Why it may not pay to lease a luxury model
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Why it may not pay to lease a luxury model
I was playing around with lease calculators today inserting various numbers for a premium edition and a luxury model. The residual is a few points lower for the luxury edition. I am looking at a three year 15k lease. My conclusion is that there is about a $100.00 difference per month for the luxury model. Over 36 months it is $3,600 so you are practically paying 90 percent of the option costs. In other words, the difference between the MSRP may be around 4k, the residuals difference is less than 1k.
#3
I was playing around with lease calculators today inserting various numbers for a premium edition and a luxury model. The residual is a few points lower for the luxury edition. I am looking at a three year 15k lease. My conclusion is that there is about a $100.00 difference per month for the luxury model. Over 36 months it is $3,600 so you are practically paying 90 percent of the option costs. In other words, the difference between the MSRP may be around 4k, the residuals difference is less than 1k.
#4
Here's a different angle...
Now let's talk about if you lease or purchase. Good chances are if you wanted to you could sell within two years privately and the luxury options are going to be more sought after, which will make the car more marketable.
Just my $0.02.
Just my $0.02.
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#7
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that's what luxury segment is about anyway, you pay for all the extra. at least that's how i perceive it. want to make sense ans i doubt any luxury car with 50% depreciation over 3 years make sense (compare to economy brands)
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#8
luxury cars are such bad investment choices... buying base Prius G3, Prius c or Corolla is much better investment :-).
Luxury cars are luxury - means not needed. Means more you spend, more you lose.
Luxury cars are luxury - means not needed. Means more you spend, more you lose.
#10
I was playing around with lease calculators today inserting various numbers for a premium edition and a luxury model. The residual is a few points lower for the luxury edition. I am looking at a three year 15k lease. My conclusion is that there is about a $100.00 difference per month for the luxury model. Over 36 months it is $3,600 so you are practically paying 90 percent of the option costs. In other words, the difference between the MSRP may be around 4k, the residuals difference is less than 1k.
Last edited by jedimaster; 05-04-12 at 05:11 AM.
#11
There is a reason why lease is much cheaper with the premium which is basically a barebone 4GS. Most buyers sought for either Luxury or the Sport pkg. I would agree that ML stereo has little resale value down the road, but the MSRP for ML is only $1380. With Luxury, you get AVR with Sport+ mode witch is a big part of 4GS. You also get AFS, Blind Spot monitor, rain sensing wipers, upgraded leather trim, 18 way adjustable ventilated seats, rear seat AC control, rear door sunshade. Last but not lease, you get a much better wheels and tires. I'd say Luxury and Sport pkg are better deal, IMO.
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