I am just about to complete my transaction and wanted to get some advice from the group about leasing versus financing versus purchasing outright. I was prepared to simply purchase the vehicle in cash, but with electric vehicle technology moving so quickly forward and with the economic uncertainty over the next few years, leasing has become more attractive to me. For example, my Jaguar I-Pace was pretty much the only thing available besides Teslas and an Audi E Tron when I got it in 2018. Now, it has depreciated far more than I thought it would and it is not even close to the latest in today’s technology, less than four years later. So, I kinda wish I had leased and could just give it back.
Question to discuss: Is there a downside to simply paying out the entire lease as a down payment? I understand there’s other ways to invest the money but these days, who knows? Playing with the calculator on the Lucid site, it saves me about $15,000 over four years as opposed to making monthly payments for that same period. Is that a silly idea? Thanks I’m advance for your thoughts.
Question to discuss: Is there a downside to simply paying out the entire lease as a down payment? I understand there’s other ways to invest the money but these days, who knows? Playing with the calculator on the Lucid site, it saves me about $15,000 over four years as opposed to making monthly payments for that same period. Is that a silly idea? Thanks I’m advance for your thoughts.