Quote:
Originally Posted by ramkbmw
Thanks for the reply. The 1292 includes sales tax. The way I get to 95K is : 10K down + 1292*36 months (=46537) + 38660 = 95172.
I guess they are financing the deal so you could add interest on top of the invoice price but it still seems very steep to me.
Alternate I am thinking about is to buy with around 30% cash down and rest through a car loan from my bank for about 4% interest rate. But I should be able to pay off the loan early, say in about a year. So buying seems overall cheaper to me.
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Even with $10k down and a tax rate of close to 10% has you financing not quite $70k at 4% for 5 years give you a payment about what the lease is.
So about $1300 a month.
So even a purchase with the same money down at 4% interest is a wash.
There isn't much inventory and they aren't interested in leasing and having the asset on the books.
I've said this for a while. Until there is a glut, leases are going to be bad for customers for these cars.