Lease to buy questions

If you lease, with the idea of a later purchase, then you pay sales tax twice, no?

You are right, you will be hard pressed to find a good 2004+ Prius for $6500. One with 75K miles or less is probably $10K and up, unless it is salvage title.

 

First you should never buy a car on a monthly payment. All dealers are scumbags and they will play games with the numbers to meet your target and you will lose. They will finance your car for 10 years to meet a number.

Find out what features you want and can afford and use an on line amazation tool to figure out your monthly payment. It is not that hard to put together.

The biggest problem with a lease is it forces you to buy a new car every three years. You are way better off buying a Prius and keeping it more than three years. Toyotas are the most reliable cars in the world. It will last.

Last do not let the dealer sell you anything more than the car. No insurance on your loan, no rust proofing, no super wax coat on the finish, No special coating for the seats and worse do not buy the extended warranty or the extended service contract.

 

No one can do this for you - the only way is to get the information from some dealers and figure it out.


The cheapest way normally is to purchase and keep the car a long time -- but if you change cars often then leasing can be less expensive.

I have leased cars and then bought them -- I have even done "one payment leases" ... Manufacturers subsidize leases just like they provide rebates and finance rates. But it changes all the time with each car.

With Toyota running hefty discounts and 0% for up to five years -- buying is most likely cheaper -- but more then $300.00m


The dealer can give you the money factor (finance charge in a lease) and the residual value -- just make sure you ask about the lease fee and buyout fee.


You pay tax on the lease payment -- on states that charge tax that way.