In Reply to: Re: Did you lease or buy???? posted by josh on August 14, 1999 at 17:09:38:
Don't forget that with leasing, you don't have to tie up money in a down-payment, or sales tax. I did a net present value calculation on my '97 528 and found that a 3-year lease followed by a 4-year purchase was still less than a 5-year purchase (though not by much) because of leaving the down payment invested, and also not having to come up with sales tax up front (which, in the Commonwealth of Massachusetts is 5%, or $2.5 TO $3K on an E39).
: 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