Quote:
Originally Posted by DS_BMW
How do you not lose money on a lease? Almost everyone who leases gives the car back at the end. Where is the prophet on that?
|
You lose money on almost any vehicle purchase unless you are dealing with something like a 911R. Also you do not have to wait till the end of the lease to dispose of it and most times it is less expensive to dispose of the leased BMW.
As a direct example I just transferred the lease on my son's 328i. If I was to trade it in or sell it today I would have had to pay $5K out of pocket plus lost the CA sales tax for another $3K. Instead after having the car for 16 months I am paying $350 out of pocket to transfer the lease. BTW I did not put anything down on the vehicle either.
So sick of the ignorance on leasing and people assuming that it is the wrong thing no matter what. It is completely situational.