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DFWMS Financial gurus, school me on automotive leases

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  • #31
    Originally posted by Big A View Post
    Is there wiggle room on that $80k? I'm looking at leasing a new M3, $60kish, which is why I'm looking at a lease as a possibilty. I really don't see me getting even pay-off in two years or so, which is why I thought that leasing would be a viable option.
    Yeah that wouldn't be a bad idea, time also comes into play. There is a sweet spot on any lease where you can get out better off than if you bought, it's considerably easier on larger purchases. Generally I say 80k, but any high end vehicle that has a moderate retention of value is not a bad idea. Just take a look at resale values of similarly priced and optioned vehicles you're looking at and then look into your lease criteria and total of payments.
    "When the people find that they can vote themselves money, that will herald the end of the republic." -Benjamin Franklin
    "A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury." -Alexander Fraser Tytler

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