Quote:
|
Originally Posted by glennlee
I am considering buying out the E90. Provided that the interest expense during the 36 months of lease is about $6,000 if I do single lease payment, and that the single lease payment total is around $28000, I think I'll do better later in three years when I want to sell the vehicle. I think I'll spend $25,000 more now and try to get about $30,000 back when I sell it in three years. Residual value is 62% of $50300 MSRP.
How does it sound?
|
I went though the same lease vs. buy issue.
For my car tax and everything came out to approximately $24K to lease or $48K to buy. I figured paying half to use 3 years and 72,000 kms on the car sounded about right so I leased. Plus I really hate dealing with selling a used car... low ballers, people wanting to drive it, getting less than you expect for it, phone calls, etc...
In hindsight the engines all being bumped up for 2007 would have been bad for resale probably so that was a plus for my decision to lease. The single lease payment was convenient as I didn't have to deal with monthly payments, but also didn't have to deal with selling the car.... also if I owned this car I would have almost certainly have taken a huge hit trading it in for a 335 so it's good it kind of locked me into driving this car for 3 years. That could have its downsides as well of course.
Hope the above is of some help. Like I said you're lucky to have low sales tax, leasing also means saving paying sales tax on 63% of the vehicle which is ~15% in Quebec.