Assess my calculations - Am I wrong here?

M

MalkasGambit

New member
Was doing thinking about the whole leasing vs buying question of eternity - hoping you guys can correct me if I'm wrong here:



Let's say I buy this used 2011 with 20k miles for $35k. Used Car Pricing for 2011 Infiniti G37 Coupe | Clearbook by TrueCar - - - z0-x9ja7g/90025/20000/good/4ymj30/3b365u/o42yfr/t_curve (After 10% sales tax I end up paying 38,500. Ill put $10k down and take $28.5k loan at 3.5% over 60 months.)



Next, lets say I drive it for 3 years 10kmiles/yr and then sell for $25k which is the truecar determined value: Used Car Pricing for 2008 Infiniti G37 Coupe | Clearbook by TrueCar - - - 6x-x7qze5/90025/50000/good/4ymfmy/3b32xa/o1n5d0h_1n5d1a/t_curve



Therefore, to determine how much I've lost, it would be (38.5k + 2.5k (the amount I'd lose due to APR over 3 years on loan)) - 25k which is $16k in loss.



The lease deal I was offered on G37 sport fully-equipped is $2k drive-off and $400/mo including all fees/taxes...e.g. $16.4k over 3 years, pretty close to the amount I'd lose in a buy, except I get a new car and don't have to spend time finding the right used car/selling in 3 yrs.



Unless there's something I'm not thinking about, seems pretty close decision either way. Thanks!
 
I used to lease years back. They were Hondas. The math seems good. The biggest thing on leasing is if you always plan on trading in every 3yrs it's best to stay in that pattern. Switching around can cost you more money.

Sometimes sticking with a certain make also makes your next vehicle cheaper to lease if they have loyalty programs. Leases at least in my experience with brand new cars dealers tend to give a little more at trade to a new lease. This I'm sure may vary by region.



When it comes to buying I never buy new just as close as I can after the initial big depreciation as your math was showing.
 
Spamming or not, it's a subject I find interesting :think:



I always figured that leasing was just a way for people to drive cars they can't really afford, but these days some of the wealthiest people I know (for whom the cost of a vehicle just isn't something to care about) lease their cars.



I suspect that a big part of it is the convenience of the whole thing, and these are people who like to get a new car every few years anyhow.
 
Spam for sure, but seeing that we're on the subject of buying cars and respect to the least amount of money you'll loose.....I suggest buying a 2-3 year old car. That way most of the depreciation has already occured. Bonus when the actual model hasn't had a face lift too so most won't realize how old the vehicle is.
 
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