Quote:
Originally Posted by mjr24
Quote:
Originally Posted by Resjudicata
I ran the numbers, it's almost identical to lease or buy it. if you lease 2 cars for 3 years back to back, 99 times out of 100, it's the same as buying and selling in 6 years.
the only difference is that you have a guaranteed buy and sell price with % of residual assuming you stay under miles and no damage on turn in.
if you have a lease ending today, vs 3 years from now, that might make a difference. but in the long run, Leasing is not any better than buy and sell in 6 years vs 2 leases.
except that you have 2 new cars instead of 1 new car.
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Disagree. The M850 might be, what, a $1500 per month lease? That's $54k of payments in 3 years. You are saying you are out $70k after 4 months. Easy calculation here. That car will be worth even less in 2.5 years even if you don't drive it another mile. |
my m850i is a year old. assuming the value in 2 years is equal to the value today; then the lease vs buy is almost the same. I'm out about 60k vs your 55k lease cost today.
my point isn't today price, it's the cost after 6 years.
even if it drops, the price in 6 years will be equal to the cost of 72 lease payments almost everytime.