Very Disappointed with the Resale Value

[GenesisAWD]

And you are correct. I plan to drive and enjoy mine during my three years lease, resale value means nothing to me too. Complete different approach but same result.

Not necessarily. I mean if you end up driving it close to the allotted miles and don't plan to buy it out at the end then you're right and the resale value won't mean much to you.

Me on the other hand, I lease as well but I'll be keeping a close eye on the resale/market value of my car once my lease end gets closer. I very well may have a decent amount of equity built into my lease. That will remain to be seen but my lease is for 12K miles/year and at the rate I'm currently going I will probably only have around 20-22K miles on the car when it's time to turn it in. That very well might end up being a nice couple thousand dollars I can put towards a down payment for my next lease, whatever that might be.

I'm certainly not counting on it but I've had it happen before and I'd be a fool for not playing that negotiation card at the dealership if I can.

 

[srobak]

Last year I paid 40k for my 15 AWD Ultimate. It had 9500 miles on it and I got the HPP B2B added for $1200 is it was a CPO.

Far as I am concerned - I got a 53k car for 41k that competes with cars north of 70k. I'm going to own it for 5 years and probably put more than 100k on it in that time. It is an awesome drive and pretty much anything that goes wrong with it is covered during the time I will own it. Maintenance is dirt cheap compared to other same-class cars. I will get probably 7500 to 9500 out of it when I trade or sell it towards my 1 to 2 year old CPO G90 in another 4.5 years.

Far as I can see - I am in a win/win/win situation here. I have no complaints. Yeah - I could have paid less had I waited until now - but then I would have missed out on 6+ months of driving a kickass car.... so - I'm ok with my decision.

If anyone buys a car with how much they can sell it for later as being their primary driver for ownership or purchase decision - then buying is not for them. I agree with earlier posters - their best option is to lease.

The crossover point for most leases on your money going out vs purchase is at the 5.5 to 6 year mark. If you had bought - then at that point you would be out of warranty on most cars and your value due to depreciation will only piss you off - no matter what you have purchased. Not to mention you'll be looking to sell or trade it anyhow because it is time to get into a new car at that point. Meanwhile - had you leased - you would be on your way into your 3rd new car over the same period of time, been under warranty the entire time (and still will be on the next one) and most likely also had a maintenance plan the entire time.

People should be buying cars to DRIVE them.... and preferably drive the wheels off of them.... not to sell them later and think about coming out ahead or even or with minimal loss. If so - then lease. Don't buy.

The only reasons I bought were because I was planning to drive the wheels off it and I got it as a CPO at what was a very good deal at the time. I am still not regretting my decision and never will... but had I known that the G90 was coming out and that it is as kickass as it is - I might have changed my tactic on the front end.