Quote:
Originally Posted by David Inc.
I think, evaluating whether to buy now or not, you should completely ignore sunk cost and simply compare the offered lease buy-out price vs. buying used. That buy-out price actually looks pretty good, not knowing options on the car.
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This is the key to deciding whether to purchase the car or not. There’s value in knowing where the car has been and if there are any problems with it. Was all the tax on the residual paid already in the lease, or will tax be due. States differ.
Is there a point in a forensic analysis if she made a good deal? If so, please post an image of the actual contract. That worksheet won’t be useful.