yaggaz

Distinguished
Nov 17, 2013
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Say you see a new car for sale for 20 grand and you want to lease it. You put down 3000 and lease it for 150 a month for 3 years (5400)

Does that mean if you choose to buy it at the lease end, it will be 20,000 - 8400 (The 3000 and 5400) so the buyout price is 11600? Is that how it works? I tried to research it online and didn't understand it.

What if you dropped 10 grand at the start instead of 3, does that mean you owe 4600 when you buy it? I've never bought or leased a new car before, just owned beaters so never had any experience with this.
 

USAFRet

Titan
Moderator
Mar 16, 2013
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Leasing, financing, and buying with cash are totally different things and different cost outcomes.

The end buyout of a lease is NOT a simple X - Y = $$.
If you don't understand the terms of the lease, do not sign.

Generally, do not lease a car.
 

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