FlyerTalk Forums - View Single Post - Permanently Renting Instead of Owning
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Old Feb 17, 2013 | 8:30 pm
  #11  
pragakhan
 
Join Date: Mar 2007
Location: US
Programs: DL GE
Posts: 1,654
Lease a 2013 CHRYSLER 300 AWD for $319 per month for 36 months. Total due at signing: $2,999. No security deposit required.

$319 x36 = $11,484
+ $2,999 = $14,483
+ Insurance $3,600 (@$100 a month)
+ Registration $360 (@$120 a year)
+ Oil Changes $360 (@$60 twice a year)
= $18,803 / 36
= $522.30 a month.

$522.30 / 31 days = $16.84

Yes, of course one would have to take into consideration unlimited miles from renting vs the standard lease allowance. Also the benefit of using a cash back CC and getting free days.

But is anyone saying we can get a daily rate that averages under $20 a day?
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