$1500 month in SoCal lease? Sound high? Denali xl

[1BADI5]

If I was going to lay out $1500 a month, I would want some equity built up at the end. For 36 months @ $1500 + the $2000 drive off, that is $56K over the life of the lease and you have nothing at the end of that once you give it back to the dealer. That is 2/3 the sticker price of the car and the dealer will turn around and sell it for $50K.

Yup, piss poor financial move.

$56k in a Roth IRA, 401k or in your kids 529 makes alot more since. I elect to throw the money in my 401k to minimize my tax liabilities, plus my company matches dollar to dollar up to $19,500. So I double my money up front and last year my 401k fund had a return of 37.4%. So last year I had an 87.4% return on my investment on one 401k account.

Would only make sense if it was a business expense.

 

[Jason in DLH]

36 month


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Whew...if cash is burning a hole in your pocket you can certainly send some my way.