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      10-26-2021, 12:32 PM   #5
Alfisti
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Drives: 2008 Saab 9-3 Combi
Join Date: Nov 2014
Location: Toronto, Canada

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Because the numbers don't tally. The residual is usually artificially high to keep the lease payments under control so the buy out is ridiculous. Leasing only works if you're writing it off or will otherwise buy a new car every 3 to 4 years. Otherwise just buy.

Remember every new purchase or lease includes a RAFT of dealer charges and fees, so keeping a car just 3 years then turning it over is financial suicide unless one just doesn't care. I mean $1100 month for a MACH 1, you're talking what, hair under $52K in 4 years and you own NOTHING. 68,700 cash price plus taxes is $77K. No way the Mach 1 is worth $25k in 4 years, it'll be closer to double that.

That's madness.

Last edited by Alfisti; 10-26-2021 at 12:38 PM..
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