Lease vs Buy?
01-22-2008, 04:09 PM
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Originally Posted by CVTBenhogan' post='521466' date='Jan 22 2008, 05:02 PM
I leased my car and I'm pissed off I did. In Illinois, we pay the entire sales tax during the lease term. Then, if you opt for the buyout, your paying taxes again. Never again.
I'm thinking about leasing my next car ... just to avoid the rapid depreciation that models such as the 550 and M5 experience. And because I'm thinking my next car will only tide me over until the F10 M5.
Regarding leasing versus buying, I figure that if you in fact have the cash on hand up-front, you would be better off investing it and paying a lease (well, most times anyway ... not so far in 2008
).
01-22-2008, 06:00 PM
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My Ride: 2011, X6 Hybrid . Alpine White , every option. 20" Conti' NON runflats,OEM trunk spoiler , LUX V3 AE's , HP Thunder Fogs , custom front bumper reflector delete........
Originally Posted by tachyon' post='521535' date='Jan 22 2008, 08:09 PM
So, it's only a really bad deal if you buy back the car, right? And given the high residuals, would you ever really do that?
I'm thinking about leasing my next car ... just to avoid the rapid depreciation that models such as the 550 and M5 experience. And because I'm thinking my next car will only tide me over until the F10 M5.
Regarding leasing versus buying, I figure that if you in fact have the cash on hand up-front, you would be better off investing it and paying a lease (well, most times anyway ... not so far in 2008 ).
I'm thinking about leasing my next car ... just to avoid the rapid depreciation that models such as the 550 and M5 experience. And because I'm thinking my next car will only tide me over until the F10 M5.
Regarding leasing versus buying, I figure that if you in fact have the cash on hand up-front, you would be better off investing it and paying a lease (well, most times anyway ... not so far in 2008
).
01-22-2008, 07:16 PM
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To sum up what most people here are saying, if you plan to keep the car 2-3 years, then leasing is the only way to go. The residuals are heavily subsidized, and the lease money factors (=interest rate) are competitive at worst, and are often subsidized as well.
If you buy the car and then trade it during that time period, you'll get killed.
Nothing wrong with buying, but given the (at least currently) subsidized lease programs, you'll need to keep the car a while to get ahead.
If you buy the car and then trade it during that time period, you'll get killed.
Nothing wrong with buying, but given the (at least currently) subsidized lease programs, you'll need to keep the car a while to get ahead.
01-22-2008, 07:55 PM
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Originally Posted by TXPearl' post='521602' date='Jan 22 2008, 08:16 PM
To sum up what most people here are saying, if you plan to keep the car 2-3 years, then leasing is the only way to go. The residuals are heavily subsidized, and the lease money factors (=interest rate) are competitive at worst, and are often subsidized as well.
If you buy the car and then trade it during that time period, you'll get killed.
Nothing wrong with buying, but given the (at least currently) subsidized lease programs, you'll need to keep the car a while to get ahead.
If you buy the car and then trade it during that time period, you'll get killed.
Nothing wrong with buying, but given the (at least currently) subsidized lease programs, you'll need to keep the car a while to get ahead.
It's also interesting to find out how much a prepaid lease costs versus the regular lease. If they aren't offering a great lease rate (as is often the case on M models) you can save quite a bit by doing a 36 month prepaid lease. A single lump sum payment and turn it back in after 36 months.
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