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Questions about S5 leases

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Old Jan 10, 2008 | 03:37 PM
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Bobby G's Avatar
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Questions about S5 leases

What kind of lease deals are you guys seeing right now? On leasecompare, I'm getting $898 (w/out tax) and 2500 cap reduction for a 3 year 15K/year lease on a $55K car. That seems pretty high.

Thoughts?
 
Old Jan 10, 2008 | 08:49 PM
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I think you would be better off with a 84 month loan. You would pay about $840 and have unlimited miles. Still can treat it like a lease and trade it in after 3 years. Any upside down hit I'm sure would be less than the up front cash you would have to pay on your lease.
 
Old Jan 11, 2008 | 06:43 AM
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The lease deals stink out there, there's no discount on MSRP anywhere and the banks are being conservative on the residual. Your numbers sound about right.
 
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