Buying used gs 350 fsport in toronto, no luck
#31
Lexus Champion
#32
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I have been challenged by the lease vs. buy. I have a set budget of $45k. I would like to own a car since i like to detail it and take care of it on the other hand a 2016 at 45k purchase price will drop an additional $20k in 2-3 more years. Leasing a gs 350 is about 850-900 a month for 48 months, that equals to the $41k. Financially it makes sense to buy the car. What do you think?
I think only you know what you want. You should buy what you want.
#33
Intermediate
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I have been challenged by the lease vs. buy. I have a set budget of $45k. I would like to own a car since i like to detail it and take care of it on the other hand a 2016 at 45k purchase price will drop an additional $20k in 2-3 more years. Leasing a gs 350 is about 850-900 a month for 48 months, that equals to the $41k. Financially it makes sense to buy the car. What do you think?
If i was in your position i would buy it because like you said in 4 years you would have paid the equivalent of $41k. I faced the same dilemma a little over 2 years ago when i bought my car and realized i like to keep my cars for the long term so buying it out and keeping it for the long run would be the best option. Lets say you hypothetically bought a car for $45k and kept it for 10 years thats 4.5k a year or $375 a month (not including maintenance or unexpected repairs) and for me that's a pretty damn good bargain. At that price i could care less if it suffers additional depreciation because at least I would get a car with low kms and I would have had it over the majority of its life and know exactly how its been maintained and taken care of. That doesn't mean a higher km GS was not taken care of but i'd prefer a lower km one and thus if was in your situation i wouldn't worry too much about depreciation. These cars brand new are 70k getting them for 45k is already a great bargain.
Just my 2cents I hope that was somewhat helpful.
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