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Throw out the old saying:"YOU LOSE 10% VALUE WHEN YOU DRIVE A NEW CAR OFF THE LOT" I've been receiving a lot of junk mail wanting to buy my wife's ride???
2020 GMC Terrain AWD with all options. I signed the lease 09/20 (production date 08/20)
After 20 months of driving currently at 11,500 miles, my total cost for lease+payoff is $31,098.74.
Here comes the best part, I only have 8 ($295.57) lease payments left(prepaid through 2022) and my current buyout is $21,118.35. I'm obligated to pay the final 8 payments per the lease contract=$2,364.56. Then the payoff would only be $18,753.79.=FREE to drive+$$$$ in pocket!
Yes it is! Inflation rate just hit 8.5% March'22 ....now, my current cost for same replacement on a '22 is 13%+. I still have 16months to keep my $banked +I still have my 3rd free oil change to use & still well under 3yr/36k bumper to bumper, &70k warranty tires.