eisenb11
Member
PS just wondering why did you go with a lease? And are you looking to purchase after the lease is over since there's that possibility now?
I have car ADD and keep jumping to a new vehicle every 2.5-4 years, ha ha. See my signature for the list of new cars that I've gone through to date.
I used to buy my cars with cash then sell when it's time to jump (most economical), but as my cars got more expensive, selling them got more difficult and risky as some potential buyers were kind of shady and it's scary doing large-ish financial transactions with some of these folks. I ended up switching to leasing after I sold my BMW M3.
Leasing is more expensive, but I like the certainty of knowing exactly how much I'm going lose and when I'll be doing my next upgrade. I see it as paying for the convenience of not having to deal with the selling & uncertainty.
In the case of my last car (2018 Porsche 911), the residual was way lower than the market value so I did a quick and easy flip to my local exotic car dealer at lease end. I don't intend to keep this car past 3 years but I'm excited to see that there may be a buyout option that I could potentially leverage at lease end when I move on to whatever is next.