Quote:
Originally Posted by jmg
I doubt you will find a worthwhile F80 for $45k. More like $50k. Lets assume so and assume you can sell for $35k in 3 years. You will be paying $1389/mo for 36 months before tax and interest. You can recoup $15k when you sell. That's about $416/mo recoup. You're paying $973/month for a 2-3 year old used F80 of questionable condition which is fully or partially out of warranty.
OR... you could lease a well equipped, brand new, fully covered F80 for that much and have ZERO risk of losing you a$$ on the backend trying to resell a 6 year old high mileage F80 when the new ones will already be out.
Do you really want to be out $1389 a month? This is BEFORE tax and BEFORE interest, mind you. The path is clear to me. Believe me, you don't get extra points for "owning" your car. You just get a bigger bill.
|
If the car is paid off in 3 years and he can sell for $35K in 3 years wouldn't he recoup $35K (vs. recouping $15K)?