re: If an employer pays full mileage rate, does leasing make sense?

quote:

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Why wouldn't you buy a car with zero down? Your wife's employer is paying over $10k in mileage a year, shouldn't that more than cover the note?

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Well, that won't, actually.

So, let's look at the kind of vehicle she requires. Her clients are all C-Level making bank. Her clients are all $1 billion+ annual businesses. She has to be in an impressive car. That means something at least $50k or greater. E-Class Mercedes or something similar.

Business mileage at 20k a year = $11,100

4 year note:$1250 a month = $15,000 a year
Insurance per year = $1900 a year
maintenance average a year = $500
Fuel = $3400 a year

So then $11.1k - ($15k + $1.9k + $500 + $3.4k) = -($9,700) a year in the hole. Haven't even touched tax, title and registration, yet.