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BMW Lease
Can someone explain to me the advantage of a lease. I've seen a few explanations, but the numbers blew by me. I searched the forum and was unable to come up with a nice laymans terms breakdown. Looking at a 525 or 530, but after reading a few posts it seems like I should consider leasing. Sorry about the noob questions, but appreciaite the help.
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Quote: | Can someone explain to me the advantage of a lease. I've seen a few explanations, but the numbers blew by me. I searched the forum and was unable to come up with a nice laymans terms breakdown. Looking at a 525 or 530, but after reading a few posts it seems like I should consider leasing. Sorry about the noob questions, but appreciaite the help. | Here you go. Good luck.
http://www.edmunds.com/advice/leasin...les/index.html
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Did either of you purchase from a Vegas dealership? My experience was bad with Vegas dealerships. Barely wanted to budge from MSRP. Actually told me to go somewhere else if I can do better.
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Just purchased at Desert on Decatur and Sahara. Service was alright, actually had better service at Desert Henederson. As far as Invoice to MSRP they were pretty difficult. We ended up at about $600 over Edmunds TMV, which is nothing to write home about. They were pretty easy on trade value though. I would recommend going to Desert Henderson if anyone in Vegas is looking, Florin was great out there.
Thanks for the link Rmart!
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MAny people can throw numbers left and right about how leasing is more expensive than buying. Of course, its obvious if you are like me and will drive my 2002 Accord to a million miles then it is best to purchase the car, thats simple. Everyone keeps saying that if you purchase the car, then you have ownership and you have equity in the car. I do not dispute that. My argument for leasing is in the practical side. My friend buys and trades in cars every 2-3 years using financing. Some times he buys used and sometimes new. First if you buy then going to trade in and the book say you have 10000$ of value in your car, do you you actullay think the dealer is going to give you 10000k in your car when you trade it in? If you know a dealer like that, please tell me so I can trade in my car to him. Second, if the dealer says we can't give you 10k cuz you got this and that wrong with it, what are you going to do? Take his offer of 5k for the car and lose all that value? Many people who aren't thinking will say "I'll just keep it and not let him rip me off". So you will have to pay for add in newspaper to sell it, meet strange people in parking lots so they can look at the car, clean it just to make it presentable. By the way, you'll have your new car driving while the one you don't want to trade in is sitting in yuor garage losing value by the day. Oh, also did you remember that you have to pay insurance, maintenance on that old car of your while you wait for it to sell? MAjority just bite the bullet and trade it in, and buy another every 3 years. MAny lease calculations do not take into account this practical factor. To me, if you trade in a car every 3-5 years, which many people do, its best just to lease and drop it off with no worries about what you are going to do with the old car. NO more insurance payments, no worries about warranty, no worries about what are you going to get for trade in.
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BMW Lease