What are the monthly savings on leasing an EVO vs. buying?

No guessing please, just people who have done it

And yes I know you can't mod it etc. Just checking for a friend

 

Alright, well i wen tto buy an evo and they wanted 600 a month... 0 down... i almost **** on myself... to be honest its the same to buy it... , if you really want to lease ( as i did) i would go to leasecompare.com and get it through them, they are a good company... and 100 bux cheaper usually... the reason its so high is because of the massive depreciation hit it takes, they said the evo is only going ot be worth 12k after 3 years.... just somethign you would take into consideration before purchasing an evolution... in comparison you can get a fully loaded g35 coupe w/ everything for 450-500 a month 0 down. Think about it dude

 

Thanks, sounds like buying is the cheap route

 

I looked into this as I would have rather leased.

The 3.99% APR on the buy was the deal maker---problem is you cannot get a good APR thru the lease because the Evo is on the lease "****-list"--which means no great deal on APR.

Just but the freakin thing and get it at MSRP. I made the dealer go a few hundred BELOW MSRP just to prove I was in charge!!

 

Lease it for 15K per year..

Cap Cost..(selling price) $28,900.00

60 Month Lease

Low $400 range..

 

I WONDER WHAT THE residual was written up as on the lease that M3lachsilber got

 

Believe it or not it was like 8,000 or so..
(60 Months)

 

Depends on cap cost reduction and money factor (lease)

36mo. nothing down you'd like to be at 550/mo.

What is the ressie on the Mitsu now ? 45%/ 3 year (so you finance 55% of the car in 3 years)...

The ressie is what kills you on the lease...

Buy it if you get a good interest rate...

 

holy $****

 

You can modify leased cars. So long as you don't turn your vehicle in and sell it instead you're fine with modifacations.

 

I pay $520 a month and that's on a buy. When I got the car it was so new they didn't even have a lease option for it yet.

 

24 Month Residual: 40% of MSRP
36 Month Residual: 39% of MSRP
48 Month Residual: 33% of MSRP
60 Month Residual: 27% of MSRP

These are the real deal..
Published via ALG and a local lender called North Shore Bank using ALG as a guide..

 

so wats cheaper lease or buy?? i wanna get a evo in like 3 or 4 years or so but i'm still in high skool and i'm not rich or anything either

 

The "sweet spot" on a lease is the 36 mo. lease. But truthfully, these resies "suck ****" - unless you finance the remainder on the back end when the lease expires (aka - you buy the car).

ooood:

Leasing is "cheaper" if the money factor is low and the residual value is high. (Take the E46 M3 for example).

Buying is "cheaper" if the car loan interest rate is low and the statement above is not applicable.

 

ood: (PM's not working)

money factor= lease interest rate (what the bank charges you to use their money when you lease a car)

residual value= the value of the car when the lease term expires.

"sweet spot"= the "best/optimal" lease term as a function of the car residual value at the end of the lease term. This is "industry slang"...

For example,
The residual value on the Evo on a 24 mo lease is 40%. So you are financing 60% of the car in (2) years.

The residual value on a 36 mo lease is 39%. So you are financing 61% of the car in (3) years. So the 3 year lease is the "sweet spot" where you basically get an additional year to finance the same percentage of the car (60% versus 61%). Get it?