So my car (SL,QC) has been finally delivered week ahead of the estimate. Today I visited my dealer to get a list of all possible finance options.
I was still open to both leasing or buying.
One thing that got me by surprise was pretty high interest on lease: 0.00304 (or 7.3%)
My CU gives me up to 5 year loan on a new car for 2.99%
I guess I will have to go with buying since by the end of 36 months I would end up with "savings" of almost 5k (and that's including interest I will pay to CU).
And again comparing to lease, imagine if these 5k of savings would go towards hypothetical residual value (~16k), I would only had 11k left more to pay out after 36 moths. And I believe the car will have a value of way more than 11k in three years. Right?
I was still open to both leasing or buying.
One thing that got me by surprise was pretty high interest on lease: 0.00304 (or 7.3%)
My CU gives me up to 5 year loan on a new car for 2.99%
I guess I will have to go with buying since by the end of 36 months I would end up with "savings" of almost 5k (and that's including interest I will pay to CU).
And again comparing to lease, imagine if these 5k of savings would go towards hypothetical residual value (~16k), I would only had 11k left more to pay out after 36 moths. And I believe the car will have a value of way more than 11k in three years. Right?