| Question about leasing vs purchasing a CL 63
As many of you know, I have ordered a CL 63, which should be in production in August...or so I'm told. I'm looking at a possible late September, early October delivery date, so I'm now thinking about $$$$. I already lease my GL 450 PE, which helps me out every year with good ol' Uncle Sam, but I never keep a car more than 3 or 4 years, so I was contemplating leasing the CL also. Since I can't deduct both leases come tax time, I'd deduct the higher of the two, or simply use a HELOC to buy the CL and trade it (not sell it) in about 3 years. Excluding all the particulars that make everyone's financial situation unique, how much sense does each of these approaches make? I would still be looking at about $2500 a month either way, so monthly payments aren't the deciding factor. Any thoughts?
Joe |