Lease or buy?
Ok going to pick up the 22 R/T this weekend. Debating whether or not to lease or buy. Lease is cheaper by about 60 a month. Residual in three years is approximately 32500. We basically have full intention of buying the vehicle at the end of the lease but what I'm worried about is the value of it in three years. this market is nuts right now. Think it could potentially be valued lower than the residual? Typically they are around 5 to 6 more than residual from what I've seen. I guess I'd rather keep the payment lower and then buy it and finance it for three years and keep the same payment. I'm definitely open to criticism either way. The other benefit would be we could just walk from it in three years if the value goes haywire and just get another one or who knows. Maybe the EV market will be appealing by then. We live in northern mn so I don't know about that one but who knows.
Tatino Tatic
shared this idea
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MailinCaser
commented
It seems to me that it is always worth choosing to buy when it comes to real estate. The fact is that real estate is one of the safest ways to invest. In fact, even if you buy an apartment on a mortgage, you can almost immediately rent it out, and the monthly payment can be used to pay off the loan. This is a fairly simple scheme in which you remain in a fairly stable financial position. But to do it correctly, you may need the help of experts. You may also need Equity Release London https://londonmoneyman.com/equity-release-advice-london/. Personally, it has been a good way to invest money wisely.
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JarryPatyson
commented
doesn't actually suprise me