Buying Out A Leased Car .. (When it does/doesn't make sense)
VloĆŸit
- Äas pĆidĂĄn 6. 09. 2024
- In this video I discuss when it does and doesn't make sense to buy out a leased car, or even leasing a car with the intention of purchasing it.
Visit SaveOnMyAuto.com to receive pricing from multiple dealers in your area: bit.ly/2XkXs1Q
This is also partially a response to a Dave Ramsey video "should I buyout my leased car?"
Ultimately, the market will dictate whether or not your lease end purchase price is great or horrible, and instead of taking general advice, you should always compare numerical data when trying to make that decision!
------------------------------------------
đ *Shop Around Dealers*: bit.ly/2XkXs1Q
â ïž *LOW Insurance Rates*: fxo.co/86JM
đ° *Get a Competitive Auto Loan*: bit.ly/2kK4n6P
đ *FICO Auto Score*: fxo.co/7czb
đ *My eCourse for Scraping Information*: bit.ly/scrape-m...
đž Follow on Insta: / ari_janessian
đ¶ MUSIC BY: Joakim Karud / joakimkarud
âïž Book a 1on1 Coaching & Deal Review Call with Ari:
đ goo.gl/eBzbyA
----------
*DISCLAIMER:* This video and description contains affiliate links, which means that if you click on one of the product links, Iâll receive a small commission at no additional cost to you. This helps support the channel and allows me to continue to make videos like this.
#CarBroker #SaveOnMyAuto #BostonAutomotiveConsulting
_________
All The Gear I Use....
----------
Big Boy Camera : amzn.to/2NXH7ME
FAV LENS EVER! : amzn.to/2VTxf9F
Office Microphone : amzn.to/2UuhcyJ
Ring Light : amzn.to/2AHOtP1
Cool Green Background LED Lights: amzn.to/2XThqS3
Portable Green Screen : amzn.to/2VHxiWC
Toolbox Mini-Fridge : amzn.to/2RCusmR
buying out a leased car, buying out my lease, lease to purchase, does buying my leased car make sense, lease end buyout bad idea, lease end purchase, dave ramsey should I buyout my leased car?
A lease is simply selling price, plus interest, plus initiation fees just like a loan. The better deal your lease is the worse buying the car at the end of the lease will be.
Now there are some cases where the lease incentives or lease interest rate(money factor) is significantly better than purchasing the vehicle. In those cases it is possible that leasing the vehicle and then purchasing it will be better than just getting a loan right from the start. However, in those cases you will likely find that leasing the car, turning it in at the end of the lease, and then leasing another car is the best financial decision if you negotiate a good lease deal.
When the resell value of a car is higher than the residual at the end of the lease it typically means one of two things. Either the residual is very low and so the payments were much higher or the residual was high but the car holds its value well. In that case the interest rate is typically very high so the lease payments are also high.
Your goal with a lease should always be to get as much money as possible off of the MSRP. Get the buy rate for money factor and then turn the car back into the dealer when the lease is over. Let the dealer take the loss at the end of the lease.
mpgxsvcd wanted to get your thoughts on my comment above. I thought about leases in a similar way you do... just a loan with an option... but wanted to get your thoughts on the finance charge and how thatâs actually calculated.... seems to me youâre getting a lower payment by (1) likely having a better residual than if you depreciated the car over a similar period, and (2) having a longer period for that value (depreciation plus finance charge) than a loan financing period vs. 60 or 72 months): www.wikihow.com/Calculate-a-Lease-Payment
Ultimately they have very similar costs of ownership over similar periods just whether you want to spend/save on finance charges vs depreciation.
Juan Danzilo a lease is a loan. Period. There is a startup fee with a lease that some loans donât have. Also the lease interest rate is expressed as a small decimal. Multiply by 2400 to get equivalent interest rate.
Loan interest payments are front loaded. You pay more interest at the start than the end with loans. With leases you pay the same interest every month.
Youâre right in that both are ways of borrowing money for a fee (interest). What I am suggesting is that they are not financially the same. Take two scenarios: one in which you lease and one in which you buy. Letâs assume same car, prediction of residual turns out to be accurate, your rate for financing and your interest rate-equivalent for leasing is the same, also assume the lease period is 36 months and financing is 60. For simplicity, also assume no differences in taxes, fees, or money down. If your run both these scenarios in a lease and loan calculator youâll find youâre paying much more in interest for the lease because your finance charge (interest) is based on cap cost plus residual. Under a loan, youâre right, amortization is different, but if you run a 60 or 72 month scenenario in which you sell after 36 months, at the same residual as the lease, you will have paid much less in interest over the same period, despite the front-loading. Under these assumptions, the total ownership costs over the same period are higher for leasing.
The reality is that often residuals under leases are often better (less assumed depreciation) than the true depreciation, while interest (or MF) is higher, but not by as much, making them an attractive option for a lower payment, but I donât think itâs necessarily cheaper long term. Itâs just whether youâre more comfortable with paying a lot more in interest and having the comfort of guaranteed downside protection (I.e., a fixed residual and option to buy) vs. having less finance charges (interest) but potentially being under water with a car you canât sell well.
Obviously there are a lot of factors that could make one scenario more attractive than other (e.g., local tax laws, business vs individual) but my point is that, with a lease, youâre paying interest on the whole thing even though you only âownâ the depreciated portion, for a fixed period of time.
If you have a low residual and spend more in your payment upfront, it may benefit you in the end. I bought a Kia stinger gt that was listed at 43k. My buyout is 19. I canât see my car in 3 years with the low mileage I drive being on the market for less than 19. Plus I know how I drive the car, and not buying someone elseâs problems looking for a used car that is similar to mine.
@@davidmiller8627 I like your insight. With leasing, I don't think one-size-fits-all formula can be applied to every scenaro. As you stated, $19,000 residual at the end of your lease for a Stinger is a great value to me. I think the residual cost is lower because of the brand, but after having it for three years and deciding that you like it, and you know how it was treated and driven, then it may be a wise decision for you to purchase the car, if that's what you want.
This is the best explanation of buyout vs ending lease. It all depends of specific factors to your car, market, timing and total expenses. One additional tjong, if I lease it would be to try before you buy. I rather experience new models before making a long term, 10 years, commitment.
Ariâs the man. I swear you can read our minds or something... Youâre always dropping super relevant videos. Iâm enjoying seeing this channel grow - it has quickly become one of my favorites!
I second this statement!
DCHoosier .. Tina god bless you guys
Ari Janessian God bless you too Ari! :)
Another great perspective. I am an avid listener of Dave Ramsey and I think his plan is great, he can be arrogant about it but numbers donât lie. Life is a lot simpler when you can pay for everything cash and most people arenât gonna do the research to figure out what they are actually paying. I like what you said about âpaying for convenienceâ. At the end of the day everyone has to decide how much risk they wanna take on and what they are getting into.
My lease is up in 6 months, I'm not over on Miles (đź) , I want to buy it because I know the history of car,the way it was treated, plus, I like the car I guess once lease is up compare the price at end of lease to the blue book value
2017 Ram v6 sport 26k mile, it's been babied I get 18mpg with the way I drive.
I feel the same way.
I know Iâm not beating up my car and you donât know how people are treating theirs.
Iâll probably buy out my lease too.
Dont get me wrong I love cars I love them... but I would rather see someone purchase the car they can actually afford and keep it for a while after its bought and paid for instead of leasing! That's just me though!!! I understand the pros and cons but too many people are buying more car than they can afford!! If one has to get a car loan, keep it for under 3yrs max! Even 3yrs is long but I would avoid 4 5 or 6 yrs loans.
And leasing, I've always avoided......but I keep my cars long after the purchase and I always buy used!!! But this was one of the ways for us to become debt free...đ€
Itâs nice to hear a car guyâs opinion on things like this so many of these supposed financial gurus spew out a bunch of nonsense or inaccurate information about vehicle purchases/leases and their followers eat it up without question thinking itâs the rule or law for every situation.
Thanks , this REALLY hit home. My beautiful Niece wants to trade in her 16 Chrysler 200 on a E350 Mercedes Benz. She works there in the office so she believes that they wouldn't take advantage of her. She has been fighting me on this because I've told her that I'm not going to help her with the down payment until she seeks out financial advice from a consumer reporter and test drive a vehicle at another car lot. I've asked her to call someone like a Clark Howard or Dave Ramsey and I've also sent her several of your videos. She thinks doing research is asking the finance manager at Mercedes Benz where she works. Trust me when I say your videos are making a difference.
The funny thing is that I started a used car search to find something in her price range and found a 08 350 Mercedes Benz with 68k miles on it. I couldn't believe that she refused to even consider it. Now to show her a lesson I'm buying the 08 for myself. BTW I'm a truck guy who is 53 and this will be my very first car. LoL
Of all your videos, to date, this has been the most helpful and informative one to me. I have leased my last 3 vehicles and I strongly believe I am done with leasing for a few years. Easier payments doesn't always mean you're making the best, long term, financial decision. Thank you for taking the time to educate us with your knowledge in this VERY TRICKY business.
I also appreciate your honesty, no beating around the bush, straight facts.
BS, there were no straight facts. Stop kissing ass and being political, the video was not straight forward.
Thanks Ari.
I leased my car knowing that I would purchase the car in the end. I got a great lease deal for a '17 Civic Si. Im paying $199 a month. The value of the per month payment and maintaining good value were my priorities. At the end of the lease, I will pay off the buy out price of approximate $14500. Current value as per Cars.com has my car at $18.5K to $21K. This car will be my sons first car.
The Si is a niche car and sought after by younger Honda enthusiasts. I wanted to maintain a low per month payment. I could have saved a few thousand by financing but would have paid $150 more a month.
This guy is filled with knowledge, keep up the outstanding content Ari.
Michael Ross thank you!
I've never purchased a car at the end of the lease. I had an Acura RSX that I kept for an extra year since it was still covered under warranty. Since then, I only lease for 3 years and the dealer will give me equity to put toward the new car since my cars always are in nice condition with low miles. They just put it in their lot to be sold. I could sell it on my own but I don't want to have random people test driving it and it's not known how long it will take to sell.
Always depends on the car. Your right. I have a 2018 hellcat. Msrp was 76k, put 3k down and have a 550 monthly payment. The lease loan is 19k. Residual buy back value is 43k at the end of the lease, so a total of 65k out of pocket. That same car 3-4 years old sells for 50-65k depending on condition and mileage. Definitely buying it. Saving basically 20k just leasing it opposed to buying from the get-go.
Some You Tube experts are for Leases. But the reason is you get the part of the pie you wanted and can throw away the rest after three years to someone else. Many people do not understand leases, which is why there are car dealerships who do not push them! The only thing I would be worried about with a lease is getting one before auto companies decide they are not worth giving out. BUT, I'm going to do a lot more research!
Thanks for your service. Good honest help is impossible to find these days
Thanks for the advice. We will have to really look at our numbers as we will be about 10K (@ .20 per) over on mileage with a cracked rear bumper as well. Given the $3k-$4k fee we would be hit with we really are of the mindset that we were going to be better off purchasing it.
When Ramsey encourages the buyout of a lease it is in order to mitigate an initial poor decision. The closer someone is to the back end of a lease, Ramsey typically advises to ride it out and turn in.
Always lost buying, never lost leasing. As long as the numbers are good itâs hard to lose.
Thank you, Ari. Another great video. Iâve also experienced buying a luxury car at lease end not making financial sense. Recently turned in my 2015 BMW. Buyout was $29.7k, dealer gave me a trade in price of $21.3k. Yes, thatâs 2/3 of what it would have cost me to first buy it out. Obviously, it was not a good move to buy it out
It depends in how you look at it. From a PURE financial perspective oftentimes it may not make sense to lease BUT.... donât salesmen get trained to establish an EMOTIONAL connection between car and buyer? Most people donât buy a car just to have 4 wheels to get them from point A to B.
On top of a monetary value, people place an emotional value on cars that is important, subjective, and difficult to measure.
Why I love leasing?
đđŒI can afford to pay a nicer car
đđŒno worries about mechanical breakdowns
đđŒcovered by GAP and Bumper to Bumper warranty
đđŒsometimes maintenance is included
đđŒhave a lot more to chose from every 3 years.
Good vid Boss!
Trek Fowler I lease because I want something new every 3 years or so. I have no emotional attachment. Itâs just a car. Iâve done the math repeatedly an leasing just make more financial sense since I prefer to switch out often.
@@johniii8147 Same for me John. Love the convenience of not having to look for a mechanic due to car age. With lease is 3-4 oil changes and that's about it. Whenever I lease I have at least 2 options of the same car type, and about same price range. Then I focus on the one I like the most, and if I don't get the deal I think I can get, then I move to my next option. :-)
Dave Ramsey very much hates leases, but I donât think itâs because of a buyout decision. If youâre paying interest, lease or buy, he thinks itâs a bad move. Really starting to get into your vids Ari!
DR says donât do leases at all
Good adviceđđŸ Thank you for guiding our new car purchases and leasing options! Your channel is GOLD. đ
Thank you đ„łđ„łđ„ł
Great video. I find Ramsey is right on most things most of the time, but he has to generalize to appeal to a wide audience, leaving off important exceptions and nuances to his rules. Wanted to hear your thoughts (and anyone elseâs) on two things:
1. With leases you are paying interest (MF) on not just the depreciated value but the cap cost + residual, so if you finance at the end, doesnât that mean youâve paid interests twice? So itâs not exactly like a loan with a call option at the end; not only is the rate higher, but the base on which youâre paying interest is also proportionately higher than a loan.
2. Do you expect there will be more risk (variance in price) now that cars seem to be evolving more quickly (I.e., autonomous, electrification), and as a result shouldnât there be a value placed in the optionality (downside protection) leasing provides?
Juan Danzilo you can determine lease equivalent interest rate by multiplying money factor by 2400. Lease interest is equal every month. Loan interest is front loaded.
haha crazy thing is I recently began listening to Dave's Podcast before this video....Another great video and review @ari
If residual value is below for a few thousands then buy the lease car directly from the manufacturer cash is best. Why? because you will pay less than the real value of the car and second you save on interest and save by voiding dealer fee ($999)
I donât know why I never hear anyone speak about this, but when my lease was up I negotiated the purchase price down below the residual value agreed upon when I leased it.
yes, I've heard of this too which I also plan on doing! the thing that's also not talked about between buying CPO instead or buying out your car is that it's simply YOUR car. I feel like I'd be much more comfortable buying my own car out instead of buying another random car with 35k miles on it already.
@Andrew Atm great question i am looking to purchase mines as well. I have 10 more months on my lease
It is completely situational. Why would it be more expensive to lease if you have an extremely low apr and able to pay for it cash at the end of the lease? Talking about an in demand vehicle with slow depreciation and a buyout less than market value. These cars are out there, like Ari said, there are more non luxury types.
Ur advice good for people canât think for themself.
Hi Ari! Great topic and very useful info in this video, as always. Please keep the educational information coming!! Thanks!
William Daly Jr thank you too !
Awesome video - such great insightful, concise, and subjective advice, Thank you!
It always makes sense to get a "Certified Preowned" ... EXCEPT for cars like BMW, where we can CUSTOMIZE the interior and exterior to our liking. I may want the mocha/black interior, or the glass shift knob, or the some other feature that a "basic build" is simply not appealing to me. So, in terms of cutomizing it to MY liking, certified preowns just don't cut it.
Well, DUH! A lease is a hedge against low value at conclusion of the lease. It's it's worth less than residual, walk away. If worth more, exercise and sell! By the Put!
Learning a lot from your videos! Would you be able to make a video on tips when it comes to leasing a car?
Hi Ari , thanks a million for the great information that you are sharing with us on CZcams to educate us about car leasing / buying that we never knew about .
I am currently about to return my e coupe Mercedes as the lease is ending in a month. Looking at the ressedule value for my car itâs at 33k . And I noticed itâs getting sold in the market for above 40k . Would it make sense to buy out the lease and make some extra bucks which can be used for my next down payment .
One thing I am not 100% sure about if Mercedes is going charge taxes on The 33k and how much are those taxes ?
Why not just go to CarMax and they will tell you the offer vs residual value
Honestly, money just isnât everything. My leased truck was extremely well maintained and cared for. Iâd rather buy my own truck instead of buying a cheaper âcertifiedâ truck elsewhere. âCertifiedâ is a piece of paper which is meaningless to me.
Dave Ramsey is the reason hundreds of thousands have gotten out of debt and are living well. Guys like you are the reason people remain in debt.
Nothing against you as a person, but you're dead wrong. Drive what you can afford, not what you want to look like.
Iâm approaching that time to make this decision. Price wise your advice is spot on, but what about if you have a sport/ high performance car that you leased new and took great care of it, are you going to return it and buy a CPO that could have been neglected and or abused like most leased cars?
I'm in an M4 lease right now, my thoughts exactly. Makes way more sense to keep yours.
I returned my Leased BMW SUV and brought an used Mercedes sedan thinking it was a great deal. However, the previous owner neglected maintenance on the car and it was basically a lemon. Many people who donât care about maintenance since they are returning it in three years. Shouldâve done a buyout of my leased BMW SUV since I know the history and I took good care of it. Be very careful about buying an used car. Lesson learned.
I just watched a few of your videos and felt compelled to subscribe and hit the notification bell.đ Do you have any tips on buying popular cars that have additional dealer markups, like Civic Type R and Hyundai Veloster N? Thank you. I find your information very helpful.
Should I trade in my old wife for a newer/ younger one?
Senior Pancho, the buyouts associated with a divorce can be financially crippling! (Ask anyone who's done it.)
Nope. Worst trade off ever.
AZMike đ€Łđ€Łđ€Ł
Senior Pancho ride your current wife into the ground, keep her for supermarket runs and daily driving and Purchase a younger model to ride on weekends
Sounds like she should trade you in
Can you do a video about leasing a car just to take advantage of the lease cash offer where the end-goal is to buy the car outright as soon as you are able to get a payoff amount (meaning, we're not waiting until the end of the lease)? The 2019 Kia Stinger GT, for example, offers $7000 lease cash on AWD models, and $6300 for RWD models (on a 24-month lease).
You don't know what kind of person owned one of those 'certified' ones. They could have been an animal and abuse the crap out of the drive train, since they knew they were turning it in. Also, certified vehicles don't really mean that much, because many of the shops just go through the motions of inspecting the vehicle. Audis break down quite a lot after about 5 years, and drop in price like a rock, so buying a pre-leased Audi is not really a wise decision.
Would it be better to go with a CPO vs a solid used car and purchasing a dealership backed extended warranty? General question. Both vehicles have same specs and within 15k of each other and in same like new condition. Aaaannndddd GO!!! đ
Hello there! I have 5 payments left of a 36 month lease of my 2019 Toyota Avalon XSE model with 24,900 miles and my buyout end lease option is $22,763. I checked on Gurus and the model is going for $33,000. I love my vehicle because its so reliable. I have only taken the car for service schedule maintenance, it has never failed me for the last 2.5 years so I want to keep it. I think its worth it to buy. What other fees beside that buyout price do I look out for? thank you in advance for your reply.
I don't like my current leased car. I want to sell my current leased car, then use whatever the profit I make after paying it off to the current dealer as a down payment for a cheaper lease car at another dealer. Any tips how to do it? thanks
Very good advice. Thank you !
Never mentioned was if you go over on the milage .it happened to me,so I bought the car.it worked at well.kept it two more years traded it in .ended buying my next car because I received
good trade in value.
Also mentioned was certified. From I what read and heard certified was a lot of nonsense .it means absolutely nothing .
May 2021 leased Toyota Venza Limited. Love the car. Low mileage driver. Can I buy it now?
Ari, đŁđ„đŁ BOOM!!! Continued success.đ
Ari, that's great advice.
You donât ever want to lease a Toyota or Honda. They hold their values very well.
Now BMW, Jaguar, Mercedes, or exotic cars - leasing makes more sense as they drop their values 20-30% as soon as you drive it off the lot. Haha.
Ari my lease is all most up! I want to just return the car ! And go get another car different car dealer. Nothing personal just want a another make!With no hassle??
Thank you for this video!
I'm in that same particular case for my wifes Lexus GX... our buy out is $29k and used GXs are selling mid $30k to $40k...
Was thinking of buying and reselling but may not be worth the effort to do that.
Easy way to do that is go to carmax and have it appraised...in my experience they're pretty close to market value. If they offer you more than the buyout then you can let them handle the paperwork and walk away with the difference.
About to lease for the first time a Jaguar E pace. Any advise on what I should except or decline. New subscriber also
Hereâs my problem. Our Acura RDX lease ends in Oct. We like the car and would roll our lease over to a new RDX except that they no longer make a 6 cylinder in the RDX; they make a 4 cyl turbo which I donât think has as much pickup. So weâve been considering buying the car. Thoughts?
Itâs been three years for this video. Does it still hold true in todayâs market? I leased a Ford Fusion plug in hybrid, 9 payments left, and the buyout is about 16 gâs. Any suggestions or advice?
My 2019 RDX A Spec lease is ending. 19K miles in perfect condition, buyout is $28,116. Is this looking like a good buyout then sell condition? I won't be leasing a new car.
Thank for the info! Doesnât the mileage on the residual vs. the certified make a big difference?
BEST LOGIC! THANKS
I have two questions: is it advisable to buy a Certified pre-owned 2020 F pace 30t AWD if it was previously used as a rental car (approximately 18,500 miles). It comes with a warranty of 6 year/100,000 miles. Secondly, Does 0% financing really mean no interest? For example, letâs say youâve negotiated a $40,000 out the door price, and financing it for 60 months at 0%, would your monthly payments be $666.67? In other words 40,000Ă·60, correct? Thank you for any help you can provide.
This advice is not valid here in 1Q2022. Market value for my Chevy Equinox is about $10k higher than my residual value.
Dave uses generalized statements but they are backed with facts and evidence through research and studies. He uses averages, of course there are outliers. Following him for a while and fact checking what he says, it does check out. Thatâs how statements become âtrueâ. He speaks generally on the finance aspect. Financing and leasing cars will flat out cost you more money in the long run. Itâs just a fact. Living life on âhow much of a payment I can affordâ will leave people broke for ever.
Take in consideration that you know your lease car, and that has a value. A different used car is a higher risk.
i have a scat pack and i owe 25k to buyout my lease it has 6k miles , it sells for 40k and the total price i bought the car at was 48k but the msrp was 53k what should i do if i want a new car?
What happens when a leased car has been in two accidents during the lease.......?
Thank you
Awesome video!
So if my car I want cost 21k . I drop 5k does the car now become 15k to lease ? I want to buy it after 3 years
On a citified car u donât know what u get Put on your lease car u know what u get If u TLC
Old news now... Residual values are way under market values now.
Great video. Thank you
The lease on my 2018 F150 is up next month. From my research, my truck is worth about five grand more than my lease buyout price. And my lease buyout price is about 8 to 10 grand less than what Iâm seeing other 2018âs going for right now. So purchasing it would be a good option in this case, correct?
What about cars that maintain their value like a 2020 Jeep? 2019?
Could you do a Honda Civic sport video with the financial please Iâm look to get one by end of the year for a 5 year loan
I plan on leasing a new 2021 f150 with a higher trim. I already know that I am going to finance it after the lease. I have to go this route because the payment will be more affordable. Having said this when it comes to the lease, it would be wise to pick the lowest miles option possible correct?
I am going to try to make this short and hopefully you answer. I am leasing and i went over my miles. The mileage overage is 0.15. I was considering buyout at the end of my lease.. But, I want a bigger car I have (A honda fit sport 2018).. Can I purchase a car within that residual vaule which is 11,696.75..
Thanks for the info once again bro! I have a question, I'm looking into getting a 2016 Honda Accord V6 Touring. Is $14,200 a good price for one with 39,664 miles and clean title?
I love this!!!!! Thank you!
Buying or leasing a car has to be a small fraction of your net worth. If you can't pay cash for the car, you can't afford it. All cars depreciate, your net worth must be able to afford the depreciation, majority of people get into financial trouble because they listen to some fast talking car salesman and wind up either leasing or buying a car they can't afford.
Iâm trying to get into a luxury suv, I call the dealer and they tell me that the car is being price over the MSRP 50 k above. The car Iâm looking into is the G63 Mercedez. Iâm curious to know itâs true that dealerships do this for popular high sealing car
Ari, if you go over the mileage on the lease how much discretion does the dealer have to waive some or all of the excess miles? I was told by BMW Financial that the BMW dealer can waive up to one half of the overage, have you heard the same? Does that apply to any other manufactures?
Any advice you can give on someone looking to finance the vehicle outright instead of leasing? I've been looking at an Acura TLX SH-AWD, leasehackr and Edmund's shows people getting a selling price of 38k for a car which MSRP is at 52k. However, the incentives are applicable to leases only, financing isnt getting the same love as leases in terms of the 8-9k factory to dealer incentives.
Would it be possible to get an auto loan to pay off the lease and get a better monthly payment?
I loved it for a little bit but after a year and a half, I honestly hate the car, but walking away from the lease doesn't seem good.
Hi, what if I going to buy out a truck because I been 2 years leasing
Iâm a very long way from a buyout option. Is paying more than the monthly requirement to pay the lease off faster a good idea or would there be some type of penalties to doing that?
hi ari next yr summertime my buyout is 26 but my penalty for going over 45,ooo miles most likely will be $6,ooo. 20 cents a mile if over. if I was to return vehicle . wouldn't it be advisable to buy the car since it will only be 20g left on 18 tlx-awd aspec please advise thanks
Who goes over 45,000 miles on a lease?????
Why Americans lease? Because itâs cheaper and less money down which Americans have.
Why Americans donât buy? Because they donât have money to put down and the monthly payment will be high. :)
Thatâs why people lease then buy đđ»
You're an idiot for taking advice from a guy with a mirror photo.
I'm leasing because I wasn't going to spend $3,000 maybe ($2,000) on a new Honda Civic Motor. No way Jose...So with that amount (an amount I didn't have for a car) I rather spend it on lease payments and suffer consequences of my desperate decision later. Whatever anything to avoid making trips to the mechanic during my work hours.
ĐжŃĐœđđđ Thanks for the info Djyan
Iâm in a situation where my lease is about to end in a couple of months I took heed into what u are saying and my only concern is dealing with the dealerships. Do u think I can negotiate with the financing company directly because I know the dealers add their prices/fees when you will end up financing at the end of the lease
Iâm looking into BMW X5 x35i v6 and thereâs a bunch of dealer selling it right now. I donât know which dealer to choose and My Question is can they reduced the price on a certified ? I found 2016 BMW X5 sdrive35i black on black
3.0L 6cyl Turbo 8A selling price $30,995
Plus tax and what is district tax? They talking about pls. Tell me if I can make a deal to them to reduce the price on it?
Thanks Ari! I appreciate it! Or anyone I need your advice thanks.
Hello I have a dilemma Iâm facing in 2 months my lease will be over I got the car because I wanted to try it and I like it but i have no idea if itâll be good to buy it or give it back my current payment is 338 with tax included I have a 2017 wrx premium and the residual is 19000 I believe. I just want to see if I should buy out the car or should I just give it back and get another car but buy it basically like the 20k range
Iâd like to lease a challenger scat pack widebody 2019 and buy it after , itâs a car I donât plan on trading but rather grow old with , what do you recommend ?
I found this used 2019 used rav4 adventure which has 8000 miles and is 31990 and also gives me a 1.9% financing. What price should I go down to. Pls help
Hey Ari what do you think of the GLE Coupe 43 Lease?
add some lighting!! Great video :)
Funny...been thinking about contacting you. I have a leased A4 with 23 payments left. Soon to be 22 payments. I also have a 2015 F150 with 6-7k of equity in it. Would love to trade both in...for one vehicle. Can this ever make sense?
Absurdly long explanation of just saying compare your buyout to the current market prices
So if I put about $7,000 down on a $30000 new truck and lease it at around $300 for 36 months, does the math work like this? $30k - $7k = $23k $300x 36 ~ 10k. Do I subtract $23k - $10k which would mean I have a residue balance of $13k ??? Or does the dealer make the buy out price from the beginning. Thanks a lot
The dealer (or the lease company?) establishes the buy-out price at the start. For example, I leased my 2018 Toyota 4Runner TRD Pro in March 2018 with a buy-out price of $30K. I'd be an idiot not to buy it out, but I knew that before watching this video.