Thinking of Leasing a vehicle? Feedback on amount of $ to fund package

Submitted: Friday, Apr 10, 2009 at 19:29
ThreadID: 67748 Views:3139 Replies:6 FollowUps:19
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Having had my lease for tow years now I can post real costs to those that want to follow this path.
1) Vehicle package was $40,000
2) Lease is over 4 years with a residual to pay out of $13,000
3) Current running costs & lease payments per year are 18,750. (Lease cost alone is 796.36a month)

As far as I can work out that in the end I will buy a 2007 Holden Rodeo with just over 100,00k for the 13k and apart from the running costs this is what it cost me (Though you would also have to add the lease fees and start up charges). If you do as I have and put a sum away each month then I will purchase the car for cash at the end of the lease.

Hope that helps someone and maybe someone can pick fault with my assumption - after all it has been a long day. :-) Cheers Tony.
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