On 6/30/11 PDT 6:00 AM, PeterN wrote:
On 6/29/2011 8:53 PM, Alan Browne wrote:
On 2011-06-29 18:33 , John McWilliams wrote:
On 6/29/11 1:30 PM, Alan Browne wrote:
On 2011-06-28 23:15 , John McWilliams wrote:
On 6/28/11 PDT 7:15 PM, Alan Browne wrote:

The only smart (money) way to acquire a car is to pay the most you
can
in down payment, to pay off the car as quickly as possible and
finally
to use that same car as long as economically possible.

The "only way", huh?? You presume the choices are lease or finance.
What
about self finance? Opportunity cost of funds lost in downpayment?

The cheapest (smart money) way to buy a car is to pay for it quickly at
the best negotiated price.

Best price- no argument.

But cheapest way? Until you grasp that there are conditions under which
and outright cash purchase (which, will you not concede, is the quickest
way to pay for it?) may not be the smartest choice for an individual not
named AB, the rest of your argument is baseless.

Prove it. Give me an actual case that shows end value better in a lease
vs. an outright purchase for a car at a given price. Don't forget all
the T&C's and the end states.


I gave you an example.
Yes, zero interest is not common. discounts for leasing are not common.
Here are the actual numbers
Negotiated cash price 32,225

Monthly lease payments (36 @298 )
Buy back 17,550

You do the rest of the math. Leasing was a no brainer

I've pretty much given up. Alan seems to think that all leases have
higher buy-ins at e.o.l than market value. If I were to provide a
specific example, Alan would apply just his own time value of money to
it. as well as the assumption that the car would be kept an addtional
4-6 years.