just remember to check the going price at the end of your lease. The residual amount is often higher on the lease because they know if you're interested in purchasing after leasing that they have a live on on the hook.
Leasing and then buying is a decent financial strategy but after the lease is up, I've always been thirsty for another new vehicle.
Don't buy or lease a new car unless you have money to throw away.
THEY COST TOO MUCH AND DEPRECIATE TOO SOON.
Buy used and invest the difference.
I'm not a huge fan of a lease.You are basically paying to rent.Make sure you get the buy out figure in writing at the time of lease.Make sure you know all the charges up front so they don't try and hit you with them at the end.
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