Is leasing an Emira a good idea?

[Kalel]

Hey all, I looked and there was a conversation a year ago about leasing but it ended without much resolution.

I have never leased a car before but I am wondering about doing a 3 year lease on a left over 2024 i4. There are some deals to be had right now if paying cash but I am not sure about with leasing options.

It would get me to 2028 when the refresh will be out. It also takes away my need to PPF the whole thing. It allows me to keep cash in other interest gaining opportunities.

Just curious about if others have done this. Thanks!

 

[Emira Fan]

I've leased several cars, typically it ends up costing more, but cost wasn't a primary factor, more so piece of mind (didn't care about them). Really depends on the terms. With the cost rising on new Emira's the older ones will probably hold there value better. What are the terms? does the contract stated residual?

 

[Kimmax]

I did for 3 years and am due to buy it out in December.

I’m glad I did. If I weren’t able to get all the things fixed and the Emira turned into a reliable car by then I could just return it and it wouldn’t be my problem anymore. Now I know exactly what state the car is in, whats been done and what common fault could still wait around the corner after the warranty runs out.

I'm now certain I want to keep the car and I'm sure I can deal with whatever comes up next.
You sure pay a hefty premium for postponing your actual buy decision to a later date but I would say it was worth it.