Are you the same natman that is on MBWorld?

I would lease it and try to get out of it after a year btw

 

yep. Are you on there??

 

Yup, I'm a sponsor, I am acuteperformance

I'm the guy who helped make Benson's car your car's twin :laugh:

 

hahaha oh nice! why do you think leasing is the better option?

 

If you don't want to keep the car for more than a year then what's the point of buying it? If you get a good enough lease offer you will end up paying a very small % of the cars actual cost and then you can transfer the lease to someone else, while if you buy the car then you have to pay higher monthly payments for much more than 1 year.

Are you looking for a DD? Why not pay cash on a clean e36 3 series and sell it once you're done with it, the resale on those is consistent so you can probably sell it for what you got it for and it's a very reliable car. A very clean one can be purchased for around 6-8k

 

not sure if any car companies will allow one year leasing without extremely high payments, but if so, it's not a bad idea because you don't have to pay the full sales tax on the vehicle.

if you're not sure, add up all the payments for the purchase and try to estimate how much you can sell the vehicle for; compare the number to all the lease/drive off fees.

 

If you're trying to build credit you might as well go ahead and finance the car. A lease makes little sense as finding someone to take over your lease can be difficult.

Also if you are able to buy it cash, put down 50% or whatever feels comfortable, finance the rest, build your credit, do a short term loan (low APR) and then sell the car off at the end of your term (or within a year) with little to no negative equity.

You are going to lose cash on this deal regardless of if you lease, Finance, or do cash. Depreciation is a bitch.

 

Lease. You'll only pay tax on the payment amounts you make during the year. Purchasing the car you will pay tax on the sales price. Factor in sales price and other factors to see how it pencils out. I don't know much about the car you're speaking of so I didn't consider resale or what state you're in.

 

I agree with lease, because you'll be upside-down one year in unless you put a large chunk of change. However, taxes are dependent on the state. Here in MD they tax the full anticipated depreciation, not just the lease payments.