Lease rough numbers are 2000 down and 600 per month , haven’t asked detailed breakdown… I am getting 1.78 APR loan for 6 years the monthly pmt is 750 and most probably easier to flip if i don’t like the car or market remain like this in 6month -1 year. Easier to flip on buying then lease.
Just keep in mind that you’ll be starting behind a good $4000 due to the taxes. How many months of payments with the higher rent charge will it take to break even on the thousands in taxes?
How so, rent charge less than sales tax, lease. Rent charge higher than sales tax, buy. Define ‘fast’ for us, that is what makes / breaks. But at 4k off, damn take that, is there a trade involved, or any dealer additions?
If you’re looking to flip thus, who cares what the monthly payment is? What’s the total cost of ownership for the period you’re planning on holding it?
So if i am understanding right. Lease the car and when flip it buy the car and sell to dealer/3rd party and you will be refunded the taxes you pay if you sell within 10 days. Is that the core of the logic?
Yikes that mf. It’s like 6.36% interest. But if you’re looking to flip it within 6 months, just lease it, and if you like it, buy the lease out at a lower rate (can’t say what it’ll be, but less than the interest on the lease), and own it.