saleswoman is talking me into a lease, is it better than financing?

[iced]

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@Shooting-For-800 wrote:

It COMPLELY depends on the numbers.

Do the math.  If a 3 year lease for example, add up the payments and residual and compare that to the kbb of a 3 year version depreciation.

Lease can be better if the car depreciates fast and the payments are right.

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If the buy-out price at the end-of-lease doesn't align with KBB, KBB is irrelevant. The numbers may come out ahead, but if you can't actually purchase the car at KBB price, then your only other choice is to walk away with nothing at all.

This also assumes that a person wishes to live with a monthly car payment in perpetuity as leasing isn't buying anything (you're paying the car manufacturer's depreciation on the car in return for them letting you borrow their car for a couple years).

[MichaelWoodland]

Thanks for all the help folks....I am still on the fence. She invited me to diner last night and we ended up going to a higer end place in the city. They must give her an expense account because she paid and the meal with wine was about $600. I am sure they make more than that on the sale of the car. Anyhow...I am leaning in the direction of leasing. I besically get a new car every 3 years. In my line of work you get teased by your co workers if you drive anything that's older than 3-5 years. It's a running joke where when you are getting out of the car in the morning they look at your door sill VIN plate to see what year you have. It's very mild hazing but we are one big team and family. 

So I am going to get her to run the numbers for me, she said we can meet up at a local bar tomorrow after work and go over everything. I will give her this, she is very persistent. She likes to text me about the car and small talk. mercedes must have one hell of a training program.

[Save-n-Invest]

You are very kind to refer to her as persistent. I had some fool car saleswoman bugging me by phone instead of email as I preferred. I determined she was a PITA. Didn't do busness with her or her dealership. Too many place happy to unload a car. 

Good luck whatever you decide. 

BTW you are paying for that dinner and the wine one way or another.

[Anonymous]

Wow - is this post legit?

I have never heard of a dealer taking you to a $600 dinner.

I have gotten free lunch at the diner attached to the dealership but that's about it.

I didn't even think the 2021 AMG GT was out yet, when I looked for pricing it shows coming soon.

[dunn2500]

yeah ive never heard of it b4 either.....they are making bank on that car to buy a $600 dinner...

[Anonymous]

That's what I was thinking! The dealerships I purchased my Audi S6 and Nissan GT-R at never did such a thing. When my wife and I test drove a G63 AMG and C63 AMG, with approved financing in hand, we got to go to lunch by ourselves and test drive both without a salesman, which was nice. We did, however, get free Starbucks coffees everytime we took the S6 in for service!

[Anonymous]

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This post is starting to smell. 

Look at OP other topics.

[sccredit]

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@Anonymous wrote:

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This post is starting to smell. 

Look at OP other topics.

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Wow. Well aint that something. 2 years post BK and leasing a $70k+ MBZ. Quite a rebuild.

[Gladius]

This thread smells fishy.

[Anonymous]

More than $70k! The GT starts at $90k. If he's getting a $600 dinner I can almost guarantee this GT is well equipped.