** The situation is that the GT lease was at the amount shown, so yes I guess it
** was either a mistake or a very good deal back in late 2000. My leased car
** costs are partially written off, but here's the weird part; Normally,
** lease rates are lower than purchase rates, but in this case, I was quoted a
** purchase price of $608 over 5 years on the Mach-1!! The interest rate of
** the purchase option was lower, 7.4%, but even comparing it to the 12.75%
** of the lease rate doesn't explain the huge difference. In this case, it
** seems they are essentially trying to dissuade lessees from going after the
** Mach-1 and want to confine it to buyers only. I have to check to see how
** the tax thing stacks up before making a decision.
When you lease, you're basically just renting the damn thing. IMO, unless you're going to drive it 10+ years, buying new is not financially smart anyway. Leasing is just a way to lure in a mark (aka: BoBo) who could otherwise never afford the thing to begin with.
If you can't afford it, look to something 2-3 years older. Americans lately have an anal obsession with driving something they can't afford, to impress others who could really not care less.
Regards,
-JD
--------------------------------- JD's Locally-Famous Mustang Page: http:/207.13.104.8/users/jdadams---------------------------------