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Originally Posted by bmwnewbie
With the whole lease vs buy debate you have to realize that in both situations you spend the SAME amount of money in depreciation each year. In a lease that's what your paying plus other misc fees and when you buy you spend/lose that anyway. So in my book its the same thing one you get to keep it the other you just have the option of giving it back. Your paying for an OPTION.  Sorry so off topic. |
Leasing isn't for everyone...but the original poster is about to take delivery on a car that he already wants to replace. Not sure of the Canada sales tax situation but in the US if you buy vs lease you shell out LOTS of cash for sales tax. (CA average is 8%) Leasing for 3 years cuts the tax loss in half. Also, BMWFS is notorious for OVER valuing residuals. On my last 3 series lease (2001-2004) the buy out was 27K and the street price was MAYBE 24K...so if I purchased the car I would have lost $1500 in sales tax and $3000 more in depreciation. Like I said...if you are the type that likes to have new car smell every 2-3 years then leasing is possibly the way to go.