Orion_240

^ Nuff said!

A lease means you'll be paying for the difference between the selling price and the value of the Mustang in 2 years, after it's got 24,000 miles on it. Then add on the finance charges, penalties, etc. Unless you are using the car for business purposes and can write it off it really doesn't make sense to buy a new GT. And one with zero down will be as rare as a cool day in the middle of summer!

A much better idea is that you should buy a low mileage, used GT. Could be as low as 19,000.

kenthicken

A 24 month lease for $350 a month isn't going to happen unless you put a ton of cash down, but at that point, you're better off buying it. Mine is a 36 month lease, 15,000 miles a year, for $420/month plus tax.

Charlie321

That comes to $18,444 over the course of the lease, and I assume you have a cap on annual miles driven before they hit you for extra mileage. A used GT with low mileage would be in the ballpark of the same price, plus there would be no charge for extra mileage and you'd get to keep it forever.

Leasing almost never makes sense unless you can write it off as a business expense.

dcottrell6

Yes, I have a cap of 10k miles a year which is fine because I barely put on 8000.
You can add more miles/year at a higher monthly payment.
I always lease as I never keep a car past 4 years.

Charlie321

That's a lot of money to drive a car less than 30,000 miles.