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8k. Used it as a cap cost reduction on the new one. Old lease was 450 a month with everything rolled in and all servicing included, so I paid a total of 16.2k for the car for the time I owned it and got 8k back.
Had a choice of 3 new ones on the lot. One of the others sold as I was signing the papers for mine, and I was in and out in under an hour. New cars are there - at MSRP - but you can’t hang round, because they sure don’t. Again I leased a VW because the Audi I really wanted had a 6 month wait, so I’m for sure not saying everything can be bought.
Mfr offered a 0% lease on the 19 when I got it, so pretty much every cent I paid outside of the depreciation was recaptured.
New car is nicer by every metric. Come with 3 years of servicing so unless it needs tires it won’t cost anything but the monthly nut.
This wasn’t to start a lease vs buy or new vs old war. Your circumstances are all different. Mine is I don’t want to drive a daily without a warranty and unless I choose to drive exotics I can do so. I’ve bought two used cars in 20 years. Both CPO. Both left me stranded. None of the new ones have, so I’ll keep doing this until I can’t.
My whole point was that the differential between a new and a late model used car is small enough that if you can find something acceptable I can’t understand why you’d buy used right now.
Last edited by Alan A; 12-31-2021 at 09:55 AM..
Reason: Clarification
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