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Absolutely right, but....... (archive)

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Posted by akula on August 14, 1999 at 18:56:43:

In Reply to: Re: Did you lease or buy???? posted by josh on August 14, 1999 at 17:09:38:

one could also pay less. BMW set their 325i leases too low a few years ago and I sold my off-lease car for a $3k profit. Also, if my residual is too high, I'll release the same (or different) Beemer and have a new (probably improved) vehicle with a new warranty and free service.

: but don't you end up paying more in the long run of you decide to buy after your lease is up? Also, I can't see handing over the keys after I've paid $17-$20k over three years

: :
: : Generally, I like to lease. Leasing gives me a free embedded option (similar to a mortgage) to either buy the car or return it. Specfically, I can buy the car if the residual is below market or return the car if its a lemon, too small, or not what I expected.

: : Leasing gives me maximum flexibility - as well as lower monthly payments.

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