ST Alpha - "If you can stay under the miles, it really comes down to the Residual Value percentage they set and how long you're going to keep the other car. " (Reading a Post)

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In response to "Next lyc car buying question, does it make sense to consider leasing? -- (edited)" by Znufrii, promoted

If you can stay under the miles, it really comes down to the Residual Value percentage they set and how long you're going to keep the other car.

Posted by spamlet Feb 6 '24, 11:31

You want the highest RV possible as it reduces your payments. DO NOT PUT MONEY DOWN ON A LEASE. If something happens that "down payment" goes *poof* and you've essentially prepaid expenses for the rest of the lease.

I would seriously consider it with how fast tech is changing. I know you said no EV now, but could things change in 3 years?

Responses:

Yeah, we’re definitely in spreadsheet territory now. :) -- (edited) - Znufrii, promoted Feb 6, 11:34 2
- I mean this is clearly a spreadsheet decision. That wouldn't even be a question in our house. -- nm - spamlet Feb 6, 12:14
- I love the smell of a good spreadsheet in the morning! -- nm - sycor Feb 6, 11:59

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If you can stay under the miles, it really comes down to the Residual Value percentage they set and how long you're going to keep the other car.

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