Lease vs. buying in NYC for luxury SUV

[jaymarc]

Forum has been a great resource so far. Im a busy surgeon in NYC and need a car to get around during on call periods especially as well as I am an avid surfer. But based on my prior usage I only put about 3-4k miles on the car per year. ridiculous i know. Im looking at several CPO or brand new lux SUVs. 2019 Macan or a new defender around 70k. Emotionally prepared to pay MSRP and I have excellent credit. Given im putting minimum miles on this thing, and how terribly these things lease is it safe to assume since i quality for prime interest rates that buying has a much better move than leasing in the current environment. I’ve always leased but feel like i wasnt maximizing the usage at all.

Thanks in advance!

[Bostoncarconcierge]

If you’re in NY and you want a Defender, MT kisco has a large inventory. Go for a 110 or 110S @ 24 months w an 82% residual.

You’ll pay MsRP but that’s more than fair in this market. Just see if you can get MSRP and a fair MF.

[jeisensc]

@jaymarc

Given im putting minimum miles on this thing, and how terribly these things lease is it safe to assume since i quality for prime interest rates that buying has a much better move than leasing in the current environment.

You have to do the math. On many leases no, on a Macan possibly. As @Bostoncarconcierge said maybe look at the Defender first since RV at 24 months has been so high.

[Bostoncarconcierge]

I should also note there’s a geographical advantage at the moment.

Kisco has a boat load of these (no insider tip here just what I see on the site).

At this time, LR dealers are being dinged financially if they sell X% of their units outside of their market. So folks in the area have an advantage over me calling from Boston. The only way they would sell one to me is if im paying well over MSRP.

[nyccarguy]

Is definitely suggest leasing. A lot of the luxury brands offer 7,500 mile per year lease programs. Even though you won’t even come close to the mileage, you’ll always have a vehicle under warranty & not have to worry about depreciation.

[max_g]

How long are you planning to own?

Also: what’s the situation in your building’s parking garage? Will a Macan get hit with a luxury surcharge? Or a Defender with an “oversized” surcharge?

[noobdealseeker]

Sorry I don’t know anything to contribute to OP’s question, but I really wanted to thank you and all the others who responded with genuinely helpful info. You guys have first hand experience and knowledge, and are so generous with it!

[DG-X5]

@Bostoncarconcierge

units outside of their market

When you say something like this, is the ‘market’ typically defined as the city, the state, or surrounding states as well (NJ/CT)?

I assume this may differ by manufacturer or local laws/guidelines, but just curious if there’s a “usual” assumption here.

[Bostoncarconcierge]

Usually its within a defined region.

Right now, they tightened the strings on dealers and its market within their normally defined region. Speaking of LR specifically. LR dealers will be penalized part of their holdback if they sell more than 5% of their units outside of their local market/PMA (primary market area).

Theres not a usual, though.