24 month or 42 month lease?

[MidlifeMN]

What do you guys think? 24m would be nice but it's alot of upfront ($5,000) to have to do it all again in just 24 months although the residual is just $1500 more than the 42 month lease ($29,252 vs $27,756). Do you think that it will be worth more than $29,252 in two years? I plan on leasing cars from now on but hate to pay upfronts again in two years for a new lease.

[Anthony]

I'm a big fan of the 24 month lease, as I don't like to keep my cars for more than a few years (new ones, on a lease).

Are you having to bump up your upfront costs to keep the monthly payments low? If that's the case, then yeah get a longer lease plan.

Curious as to what the monthly payments are going to be.

Oh, and yes the B6 S4 should still be worth more than $30 grand in two years. Although the B7 coming already doesn't help matters much...

[fanuvbrak]

the whole idea of a lease is to NOT put any money down. The money you put down is simply going to lower your payments. Example: $5,000 down will reduce your payment by $208.33 per month.

ideally, a lease lets you get into a nicer car for less payments and you get to switch cars every few years. it is never a good idea to buy out your lease. if the car holds it's value better than residual, then the best thing is to trade it in just before your lease is up.

[ColombianRacer]

To me a lease is the best because you can change cars in two years. Every year new models will be coming out so it is better to have a pimpin ride and be chillin.24 month lease also depends on the car you are getting itno les money go for 24 month lease.

[A4 - Oh Snap]

If you know you're going to trade it in, get the longer lease which will make your monthly costs lower. The only drawback is, the dealer prices the buyout of your lease via the kelly blue book (kbb.com) trade in value. You'll end up being upside down a few thousand dollars if you trade the car in within 12-15 months. I don't when or if the depreciating market value of the car will meet the kbb trade in value.

[Axxis]

Originally posted by fanuvbrak
the whole idea of a lease is to NOT put any money down. The money you put down is simply going to lower your payments. Example: $5,000 down will reduce your payment by $208.33 per month.

ideally, a lease lets you get into a nicer car for less payments and you get to switch cars every few years. it is never a good idea to buy out your lease. if the car holds it's value better than residual, then the best thing is to trade it in just before your lease is up.

That math you did.. How much is the value of the car?