Leasing question
#1
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Leasing question
I was thinking about leasing a S2000 for 3 years so that I could have lower payments while my wife was in law school and not working. After the lease was up I was going to pay of the rest possibly in cash but most likely financed over another 2-3 years. Is this a bad idea in respect to interest? Or will the interest paid be about the same as 6 year finance since I will be buying the car in the end? Also I plan to put about 6-7K down at lease signing as a cap reduction. What do you all think, this would be my first lease and I am not sure if this plan is going to cost me a lot more in the end. Thanks
#3
Originally posted by mingster
you'll most likely end up paying more - how much more depends on a variety of factors in your lease.
you'll most likely end up paying more - how much more depends on a variety of factors in your lease.
On a side note, I leased my car and am very proud of the fact that I will save a heap of money in the end (do a search and you'll find my many comments on the subject) because of the high residual value of the S2K, but I don't marry cars either, I'll flog this one and get a new one when the warrantee runs out...simple.
Andrew
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Triple-H
Southern Ontario S2000 Owners
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02-15-2005 07:15 PM