Okay so I've been doing research and haven't been able to find good information, and of course the dealer is going to tell me what I want to hear to make a sale. So I'm looking at a 16 AWD CX5 GT with tech. I had my mind set on purchasing but of course, leasing gets me a much better, comfortable monthly payment in the process of starting my life (just bought a house). So now I'm thinking about leasing, especially after learning that the mileage restriction ONLY is in place if I turn in the car at the end. But if I buy it, then it doesn't matter and just buy it for the residual price. So my mindset is that I'm going to go over the 10k/48 month lease but just going to but it anyway. Is this dumb guys? Without going over the recommended 2000 down max for a lease, $1600 down gets me a monthly payment of 299. Over the lease I'll spend $14600 something, and the dealer said the residual is $16800.
So it seems like the amounts equal up. What do you guys think? I know there are a lot of knowledgeable people here so I figured this would be my best shot at getting accurate information. I've never leased so this is brand new to me. I know people bash it saying I'm paying for a car twice but based on the numbers, I'm still going to pay the cost of the car. Just drawn out longer because I'm able to get a cheaper payment in the beginning. Thanks in advance.
So it seems like the amounts equal up. What do you guys think? I know there are a lot of knowledgeable people here so I figured this would be my best shot at getting accurate information. I've never leased so this is brand new to me. I know people bash it saying I'm paying for a car twice but based on the numbers, I'm still going to pay the cost of the car. Just drawn out longer because I'm able to get a cheaper payment in the beginning. Thanks in advance.
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