Lease vs Purchase

fayk

2018 ILX with technology package - Richmond, VA

Lease price $27,076.64 (OTD, tax title, fees etc) 36 months with 56% residual. 15,000 miles $0 down.

Purchase price $30,434.11 (OTD, tax title, fees etc) 36 months 0.9% financing


Which is the better deal and should we push for lower pricing?

Thank you.

Michaell

fayk said:

2018 ILX with technology package - Richmond, VA

Lease price $27,076.64 (OTD, tax title, fees etc) 36 months with 56% residual. 15,000 miles $0 down.

Purchase price $30,434.11 (OTD, tax title, fees etc) 36 months 0.9% financing


Which is the better deal and should we push for lower pricing?

Thank you.

fayk said:

Should add that the base price for each:
Lease - $24,710.00 ($9,357.00 less than MSRP)

Purchase - 28,512.00 ($5555.00 less than MSRP)

We don't track pricing - check here for better information:

https://www.edmunds.com/tmv.html

If your intention is to keep the car after the lease term, I'd suggest you buy it, outright.

fayk

Should add that the base price for each:
Lease - $24,710.00 ($9,357.00 less than MSRP)

Purchase - 28,512.00 ($5555.00 less than MSRP)