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BMW Select is effectively an open ended lease, the ballon payment is going to have some of the same issues as leases because they are estimating a residual value. We do open ended leasing for our fleet at work and as long as you understand what your getting into they are not a terrible idea. I have read some folks that were pretty upset when after their term was up on a BMW Select deal they discovered the ballon payment exceeded the value of the car on trade in, imagine paying for 48 or 60 months and still being upside down. If you can live with the residual value risk then it might be an option. When my turn comes up on the list I am going to study all three options and decide based on what makes the most sense for me. I plan on driving 8-10k a year max and take great care of my cars so all three are decent options for me.
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