04-12-2012, 05:41 AM
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#27 (permalink)
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Base Member
Join Date: Apr 2011
Location: Overland Park, Kansas
Posts: 165
Drives: 2011 370Z SP m6
Rep Power: 16
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Quote:
Originally Posted by Chteelers
I'm always amazed at people who only look at monthly payment, and not overall cost.
$32K sport Z, $1k down, 7% tax, lease for 36 mo = $400 / month and you turn the car back in, maybe with lease end fees. So you're out net $15k.
$32K sport Z, $1k down, 7% tax, 0% loan for 60 mo = $550/month and you own a Z worth resale $27 based on current '07 resale prices. So you're out a net $7k.
If you can't afford the monthly payments on a 36 mo loan, you should consider a less expensive ride. If you can't afford the monthly payments on a 60 mo loan, you're living beyond your means. Why pay lease payments that are almost the same as loan payments, and you end up with no car at the end?
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This statement is so TRUEEEEE! The written truth in a nut shell! Actually if you can't afford the monthly payments on a 48 mo loan, your living beyond your means. Anything over 48 months should be off the table of reason(s) to buy. 
Last edited by SS66; 04-12-2012 at 05:44 AM.
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