I've been talking to some friends and colleagues about this and everyone seems to have their opinion but I'm curious what you folks think.
I put maybe 2,000-3,000 miles a year on my cars. I don't use them to commute (I take the bus, train, etc.) and really just use them for leisure, weekend trips, etc.
My approach has always been buying, not leasing, since even most low-mileage leases don't make much sense in this regard. Typically I put about 50% down to get the monthly payments extremely low and finance over 5 years, again, to keep payments low and at today's interest rates you're not losing much. And then 3-4 years later the car is about 80% paid off and I'm ready to roll it over into a new one. Usually an upgrade
I'll probably hold onto my M4 for another 3 years but already starting to wonder if there's a better approach for the next time around. Anyone else a low-mileage driver and have better tips, tricks or experience for maximizing the financial tricks of low-mileage ownership?