Should I lease a brand new IS250 and then finance it at the end of the lease?

 

doesnt sound like a bad idea. make sure they give you a deal on GAP

 

wouldn't u just end up paying more?

 

I did. Was the only way I could afford a new IS. Yes, in the longrun you pay a bit more, but if the car makes you happy and fulfilled, sometimes the extra cost is worth it. Or at least that's what I talked myself into believing. hehe

 

dont do it get 350 than lease than buy

 

Lease or buy, i dont think its ever a good idea to buyin out a lease u end up paying more

 

Do the math, but you'll almost always come out ahead by buying it straight up rather than leasing and then buying. If you know you want the car long term it makes no sense to lease it first and then buy it. Don't be swayed by the lower costs during the lease, you'll get hammered on the back end on the buy out. Interest rates are low now, take advantage of them and buy.

 

If you can buy it, and pay a little extra (even if its only $50 a month) to principal, you'll save a bundle in cash on interest, it effectively reduces what should be an already low interest rate even more.

Pre finance through your bank, not at the dealership. Again you should get much better interest rate and reduce your payments and cash out over the long term. Plus it gives you more clout when dealing with them, its a cash deal for the dealer.

This way you have equity at the end of the agreement, instead of walking away with zero+ a lease buyout.

If you do lease, watch out for mileage penalties-if you go over the pre-agreed miles, you'll be paying as much as if you had purchased it.

Get a firm price on the buyout, not a TBD. If you do a 5 year lease and there is a significant model change/upgrade to your IS, its value will drop on top of the regular deprecation-but your lease buyout won't.

Machog

 

You will pay significantly more if you do it that way. Why would you finance a car for 8 years?

 

Exactly what I was gonna say!

 

Whats wrong with buying a used is250? Or maybe buying with cash! I never liked borrowing money to pay for something. I believe in if you can't pay for it cash, you can't afford it.

 

Next time you're driving, open your window and hold your hand out with money and let go.

That's the equivalent to leasing.

 

you should def talk to me ill let you know....i ve leased a few and never wanted to buy them after. it all depends on how long you want to keep the car. depends where in Ny you live also.

if you lease you have insurance cover all repairs and who cares what happens to the car after 3 years. if you own and it all gets beat up in NY the value keeps going down even if insurance repairs things in the shop the value is still lower. plus in NY it gets much more abuse with the roads and the stop and go traffic.

so i prefer to lease, use up the warranty and pass the headache on to someone else, if they want it ofcourse.

if you lease for about 6 years you will have 2 new cars. i guess you can buy it and if you want to keep it that long you will come out on top a bit if you can hadle driving the same car fo that long.

 

Financially speaking, it's not a good idea. If you negotiate well you might be able to close the gap, but I've never seen a situation where this was the best course of action.

 

exactly what he said!