[quote=“tonymitss5,post:18,topic:26222"”]
It is silly because you could finance the car to buy it outright for 5 years for around $400 a month with a few thousand down. You are buying an American car with an interest rate of what 1.9, 2.9 for 60 months. It is not like buying a New Honda like I did, paying the rate American Honda Financial gives to everyone with excellent credit simply because Honda needs no incentive to sell an Accord or Civic. Even if you plan on buying it outright at the end of a 3 year lease you still owe a balloon of what 10K or so? Then you have to refinance the 10K at used car interest rate of what 5.9, 6.9 for another couple years? Your getting raped by interest on two seperate occasions. :bloated:
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Leasing is actually a lot smarter on a car of that type with high depreciation. If you buy a cobalt for 5 years, you’re gonna be upside down for 4 of them. If you want to sell, you’re fucked. Leasing puts the depreciation risk in their hands. If it depreciates faster than expected, instead of taking a beating, you say good riddance and walk away. If the depreciation is less than expected, you buy it out and come out ahead of the game.