First of all I was assuming 1500 total down which would include capital cost reduction and any fees (most times you don't have to pay those anyway). To compare apples to apples, I could lease a car for 60 months and lower the payment even further to say 325/month.

So let's try this again:

60 month finance of a 28000 car
2000 down
31200 = 520 * 60 car + finance charges
-7000 trade in value @ 60th month
26200 spent

60 month lease of 28000 car
1500 down
19500 = 325 * 60 lease payments
21000 spent (even if I keep the payment at 350 I still only spend 22500).

So after the 60 months, I've spent less and we both have to buy a new car because my lease ended and you sold yours to CarMax or something. Yes there may be penalty charges at the end of the lease, but that's only if you don't take care of the car or if you go over the mileage (something I wouldn't do because I carpool with the wife). Even so, I still could come out on top, plus I'd have a new car and you'd be driving a car with 100K miles on it...shall we add up repair bills?

Richard P. '99 9-3SE HOT

posted by 168.215.13...

• is it possible to trade in a car..., larry, Thu, 27 Dec 2001 14:18:23
  • Here are some options..., pmr, Fri, 28 Dec 2001 07:28:17
    • Good advice from pmr, or to put it another way, Texron, Fri, 28 Dec 2001 10:36:46
  • If you can't afford the payments, don't lease >, ChipJ, Thu, 27 Dec 2001 15:14:47
    • Leasing is for Rich people???, Richard P., Thu, 27 Dec 2001 15:58:55
      • Keep an open mind & run the numbers, Marc, Sat, 29 Dec 2001 15:25:24
        • Interesting worksheet but >, ChipJ, Sat, 29 Dec 2001 17:10:38
      • Flawed analysis, Richard (Long), pursang, Thu, 27 Dec 2001 18:59:24
        • Flaw in your logic...compare apples to apples..., Richard P., Fri, 28 Dec 2001 08:37:03 <-- Viewing This Message
          • Re: Flaw in your logic...compare apples to apples..., NewYorkCitySaab, Fri, 28 Dec 2001 12:42:25
            • You need to look around..., Richard P., Fri, 28 Dec 2001 14:04:29
        • Pursang is correct >, ChipJ, Thu, 27 Dec 2001 20:52:59
      • Define "rich" as someone who >, ChipJ, Thu, 27 Dec 2001 16:41:57
        • hey chip and richard, larry, Thu, 27 Dec 2001 17:05:50
          • so far you have lost $6000 on paper >, ChipJ, Thu, 27 Dec 2001 20:39:07
  • Money is never "lost" when you trade in...., Richard P., Thu, 27 Dec 2001 14:33:37

No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.

• Prev by Date: (none)
• Next by Date: the Pixies. n/m, KL, Fri, 28 Dec 2001 08:50:01
• Main General Bulletin Board

StateOfNine.com

SaabClub.com

Jak Stoll Performance

M Car Covers

Ad Available

The content on this site may not be republished without permission. Copyright © 1988-2024 - The Saab Network - saabnet.com.
For usage guidelines, see the Mission & Privacy Notice.
[Contact | Site Map | Saabnet.com on Facebook | Saabnet.com on Twitter | Shop Amazon via TSN | Site Donations]

Random Saabnet.com Member Gallery Photos (Click Image)