Maybe others can speak to this but I think it’s a glitch in the calculator. That negative equity is a positive number. For example try increasing the expected residual percentage and the negative equity number goes more negative/increases.
So lets do the math,
Finance (60 mo, 2.9% is $41062 OTD approximately) $900 down, $719.88/mo, $16766 payoff after 3 years. Total cost $43582.
Lease $900 Down, $498/mo, $24102 RV. Total cost $42930.
Now you can lower cost by going down to 48 mo. 0.9% loan. $900 down, $852.17/mo, $10177 payoff after 3 years. Total cost $41755
I can not agree with You on this particular car.
Pleaee correct the calculator if I am doing something wrong but leasing is the way to go here.
Because the sum of the payments is lower on the lease?
That makes sense.
KBB’s trade-in value is not the most accurate all the time. KBB might show 23k, and in reality, that car might be worth 29k to auction wholesaler.
OP does have a point tho. It takes a lot to overcome that lower interest rate and really high tax rate. After 4 or 5 years the numbers will flip in favor of financing but selling at year 3 it’s close.
Not talking about OP specifically, but many people are only looking at one 3-year timespan at a time.
While this is somewhat better than just looking at the monthly payment, it completely ignores the negative long-term hole that’s being left in one’s net worth by getting a new car every 2-3 years.
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Based on the calculator you need to keep the car for 5 years to break even
There’s no place in the calculator to show the cost of two consecutive leases compared to keeping just one purchased vehicle for 83% as long.
With that said, I haven’t looked at or validated your specific numbers at all. My comments are more general to make sure that you do that level of analysis and come to a sound conclusion.
Clearly with some of the outrageous Bolt and i3 lease deals from when I first joined, it wouldn’t have made any sense to buy the identical vehicles instead at the time.
But my instinct here is that this isn’t a pre-covid Bolt or i3 lease you’re looking at.
It’s your money, so you don’t have to convince me of course. Do what makes sense to you. 
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A Tucson is now $40k!
Yeah, and more expensive limited hybrid $41k. LOL
I’m not sure your numbers are correct but let’s assume they are. What conclusions do they support?
Does it make sense for the person with a $500 monthly budget to lease every 3 years? That’s $18,000 in this cycle. Probably 19-20 in the next. And 21-23 in the next. That’s ~60 grand in just 3 cycles.
OK. Let’s look at finance. With sales tax and interest the TCO is $53k.
The avarage trade in value of 9 years old Tucson Ltd with 110k miles is $9.5k.
$43k TCO not including additional warranties, maintenance, at least one set of 4 tires and twice replacement of brake pads.
So it is ~$5k in saving over 9 years that means $46/month.
A car with a $37,880 selling price?
You are right with the discount it is $49k anyhow i cannot see myself paying $660/m for 7 years old car
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My brother in law wanted white with black interior. They did not have it. I Can provide contact info to Long Island dealer for free if interested.
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