End of Lease - Car Purchase

[BG2008]

I have a 2020 Acura MDX with tech package where the lease is set to expire this Saturday. Got a quote from Acura for $29,963. In the past, I would just send it in and get a new lease. Given the car market these days, I am thinking of getting financing and buying the car outright as we've driven it ourselves mostly and have done all the oil change. Has anyone done this recently? To get financing, should I contact the Acura dealership? Or should I do it directly via Acura financial and get a loan from a local credit union/bank? Thoughts? 

[sleepydragon]

I am doing the similar thing. When interest rate is low, it’s good deal to lease car. Now the interest rate is so high, it cost way more monthly to lease the same car. At the same time , both new car and used car are more expensive than 3 years ago. I figured it’s better to exercise our option to buy the car now and drive it another 3 years and then lease a new one when the rates are better. 
I am not taking a loan to do it. Selling some stocks to pay for it. And the margin loan at IBKR likely have lower interest rates from banks (though I usually do not have margin balance for more than a few months)

 

[Gregmal]

Yea I’d just margin some of those FRP-bills you got and then payback the car loan equivalent every month. 

[BG2008]

What is the car lease interest these days? 

[BG2008]

I guess I'm really gonna miss those 0.9% and 1.9% car loan rates. 

[sleepydragon]

2 hours ago, BG2008 said:

What is the car lease interest these days? 

I don’t know what interest rate they are using but the same model of car I leased 3 years ago is 50% more monthly now for new leases

[Xerxes]

Few folks from my family and friends had also crazy low rate right before Covid, I think all of them bought back the car (exceeded the option) to re-sell as second hand in late 2022-23.  
 

Unknowingly all of them were very (correctly) shorting the bond market with their unintentional trade.